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Multifamily

Edge on Seventeen

2501 W Ocotillo Rd, Phoenix, AZ 85017

Listing Price: Request For Offer

Number of Units
54
Gross SF
39,300

Investment Overview

Sited with unparalleled proximity to Interstate 17 (I-17) and engulfed by new capital-intensive development projects, Edge on 17 (“the property”) offers 54 units across three floors in two beautiful symmetrically constructed buildings. The immediacy of I-17 enables unobstructed freeway dominated routing to nearly anywhere in the Valley. Whether commuting to a job in one of the many powerful employment corridors in the surrounding area, or adventuring into the plethora of dining, shopping, and nightlife attractions found throughout the high demand neighborhoods of uptown, midtown, and downtown, Edge on Seventeen tenants will enjoy their arrival having expended minimal time and effort. Additionally, Edge on Seventeen is spotted in between the highly touted development projects taking place at Grand Canyon University and the North Mountain Redevelopment Area. One of the pillar universities in the state, Grand Canyon University and its ±110,000 student enrollment, have ±$500M of total projected capital investments to be used by 2024. On the other side of the property, the North Mountain Redevelopment Area is currently applying over $1B in various projects to improve infrastructure, create new employment opportunities, and improve overall livability, including the redevelopment of the iconic Metrocenter Mall and the northwest extension of the Valley Metro. Built in 1982 and characterized by the overriding number of two-bedroom floorplans, Edge on Seventeen poses only six one-bedroom compared to 48 two-bedroom layouts with an overall average unit size of 728 square feet. Future ownership will have the luxury of an established renovation program at the property but with 45 of the remaining units untouched. This will allow for the capturing of an associated $100 rental premium based on rents achieved by similar properties in the submarket.

Investment Highlights

  • Built in 1982
  • 89% two-bedroom floorplans. Future ownership will have the opportunity to renovate 45 of the units to capitalize on renovation premiums proven at the property.
  • Close proximity to the West Valley's premier university - Grand Canyon University.

Exclusively Listed By

Multifamily

Edge on Seventeen

Listing Price: Request For Offer

Number of Units
54
Gross SF
39,300

Investment Highlights

  • Built in 1982
  • 89% two-bedroom floorplans. Future ownership will have the opportunity to renovate 45 of the units to capitalize on renovation premiums proven at the property.
  • Close proximity to the West Valley's premier university - Grand Canyon University.

Investment Overview

Sited with unparalleled proximity to Interstate 17 (I-17) and engulfed by new capital-intensive development projects, Edge on 17 (“the property”) offers 54 units across three floors in two beautiful symmetrically constructed buildings. The immediacy of I-17 enables unobstructed freeway dominated routing to nearly anywhere in the Valley. Whether commuting to a job in one of the many powerful employment corridors in the surrounding area, or adventuring into the plethora of dining, shopping, and nightlife attractions found throughout the high demand neighborhoods of uptown, midtown, and downtown, Edge on Seventeen tenants will enjoy their arrival having expended minimal time and effort. Additionally, Edge on Seventeen is spotted in between the highly touted development projects taking place at Grand Canyon University and the North Mountain Redevelopment Area. One of the pillar universities in the state, Grand Canyon University and its ±110,000 student enrollment, have ±$500M of total projected capital investments to be used by 2024. On the other side of the property, the North Mountain Redevelopment Area is currently applying over $1B in various projects to improve infrastructure, create new employment opportunities, and improve overall livability, including the redevelopment of the iconic Metrocenter Mall and the northwest extension of the Valley Metro. Built in 1982 and characterized by the overriding number of two-bedroom floorplans, Edge on Seventeen poses only six one-bedroom compared to 48 two-bedroom layouts with an overall average unit size of 728 square feet. Future ownership will have the luxury of an established renovation program at the property but with 45 of the remaining units untouched. This will allow for the capturing of an associated $100 rental premium based on rents achieved by similar properties in the submarket.

Exclusively Listed By

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