NOTE: New Pricing $17,910,000 Ocotillo is a 173-unit, fully stabilized, Affordable Multifamily community located in the heart of Phoenix, less than a mile east of Interstate 17 with immediate access to downtown Phoenix, Sky Harbor International Airport, Grand Canyon University and the Northwest Valley. Built in 1972, the property was comprehensively repositioned in 2014 with over $4 million in capital improvements — new air conditioners, energy-efficient windows, Steelcase doors, foam roofs, security gates, pool equipment, and refreshed stucco and interiors. Comprised of spacious studio, one- and two-bedroom homes with open floor plans, ample storage, and full-size kitchens, community amenities include a large fenced pool area, two laundry rooms, an expansive clubhouse, covered parking, and a dedicated leasing office. Mix of Affordable and Market-rate units. 118 are rent-restricted under LURA with the City of Phoenix.