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.