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9633 N 17th Avenue - Mountain View Apartments, Phoenix, AZ

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9633 N 17th Avenue - Mountain View Apartments

Phoenix, AZ 85021-2080 - Sunnyslope MF Submarket

Property Type:Multi-Family Number of Units:26 Status:Existing Year Built:1983
Stories:2 Building Size:18,000 SF Land Area:.65 AC (28,314 SF)
For Sale Price:$1,417,000 Price/Unit:$54,500.00 Cap Rate:6.40 % GRM:-

Parking:2.44 Parking Spaces / 1,000 SF

Mountain View Apartments is located in Phoenix, Arizona. The property consists of 26 units with a great mixture of spacious one bedroom, one bath and two bedroom, one bath floor plans in two buildings. The apartment units range in square footage from 600 Sq. Ft. to 750 Sq. Ft. This two story community is 1983 brick construction and has recently undergone a number of renovations to the apartments and the exterior of the building, including fresh paint. The property has ample parking with 40 open spaces as well as street parking for visitors. Mountain View Apartments offers multiple features like individual unit entrances, front patio space, a swimming pool and on site laundry facilities.

Mountain View Apartments is only 1.7 miles from the I-17 Black Canyon Freeway which connects to the I-10, and the Pima Fwy (101), which connects to the 51 Hwy and the Red Mountain Fwy (202). The property is situated near ample local shopping, restaurants and entertainment. Nearby business are Target, Albertsons, Safeway Stores, Bank of America, JP Morgan Chase, Fry's.

Sale Notes:
Mountain View is a 26-unit garden-style apartment community located
in a desirable north/central Phoenix neighborhood. Built in 1983
the property is made of block construction with pitched-composition
shingle roofs, and is individually-metered for electricity and has copper
The unit mix consists of one-bedroom and two-bedroom floor plans that
are spacious, well designed and average approximately 692 square
feet. Interior unit amenities include fully appointed kitchens with full-size
electric appliances, ceramic tile flooring, ceiling fans and mini blinds.
The property is situated on approximately 0.65 acres and features low
water use desert landscaping and mature shade trees. Community
Amenities include a large swimming pool, an on-site laundry facility and
secured parking access gates.
Over the last year, the North Phoenix submarket average rental rates
increased by more than 6.67% to $0.98 PSF, while occupancy increased
by 60 basis points respectively. Strategic path of growth positions
Mountain View to benefit from accelerating fundamentals across the
larger Phoenix metro. Numerous economic forecasts project Phoenix
to lead major western markets in employment and population growth
through 2017.

Brian Smuckler
(602) 735-5688

Jeff Seaman
(602) 735-5634

Derek Smigiel
(602) 735-5632

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