4229 N 17th St - Apartments FOR SALE


Phoenix, AZ 85016- Midtown Phoenix
$2,500,000 USD
480-323-6072
4229 N 17th St, Phoenix, AZ for Sale
$2,500,000 USD
Apartments - FOR SALE
1/22
null | 5.66% Cap Rate

4229 N 17th St
Phoenix, AZ 85016
Midtown Phoenix


HIGHLIGHTS

  • 4229 N 17th Street is a one-of-a-kind chance to purchase a well-maintained eight-unit low-rise apartment complex with abundant community amenities.
  • Residents enjoy hassle-free commutes from the property, with convenient access to State Route 17, Interstate 17, and Downtown Phoenix.
  • Units boast a modern, contemporary design with stainless steel appliances, vinyl flooring, luxe countertops, electric locks, and top-notch fixtures.
  • Many shopping and dining amenities, such as Whole Foods, Best Buy, Nordstrom Rack, LA Fitness, Ulta Beauty, and Marshalls, are 10 minutes away.

OVERVIEW

ABI Multi family’s Private Apartment Team is pleased to present the exclusive opportunity to acquire 4229 North 17th Street, an 8-unit fully renovated garden-style apartment community located in the heart of Phoenix, Arizona. 5.66% Pro forma CAP Investment. This boutique property is offered at $2,500,000, presenting a strong investment opportunity in a high-demand central submarket. Ideally situated just south of the Camelback Corridor and west of the SR-51 freeway, the property offers seamless access to major employment hubs, lifestyle amenities, and premier retail centers including Whole Foods, Trader Joe’s, Camelback Colonnade, and Town & Country Shopping Center. Residents also benefit from proximity to Phoenix Children’s Hospital, the Biltmore area, and multiple parks and schools. Originally constructed in 1982, the property underwent extensive renovations completed in 2020. The community consists of eight (8) large 2-bedroom / 2-bathroom units (approx. 920 SF each), each featuring: Vaulted ceilings Private backyards In-unit washer/dryers Private storage closets Interior upgrades include modern cabinetry, vinyl plank flooring, stainless steel appliances, and floating bathroom vanities. Exterior enhancements offer added appeal with a dog run, community patio with grill & bar, and secured gated access. Each unit is individually metered for electricity and the community is condo-mapped, allowing for multiple investment strategies and long-term flexibility. Investment Highlights 8 Units | 100% 2-Bed / 2-Bath | ~920 SF Each Fully Renovated in 2020 (Interiors & Exteriors) Vaulted Ceilings, Private Yards, In-Unit W/D, & Storage Closets Secured Access | Dog Run | Community Patio Grill & Bar Centrally Located Near Camelback Corridor, Biltmore, and Arcadia Individually Metered for Electricity Condo-Mapped and Individually Parceled Excellent Walkability to Shopping, Dining & Major Employers 4229 North 17th Street presents investors with a rare opportunity to acquire a stabilized, turn-key asset in one of Phoenix’s most sought-after neighborhoods—delivering an attractive 5.66% pro forma CAP rate with long-term upside.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$227 USD /SF

# OF UNITS

8

PRICE/UNIT

$312,500

CAP RATE

5.66%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

5.66% Pro Forma CAP Investment

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1982

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.69 AC

LAND SF

30,056 SF

ZONING

R-3

APN/PARCEL ID

163-28-078,163-28-079,163-28-080,163-28-081,163-28-082,163-28-083,163-28-084,163-28-085

ASK ABOUT THIS PROPERTY

Sarah FortinBellagio Executive Plaza GroupMore Info
480-323-6072

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Sarah FortinBellagio Executive Plaza GroupMore Info
480-323-6072

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