North Point, 52-Units | Phoenix Multifamily For Sale | Bulk Condos

Multifamily For Sale in Phoenix Arizona – 52-Units (Bulk Condos)

North Point, 52-units (Multifamily)

6315 North 16th Street, Phoenix, AZ 85016

$3,338,000

47,238 SF Bldg

52 Units

Garden/Low-Rise

AVAILABLE FOR SALE

AREA DESCRIPTION

North Point Condominiums enjoys a superior East Central Phoenix location within the sought after Madison School District near hiking trails, shopping and restaurants. This property has great access to the valley freeway system, the Biltmore, Camelback Corridor and downtown. The property enjoys major street exposure as it is located on north 16th Street, a major North/South thoroughfare.

North Point Condominiums’ proximity to jobs, entertainment, transportation and educational options are second to none in the Phoenix area. The submarket of North Point has steady rental demand and is considered one of the best prospective areas for rising rents in the long term. Competition from new apartment construction is not a threat in the submarket where North Point is located due to the area being built out.

PROPERTY DESCRIPTION

52 units available for sale as a package (bulk condos) inside North Point Condominiums, an 86-unit, garden-style condominium community located in east central Phoenix. Built in 1968, North Point has a pitched, composition roof, block and frame construction, 6 two-story and 6 single-story buildings and is individually metered for electricity. The property has a competitive advantage in the submarket due to its unit mix, storage space inside each unit, resort-style pool and attractive, lush landscaping which creates an oasis-like setting in the center of one of Phoenix’s busiest areas. The unit mix is comprised of 45 two-bedroom / two-bath units of approximately 885 square feet and 7 three-bedroom / two- bath units of approximately 1,059 square feet. All the units have spacious kitchens and large closets. Common area amenities include a swimming pool, covered parking, playground, laundry facilities, vaulted ceilings and private balcony/patios.

DRIVE BY ONLY. PLEASE DO NOT DISTURB THE TENANTS OR ONSITE STAFF. PLEASE CONTACT LISTING BROKER FOR ADDITIONAL INFORMATION. THANK YOU.

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