4229 N 17th St - Apartments FOR SALE


Phoenix, AZ 85016
$2,500,000 USD
623-244-8399
4229 N 17th St, Phoenix, AZ for Sale
$2,500,000 USD
Apartments - FOR SALE
1/15
null | 6.07% Cap Rate

4229 N 17th St
Phoenix, AZ 85016


HIGHLIGHTS

  • 4229 N 17th Street is a one-of-a-kind chance to purchase a well-maintained eight-unit low-rise apartment complex with abundant community amenities.
  • Residents enjoy hassle-free commutes from the property, with convenient access to State Route 17, Interstate 17, and Downtown Phoenix.
  • Units boast a modern, contemporary design with stainless steel appliances, vinyl flooring, luxe countertops, electric locks, and top-notch fixtures.
  • Many shopping and dining amenities, such as Whole Foods, Best Buy, Nordstrom Rack, LA Fitness, Ulta Beauty, and Marshalls, are 10 minutes away.

OVERVIEW

4229 N 17th Street is a shining opportunity to purchase a one-story multifamily asset in the heart of Midtown Phoenix. Spanning 11,000 square feet, this low-rise apartment complex comprises eight two-bed and two-bath units, each approximately 920 square feet. Recently renovated in 2022, these ranch-style units sport GE stainless steel appliances, dual bathroom sinks, walk-in closets, modern fixtures, electric locks, contemporary glass cabinets, vinyl flooring, and luxurious white countertops. Residents appreciate that the community is pet-friendly with amenities, including a dog park, patio picnic areas, tranquil sitting areas, and gated entry. Strategically positioned adjacent to State Route 51, 4229 N 17th Street quickly connects to all that Phoenix offers via Interstate 17. Residents are minutes away from premier shopping destinations like Camelback Colonnade, Town and Country Shopping Center, and Biltmore Fashion Park. Downtown Phoenix is an 11-minute drive for those who commute to work or love to play in the city. The Phoenix Sky Harbor International Airport lies 7 miles from the property, connecting to over 80 domestic and 20 international destinations. Midtown Phoenix is a laid-back suburban neighborhood with eclectic eateries, microbreweries, and artistic influence. Just north of downtown, the area enjoys easy access to a modern network of urban freeways and arterial streets like North Central Avenue and East Camelback Road. This district boasts historic single-family residential neighborhoods home to approximately 391,814 residents. Midtown Phoenix has plenty of recreational activities at local parks and the sprawling Phoenix Mountains Preserve, just a short drive away.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$227 USD /SF

# OF UNITS

8

PRICE/UNIT

$312,500

CAP RATE

6.07%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1982

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.69 AC

LAND SF

30,056 SF

ZONING

R-3

APN/PARCEL ID

163-28-078,163-28-079,163-28-080,163-28-081,163-28-082,163-28-083,163-28-084,163-28-085

ASK ABOUT THIS PROPERTY

Bellagio Real EstateBellagio Executive Plaza GroupMore Info
623-244-8399

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Bellagio Real EstateBellagio Executive Plaza GroupMore Info
623-244-8399

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.