Multifamily | 8 Units | Exclusive Investment Opportunity – 5.66% Pro Forma CAP Rate

ABI Multifamily’s Private Apartment Team is proud to present the exclusive opportunity to acquire 4229 North 17th Street, an impeccably renovated, boutique 8-unit garden-style apartment community located in the vibrant heart of Phoenix, Arizona.

Offered at $2,500,000, this asset delivers a compelling 5.66% pro forma CAP rate, combining stability, location, and upside potential in one of the city's most in-demand submarkets.

Unmatched Location, Unbeatable Access

Strategically positioned just south of the Camelback Corridor and west of the SR-51 freeway, this property offers unmatched access to Phoenix’s top employment hubs, upscale retail centers, and dining destinations. Within minutes, residents can reach:

Whole Foods, Trader Joe’s, Camelback Colonnade, and Town & Country Shopping Center

The Biltmore, Arcadia, and Uptown Phoenix

Major employers including Phoenix Children’s Hospital

Local parks, schools, and essential community services

Whether commuting or enjoying the local lifestyle, the location perfectly balances connectivity and neighborhood charm.

Fully Renovated + Modernized Units

Originally built in 1982 and extensively renovated in 2020, the property consists of eight (8) spacious 2-bedroom / 2-bathroom units (approx. 920 SF each), designed with modern features to attract quality tenants and minimize future capital expenses.

Each unit includes:

Vaulted ceilings and open floor plans

Private backyard spaces

In-unit washer/dryers

Individual storage closets

Interior upgrades feature:

Contemporary cabinetry

Stainless steel appliances

Vinyl plank flooring

Floating bathroom vanities

Exterior amenities include:

Gated access for resident security

Dog run and landscaped courtyard

Community patio with grill and bar

Investor-Friendly Configuration

This condo-mapped and individually parceled community offers flexibility for future exit strategies, including potential unit sales or long-term hold scenarios. All units are individually metered for electricity, reducing operational costs and increasing NOI potential.

4229 North 17th Street is a rare, stabilized, turn-key investment in one of Phoenix’s most desirable core neighborhoods—perfect for investors seeking reliable returns and long-term value growth.