1810 N 16th St - Apartments FOR SALE


Phoenix, AZ 85006- Coronado
$3,200,000 USD
480-510-0808
1810 N 16th St, Phoenix, AZ for Sale
$3,200,000 USD
Apartments - FOR SALE
1/5
null | Request Cap Rate

1810 N 16th St
Phoenix, AZ 85006
Coronado


HIGHLIGHTS

  • 12 Units, Built in 1950, Completely Renovated in 2016
  • Mix of Studio, One, & Two-Bedroom Unit Types
  • Fully Gated Community With Custom Steel Fencing & On-Site Parking
  • In-Suite Washer & Dryer in All 12 Units
  • Exceptional Frontage on 16th Street & Within the Popular Coronado Historic District
  • Minutes from Downtown Phoenix, ASU Downtown, Banner Banner University Medical Center, Phoenix Children's Hospital, & St. Luke's Medical Center

OVERVIEW

ABI Multifamily is pleased to announce the exclusive availability of the Steelyard Apartments, a 12-unit apartment community located at 1810 North 16th Street in Phoenix, AZ. The property is situated minutes from Downtown Phoenix and is tucked away in the highly sought-after Coronado Historic District. The property provides excellent visibility from 16th Street and is situated within walking distance to a boutique corridor of retail along McDowell Road, made famous among Phoenicians in the 1950’s, known as “The Miracle Mile on McDowell”. With multiple freeway access points and entertainment options in the immediate area, Steelyard truly is in the heart of it all. The property was built in 1950 and is constructed from red-brick and includes a unit mix of (1) studio, (10) one-bedroom / one-bathroom apartments, and (1) two-bedroom / one-bathroom apartments with all units being outfitted with an in-suite washer & dryer. Beyond the private gates of the community, residents are greeted by the modern rustic charm that can be felt throughout the interior and exterior of the property. Interior features include stained concrete floors, high ceilings, exposed ducts & beams, and spacious floorplans. Complementing the timeless red-brick charm of Steelyard, the secluded courtyard features a number of community amenities including a bocce ball court, barbeque, custom steel wood chiminea, and more. The Steelyard Apartments provides a truly unique opportunity that both the investor and residents are sure to enjoy for years to come.

FOR SALE DETAILS

PRICE

$3,200,000 USD

PRICE/SF

$418 USD /SF

# OF UNITS

12

PRICE/UNIT

$266,667

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Steelyard Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.44 AC

LAND SF

19,328 SF

ZONING

M-H

APN/PARCEL ID

117-17-024A

ASK ABOUT THIS PROPERTY

Rue BaxABI MultifamilyMore Info
480-510-0808

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Rue BaxABI MultifamilyMore Info
480-510-0808

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.