$2,795,087
Phoenix, AZ 85016
MLS# 7038917
16 beds | 16 baths
1 / 10
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.
Details
Contract Info
Current Price: $2,795,087
List Price: $2,795,087
Status: Active
List Date: 2026-06-01
Ownership: Fee Simple
Location, Tax & Legal
House Number: 4229
Compass: N
Street Name: 17TH
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85016
Zip4: 5337
Country: US
County Code: Maricopa
Subdivision: FOX RUN
Assessor Number: 163-28-085
Tax Year: 2025
General Property Description
Lot Size Dimensions: 4227 North 17th Street
Year Built: 1982
Uncvrd Parking Spcs: 15
Total # of Units: 8
# of Buildings: 2
Zoning: R-3
Elementary School District: Madison Elementary District
High School District: Phoenix Union High School District
Legal Info
Township: 2N
Range: 3E
Section: 22
Lot Number: 8
2 Bedroom Units
# 2 Bedroom Units: 8
Avg Rent: 1850
Avg SqFt: 920
# Baths: 2
Structure
Bedrooms Total: 16
Bathrooms Total: 16
Showing Notification Methods
Showing Service: Aligned Showings
Remarks Misc
Cross Street: AZ-51 N & E Indian School Rd
Geo Lat: 33.497456
Geo Lon: -112.045109
Income Expenses
Gross Annual Sch Inc: 187000
Net Operating Income: 141536
Property Features
Project Type: 5 - 12 Units
Other Type: Other (See Remarks)
Construction: Wood Frame
Const - Finish: Painted; Stucco
Roofing: Tile; Foam; Other
Floors: Vinyl
Sale Includes: Land & Building
Community Features: No Pool; Barbecue; See Remarks
Exterior Amenities: Landscape Water System; Desert Landscaping; Fenced; Partially Fenced; Patio/Balcony
Interior Features: Other (See Remarks)
Appliances Included: Built-In Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer; Other
Heating: Ceiling; Individual; Central
Cooling: Ceiling Fan(s); Electric; Individual; Central Air
Water Source: City Franchise
Sewer: Sewer - Public
Electric: APS; Individual Meter
Gas: None
Parking Features: >1 Space Per Unit; Other
Road Surface Type: Asphalt
Owner Pays: Water; Trash Collection; Landscaping; See Remarks
Tenant Pays: Electricity; Cable TV; Other (See Remarks)
Source of Fincl Data: Projected Proforma
Showing Notification Methods: Email
Lockbox Type: None
New Financing: Other (See Remarks)
Environmental: Other (See Remarks)
Listing Office: Bellagio Real Estate
Office Phone: 602-456-4167
Office Email: [email protected]
Last Updated: August - 25 - 2026
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