PLAYTON PLACE APARTMENTS | MULTIFAMILY FOR SALE IN PHOENIX AZ

SOUTH OF CAMELBACK CORRIDOR ON 16TH STREET – PHOENIX, AZ

3625 N 16TH ST, PHOENIX, AZ 85016 | MIDCENTURY MODERN APARTMENTS FOR SALE

Number of Units 23
Building Size 19,845 SF
Property Type Multifamily
Property Sub-Type Garden/Low-Rise
Property Use Type Investment
Occupancy 100%
Year Built 1963, 1973 (Renovated 2022)
Lot Size 1.39 Acres | 60,586 SF
APN 119-30-063-A
Parking Spots 35 Covered, 34 Uncovered
Neighborhoods Biltmore, Camelback Corridor, Camelback East, Central Phoenix, East Side Phoenix
Listing Status Active

HIGHLIGHTS

Completely Renovated and Repositioned in 2022 with Premium Finishes and Modern Amenities
Superior East Phoenix Location along 16th Street Corridor
Pride of Ownership Community
High Demand Rental Market with Strong Fundamentals
Proximity to boutique Retail, Independent Restaurants, Employment Drivers and the prestigious Camelback Corridor
Low Maintenance Asset
Block & Wood Frame Construction
Walking distance to Grand Canal, which many people utilize for recreation, including, running and biking.

PROPERTY INFO

VIBRANT INFILL LOCATION CELEBRATED FOR PUBLIC RESOURCES AND PRIVATE REVITALIZATION

Playton Place @ Biltmore offers an investor the rare opportunity to acquire an extensively renovated asset located in a dynamic east Phoenix location, quickly becoming one of the hottest neighborhoods in all of central Phoenix. With strong submarket fundamentals coupled with the Phoenix market’s continual improvement and recovery, Playton Place @ Biltmore is well positioned to achieve continual revenue increase.

RAISING THE BAR FOR URBAN LIVING IN CENTRAL PHOENIX

Playton Place @ Biltmore offers style and convenience while raising the bar for urban apartment living in central Phoenix. Originally built in 1963 and 1973 as office space, the subject property went through an extensive adaptive reuse process with the City of Phoenix converting the property’s use to apartment living. During construction, the building’s midcentury modern exterior facade was left intact, while everything else was re-built from top to bottom. Construction was completed in 2022, using high-end finishes and modern contemporary design. The unit mix is comprised of three (3) studio / 1 -bathroom units or approximately 543 square feet, three (3) 1-bedroom / 1-bathroom units of approximately 778 square feet, and seventeen (17) 2-bedroom / 1-bathroom units of approximately 944 square feet.

Interior property upgrades stainless-steel appliance package, stainless steel sinks with garbage disposal and retractable multi-setting faucet, granite countertops, in-suite washer/dryer, stained concrete floors, porcelain tile shower surrounds with new fixtures, premium lighting, and low-flow toilets.

The revamped exterior features gated courtyards, pet friendly accommodations, fire-suppression system and covered parking.

SUPERIOR EAST PHOENIX LOCATION NEAR CAMELBACK CORRIDOR

Playton Place @ Biltmore, aka The Playton, is a 23-unit, midcentury modern, one and two-story, courtyard-style, multifamily rental community located in the Biltmore-area of Phoenix, near Phoenix Children’s Hospital, Arizona Heart Hospital, and shops and popular eateries such as Binkley’s, Pa’La Kitchen, Wren House Brewing Company, Whole Foods, Trader Joe’s, Grassroots Kitchen & Tap, Pizzeria Bianco, Snooze, Sage Kitchen and The Parlor. The Playton is a mid-century modern apartment community located in Phoenix’s Biltmore Area, west of the SR-51 Piestewa Freeway, south of Indian School Road, North of Osborn Road, along 16th Street, allowing easy access to The Shops at Town & Country, Biltmore Fashion Park, the Camelback Corridor, the valley freeway system and numerous employers. The property is a short distance from the Grand Canal, which many people utilize for recreation, including running and biking.