4229 N 17th Street, Phoenix, AZ 85016
- $2,795,087
- 16
- BD
- 16
- BA
- List Price
- $2,795,087
- Status
- ACTIVE
- Days on Market
- 102
- MLS#
- 7038917
- City
- Phoenix
- Bedrooms
- 16
- Bathrooms
- 16
- Year Built
- 1982
Property Description
Turnkey 8-unit multifamily investment in the heart of the Biltmore area. This gated community features eight large 2-bedroom, 2-bath units with vaulted ceilings, private backyards, in-unit laundry, and exterior storage. Renovated in 2020 with modern finishes including stainless steel appliances, updated cabinetry, vinyl flooring, and contemporary bathrooms. Community amenities include a dog run, picnic area, BBQ space, and desert landscaping. Prime central Phoenix location with convenient access to shopping, dining, employment centers, and major freeways. Strong long-term investment opportunity in a high-demand rental market.
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Additional Information
- Taxes
- $653
- Net Operating Income
- $141,536
- Cap Rate
- 5.06
- Units
- 8
- Parking Features
- Other, >1 Space Per Unit
- Construction
- Wood Frame, Painted, Stucco
- Roofing
- Tile, Foam, Other
- Cooling
- Central Air, Electric, Varies by Unit, Ceiling Fan(s)
- Heating
- Electric, Varies by Unit, Central, Ceiling
- Zoning
- R-3
- Subdivision
- Fox Run
- Community Features
- No Pool, Barbecue, See Remarks
- Electric
- APS, Individual Meter
- Water
- City Franchise
- Tenant Pays
- Electricity, Cable TV, See Remarks
- New Financing
- Other (See Remarks)
Courtesy of Bellagio Real Estate. 602-456-4167
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