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5656 N 17th Avenue - Bella Solano Apartments, Phoenix, AZ

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5656 N 17th Avenue - Bella Solano Apartments

Phoenix, AZ 85015-2523 - Hoffmantown MF Submarket


Property Type:Multi-Family Number of Units:160 Status:Existing Year Built:1973
Stories:2 Building Size:98,948 SF Land Area:4.96 AC (216,058 SF)
For Sale Price:$11,800,000 Price/Unit:$73,750.00 Cap Rate:7.83 % GRM:-

Parking:1.52 Parking Spaces / 1,000 SF



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.

Bella Solano is an attractive 160-unit garden-style community located in a dynamic central Phoenix neighborhood. Built in 1973 and 1985 (Phase II), the property is made of wood-frame construction with built-up roofs with tile mansards, and is master metered for electricity with individual rood mounted HVAC units.

The unit mix consists of studio, one-bedroom and two-bedroom, one-bath floor plans that are spacious and well designed. Interior unit features include fully appointed kitchens with full size appliances and oak cabinetry, fiberglass shower surrounds, ceiling fans, spacious utility closets in select floorplans.

The property is situated on a large lot of approximately 4.95 acres. Bella Solano's community amenities include attractive courtyards with resort style grounds, a large sparkling swimming pool, covered parking, two-laundry facilities, natural gas barbecues, an attractive leasing office, fitness center, kitchen pool table and shuffle board.

Bella Solano is located adjacent to the Christown Spectrum Mall, a 1.1 million square foot retail power center which features 90 shop anchored by several major retailers including Costco Wholesale and a Walmart Supercenter. In addition, the subject property is in proximity to many top schools, including the Art Institute of Phoenix. Furthermore, residents enjoy easy access to Interstate-17 which offers a major transportation lifeline throughout the valley.

Property tours are by appointment only.
Please contact the CBRE team to schedule a property tour.

Property website: https://www.cbredealflow.com/handler/landing.aspx?pv=JnmSqBCOtQlHHcDRpaFhttzX6KUQo9zaUSKUPsgET99jAJIAAQWkLBffYUEE48wBP5mKBNJj3-UROTkRvFRIFA

CBRE
Brian Smuckler
(602) 735-5688

Jeff Seaman
(602) 735-5634

Derek Smigiel
(602) 735-5632




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