CBRE is pleased to announce the exclusive offering of Fringe on 32nd, a 24-unit fully renovated apartment community located in central Phoenix just minutes from the Camelback Corridor and the Biltmore district. Built in 1981 and totally renovated in 2022, the previous owner spent $1.1 million on interior and exterior capital improvements. Fringe on 32nd is located just off 32nd Street north of McDowell Road, two major thoroughfares in the city. Frontage along 32nd Street provides excellent visibility of the asset and the 36,000 vehicles per day that pass the property. Fringe on 32nd is minutes away from iconic restaurants and entertainment venues, including La Grande Orange, The Poarch, Postino’s, OSHO, Steak 44, The Capital Grille, The Breakfast Club, and the Camelback Corridor that boasts over 30,000 high-paying jobs positioned in 10M square feet of Class A office space. Also, just minutes from the property is the Biltmore Fashion Park, which is home to popular retailers such as Sacks on 5th Avenue, Macy’s, Ralph Lauren, Tumi, Lulu Lemmon, Arhaus Furniture, an exclusive high-end gym Lifetime Fitness, and many others. Fringe on 32nd was completely renovated in 2022 down to the studs, with the previous owner spending $1.1 million in capital improvements which include new custom shaker kitchen and bathroom cabinetry, new quartz countertops and backsplashes, new stainless steel appliances, built-in microwaves, dishwashers, wood-plank flooring, new interior and exterior doors, new shower and tub surrounds, modern recessed lighting, in-suite washer and dryers, new PEX plumbing and wiring. Also replaced was the drywall given the building was taken down to the studs, ABS sewer lines, and all new electric hot water heaters. Exterior improvements include all new HVAC units, new foam roofs, new dual pane windows, artificial turf in the common area, new exterior lighting, a smooth stucco finish with a new modern paint scheme, covered parking, gated entryway, new asphalt for the parking area, new desert landscaping with low maintenance plants, and a new monument sign.