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Playton Place

$5,725,000

3625 N 16th St, Phoenix, AZ 85016

Active
Last Updated: 09/20/2025

6

Cap Rate

20,522 sqft

Building Size

Details:
Cap Rate:    6%
Building Size:    20,522 sqft
Lot Area:    60,586 sqft
Year Built:    1963
Zoning:    C-2
Parking Spots:    67
Year Last Renovated:    2022
Highlights:
  • Annual Tax: $ 36112.0
  • Max Contiguous Area: 20522.0
  • Sewer: City
  • Water: City Water
Description:

Located in the highly desirable Central Phoenix neighborhood, Playton Place was recently professionally renovated as an amazing, very secure, condo-quality, turn-key apartment community – essentially brand new. Actual expenses are minimal and it’s always fully occupied providing consistent strong cash flow. Most of the units are large (947 sf avg) two-bedroom and every unit has new stainless-steel appliances, shaker-style cabinetry, dishwashers, and in-unit laundry. The main water line was replaced and new, fire sprinkler system offering enhanced safety was installed. All roofs are in great condition and the HVAC units are new. The manicured, landscaped courtyards are enclosed by an attractive, heavy-duty, locked security fence with coded lock entries plus each apartment has a keyless door entry.

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2 Bed / 1 Bath
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Playton Place Site Plan
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