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347 N 16TH Avenue

Phoenix, AZ 85007
Beds
5
Pending
Multifamily
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$375,000
Excellent opportunity to own a cash flowing, low maintenance triplex near downtown Phoenix. Two 2-bedroom, 1 bath units and one renovated 1-bedroom, 1 bath unit. On-site laundry. Corner lot with 2 buildings. Strong rents with consistent, stable tenants. Opportunity for value-add and rent increases.
Courtesy of McMath Realty LLC 602-340-1222
Listing Snapshot
Days Online
201
Last Updated
Beds
5
Year Built
1951
MLS Number
6992517
Property Location Map
Additional Details
Property Access
Road Surface: Asphalt
Appliances & Equipment
Refrigerator, Free-Standing Gas Oven, W/D Hookup
Building
Built in 1951, 2 buildings, Construction Materials: Wood Frame, Painted, Stucco
Cooling
Central Air, Electric, Heat Pump, Varies by Unit
Disclosures
Seller Prop Disc Stm
Expenses
Operating: $6,989, Water/Sewer: $5,660
Floors
Tile, Laminate
Heating
Varies by Unit, Central, Heat Pump, Electric
Income
Gross Income: $33,000, Gross ScheduledIncome: $33,000, Net Operating Income: $26,011
Lot
Dimensions: 6754 total sq ft
Owner Pays
Trash Collection, Water, Sewer
Parking
1 covered spaces, 4 open parking spaces, 5 total parking spaces, >1 Space Per Unit
Roof
Composition
Sewer
Public Sewer
Taxes
Additional parcels description:, Parcel Number: 111-26-028, Public Survey Range: 3E, Public Survey Section: 6, Annual Amount: $1,329, Tax Book Number: 111.00, Legal Description: LOT 30 CAPITOLA PLACE MCR, Lot: 30, Year: 2025, Zoning: R-5
Utilities
Water Source: City Franchise, APS
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Schools In The Area

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Capitol School 602-257-3835 Public PK-8
Central High School 602-764-7500 Public 9-12
Capitol School 602-257-3835 Public PK-8
Capitol School 602-257-3835 Public PK-8
Capitol School 602-257-3835 Public PK-8
Central High School 602-764-7500 Public 9-12

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