4116 N 21ST Street, Phoenix, AZ 85016 (MLS# 6105335)

4116 N 21ST Street, Phoenix, AZ 85016

$2,250,000

Property Type: Multiple Dwellings Status: Closed

Current Price: $2,250,000 Last Modified: 2/24/2025

Overview

Description

Biltmore 11 Apartments was Fully Remodeled & Repositioned in 2016. Interior Property Upgrades include In-Suite Laundry, Stainless-Steel Kitchen Appliances, Stainless Steel Sink w/ Retractable Multi-Setting Faucet, Granite Counter-tops, Stained Concrete Floors, Tile Shower Surrounds w/ New Fixtures, Premium Lighting +More+. The Revamped Exterior Features Private Patios on select units, Pet Friendly Accommodations, Mature Landscaping and Covered Parking. Biltmore 11 is a mid-century modern Rental Community located in Midtown Phoenix, approximately one mile East of Arizona State Route 51 & approximately three miles North of Interstate 10, South of Camelback Road. It is close to the Grand Canal, which many people utilize for Recreation, including Running & Biking. 11 Units w/Great Unit Mix!

Listing Details MLS# 6105335

Location, Tax & Legal

Map Code/Grid: P35
House Number: 4116
Compass: N
Street Name: 21ST
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85016
Zip4: 6100
Country: US
County Code: Maricopa
Subdivision: EAST MORNINGSIDE
Assessor Number: 163-32-040
Tax Year: 2019
Assessor's Map #: 32
Legal Description (Abbrev): LOT 9 BLOCK 2 EAST MORNINGSIDE MCR 001709
Assessor's Parcel #: 40
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 108502
Taxes: 8823
Tax District: 381
Legal: LOT 9 BLOCK 2 EAST MORNINGSIDE MCR 001709
Marketing Name: Biltmore 11

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: 290 x 100
Year Built: 1964
Uncvrd Parking Spcs: 10
Total # of Units: 11
# of Buildings: 3
Zoning: MULT
Elementary School District: Madison Elementary District
High School District: Phoenix Union High School District

Remarks Misc

Cross Street: INDIAN SCHOOL & 21ST ST
Directions: North from Indian School

Status Change Info

Off Market Date: 2020-08-28
Under Contract Date: 2020-08-18
Close of Escrow Date: 2020-10-20

Legal Info

Township: 2N
Range: 3E
Section: 22
Block: 2
Lot Number: 9
Cnty Rcrd Bk & Pg #: 1709

More Information

Income Expenses

Gross Annual Sch Inc: 150108
Net Operating Income: 123749

Efficiency Units

# Efficiency Units: Yes
Avg Rent: 790
Avg SqFt: 400
# Baths: Yes

1 Bedroom Units

# 1 Bedroom Units: 5
Avg Rent: 1100
Avg SqFt: 550
# Baths: Yes

2 Bedroom Units

# 2 Bedroom Units: 5
Avg Rent: 1353
Avg SqFt: 825
# Baths: Yes

Sold Info

Loan Type: Conventional
Loan Years: 30
Payment Type: Fixed
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Buyer Concession to Seller: 0
Seller Concession to Buyer: 0

Project Type

5 - 12 Units: Yes

Construction

Block: Yes
Wood Frame: Yes

Const - Finish

Painted: Yes
Stucco: Yes

Roofing

Composition: Yes
Built-Up: Yes

Floors

Concrete: Yes

Sale Includes

Land & Building: Yes

Income & Expenses

Annual Elec Exp: 0
Annual Gas Exp: 0
Annual Ins Exp: 2800
Annual Land Lse Exp: 0
Annual Landscape Exp: 1800
Annual Legal & Acctg: 0
Annual Maint Exp: 2750
Annual Mgmt Exp: 7505
Annual Trash Exp: 0
Annual Wtr/Swr Exp: 8200
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual PAD Fee: 0
Annual Rplcmnt Rsrvs: 0
Annual Other Expense: 0
Operating Exp: 31878
Other Income: 9800
Vacancy Allowance: 0.03
Adjusted Gross Inc: 155110.76
Total Monthly Rental Income: 12509

Pmt & Rate Info

Cap Rate: 5.23
Down Payment: 0
Equity: 2365000
1st Encumbrance: 0
Down Payment %: 0
Monthly Payments: 0
1st Interest Rate: 0
1st Payment: 0
1st Payment Freq: None
2nd Encumbrance: 0
2nd Payment: 0
2nd Payment Freq: None
3rd Encumbrance: 0
3rd Payment: 0
3rd Payment Freq: None
Total Owed: 0
Assessment Balance: 0

Showing Notification Methods

Text: Yes
Email: Yes
Phone Call: Yes

Lockbox Type

None: Yes

Community Features

No Pool: Yes
Barbecue: Yes

Heating

Heat Pump: Yes
Electric: Yes
Individual: Yes

Cooling

Ceiling Fan(s): Yes
Electric: Yes
Heat Pump: Yes
Individual: Yes

Exterior Amenities

Green Landscaping: Yes
Desert Landscaping: Yes
Partially Fenced: Yes
Cable TV Available: Yes
Patio/Balcony: Yes
Security Light(s): Yes

Interior Features

Unfurnished: Yes
Fire/Smoke Alarm(s): Yes
Vertical Blinds: Yes
Mini Blinds: Yes

Tenant Pays

Electricity: Yes
Cable TV: Yes

Appliances Included

Dishwasher: Yes
Microwave: Yes
Refrigerator: Yes
Free-Standing Range: Yes
Washer/Dryer: Yes

Road Surface Type

Asphalt: Yes

Source of Fincl Data

Owner: Yes

Water Source

City Franchise: Yes

Sewer

Sewer - Public: Yes

Parking Features

Carport: Yes
Free: Yes
1 Space/Unit: Yes
Assigned: Yes

Electric

APS: Yes
Individual Meter: Yes

Gas

None: Yes

Owner Pays

Water: Yes
Sewer: Yes
Trash Collection: Yes
Landscaping: Yes

New Financing

Conventional: Yes
No Carry: Yes

Existing 1st Loan

Treat as Free&Clear: Yes

Existing 1st Loan Type

Not Applicable: Yes

Existing 1st Loan Terms

Not Applicable: Yes

Existing 2nd Loan

Treat as Free&Clear: Yes

Existing 2nd Loan Type

Not Applicable: Yes

Existing 2nd Loan Terms

Not Applicable: Yes

Existing 3rd Loan

Treat as Free&Clear: Yes

Existing 3rd Loan Type

Not Applicable: Yes

Reports/Disclosures

Seller Prop Disc Stm: Yes

Existing 3rd Loan Terms

Not Applicable: Yes

Environmental

None: Yes

Existing Othr Ln Trm

Not Applicable: Yes

3 Bedrooms Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

Property Features

Project Type: 5 - 12 Units Construction: Block; Wood Frame Const - Finish: Painted; Stucco Roofing: Composition; Built-Up Floors: Concrete Sale Includes: Land & Building Community Features: No Pool; Barbecue Exterior Amenities: Green Landscaping; Desert Landscaping; Partially Fenced; Cable TV Available; Patio/Balcony; Security Light(s) Interior Features: Unfurnished; Fire/Smoke Alarm(s); Vertical Blinds; Mini Blinds Appliances Included: Free-Standing Range; Refrigerator; Dishwasher; Microwave; Washer/Dryer Heating: Individual; Heat Pump Cooling: Ceiling Fan(s); Electric; Heat Pump; Individual Water Source: City Franchise Sewer: Sewer - Public Electric: APS; Individual Meter Gas: None Parking Features: Carport; 1 Space/Unit; Assigned; Free Road Surface Type: Asphalt Owner Pays: Water; Trash Collection; Landscaping Tenant Pays: Electricity; Cable TV Source of Fincl Data: Owner Showing Notification Methods: Text; Email; Phone Call Lockbox Type: None Existing 1st Loan: Treat as Free&Clear Existing 1st Loan Type: Not Applicable Existing 1st Loan Terms: Not Applicable Existing 2nd Loan: Treat as Free&Clear Existing 2nd Loan Type: Not Applicable Existing 2nd Loan Terms: Not Applicable Existing 3rd Loan: Treat as Free&Clear Existing 3rd Loan Type: Not Applicable Existing 3rd Loan Terms: Not Applicable Existing Othr Ln Trm: Not Applicable New Financing: Conventional; No Carry Environmental: None

Listing Office: Keller Williams Arizona Realty

Last Updated: February - 24 - 2025