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4238 N 17th Street - Morningside Pointe, Phoenix, AZ

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4238 N 17th Street - Morningside Pointe

Phoenix, AZ 85016-5324 - Harborwood/Encanto MF Submarket

Property Type:Multi-Family Number of Units:11 Status:Existing Year Built:1959
Stories:2 Building Size:6,300 SF Land Area:89 AC (3,876,840 SF)
For Sale Price:$875,000 Price/Unit:$79,545.45 Cap Rate:6.92 % GRM:-

Parking:1.25 Parking Spaces / 1,000 SF

Property Description: Multi Family - 12 Units

Sale Notes:
For access to the offering memorandum and detailed property information, please click on the property website link above & complete the electronic Confidentiality Agreement.

Morningside Pointe is an 11-unit garden-style apartment community located in a desirable central Phoenix location that was completely renovated and repositioned in 2016. The property is made of block construction with built-up foam roofs and is individually-metered for electricity.

The unit mix is comprised one and two bedroom floor plans that are spacious and very well designed and range in size from 550 to 650 square feet. The units have been renovated with ceramic tile/faux wood vinyl flooring, dual pane windows, upgraded countertops, contemporary white cabinets, brushed-nickel lighting fixtures, ceiling fans, modern bathroom vanities, low flow toilets and new shower surrounds.

Brian Smuckler
(602) 735-5688

Jeff Seaman
(602) 735-5634

Derek Smigiel
(602) 735-5632

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