602-687-6679
9423 N 17th Ave, Phoenix, AZ for Sale
Apartments - FOR SALE
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9423 N 17th Ave
Phoenix, AZ 85021
North Mountain


HIGHLIGHTS

  • Immediately north of Central Phoenix's largest major employment corridor
  • Adjacent to the city-endorsed North Mountain Redevelopment Area with current capital investment of $179M
  • The nearby I-17 Employment Corridor boasts more than 43,000 employees across ±1,200 businesses

OVERVIEW

Centrally located East of the I-17 Freeway immediately north of Central Phoenix's largest major employment corridor is The View at North Mountain, a 72-unit apartment community, just north of the 17th Avenue and Hatcher Road intersection, surrounded by the growing lifestyle opportunities of a gentrifying area and the natural beauty of the North Mountain Preserve. The adjacent city-endorsed North Mountain Redevelopment Area, a defined area within the Phoenix MSA currently undergoing transformative gentrification efforts, provides assistance to residents and business owners in taking advantage of funding mechanisms designed to improve the region through advancement of underutilized properties, expanded infrastructure, and the creation of additional employment opportunities with current capital investment of $179M, and lead by a revitalization of the iconic Metrocenter Mall. Ample employment opportunities are found through the nearby I-17 Employment Corridor, boasting more than 43,000 employees across ±1,200 businesses, featuring employers such as BlueCross BlueShield, Wells Fargo, Waste Management. Developed in 1985, The View at North Mountain is comprised of 18 one-bedroom (25%) and 54 two-bedroom (75%) floorplans, offering an average of 680 square feet. Future ownership will have the opportunity to complete the proven renovation program and capitalize on rent premium based on the current market and achieved rents by similar properties in the immediate surrounding area.

FOR SALE DETAILS

PRICE

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# OF UNITS

72

CAP RATE

Request Cap Rate

% LEASED

94%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The View at North Mountain

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1985

PARKING SPACES

100

LAND DETAILS

LAND ACRES

1.44 AC

LAND SF

62,726 SF

ZONING

R-4, Phoenix

APN/PARCEL ID

158-23-018A

ASK ABOUT THIS PROPERTY

Paul BayMarcus & MillichapMore Info
602-687-6679

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Paul BayMarcus & MillichapMore Info
602-687-6679

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