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Multifamily

The View at North Mountain

9423 N 17th Ave, Phoenix, AZ 85021

Listing Price: Request For Offer

Number of Units
72
Gross SF
48,960

Investment Overview

Centrally located East of the I-17 Freeway immediately north of Central Phoenix's largest major employment corridor is The View at North Mountain, a 72-unit apartment community, just north of the 17th Avenue and Hatcher Road intersection, surrounded by the growing lifestyle opportunities of a gentrifying area and the natural beauty of the North Mountain Preserve. The adjacent city-endorsed North Mountain Redevelopment Area, a defined area within the Phoenix MSA currently undergoing transformative gentrification efforts, provides assistance to residents and business owners in taking advantage of funding mechanisms designed to improve the region through advancement of underutilized properties, expanded infrastructure, and the creation of additional employment opportunities with current capital investment of $179M, and lead by a revitalization of the iconic Metrocenter Mall. Ample employment opportunities are found through the nearby I-17 Employment Corridor, boasting more than 43,000 employees across ±1,200 businesses, featuring employers such as BlueCross BlueShield, Wells Fargo, Waste Management.

Developed in 1985, The View at North Mountain is comprised of 18 one-bedroom (25%) and 54 two-bedroom (75%) floorplans, offering an average of 680 square feet. Future ownership will have the opportunity to complete the proven renovation program and capitalize on rent premium based on the current market and achieved rents by similar properties in the immediate surrounding area.

Investment Highlights

  • Located immediately north of Central Phoenix's largest major employment corridor
  • Adjacent to the North Mountain Redevelopment Area with capital investment of $179M
  • Dominated by two-bedroom floorplans

Exclusively Listed By

Financing By

Multifamily

The View at North Mountain

Listing Price: Request For Offer

Number of Units
72
Gross SF
48,960

Investment Highlights

  • Located immediately north of Central Phoenix's largest major employment corridor
  • Adjacent to the North Mountain Redevelopment Area with capital investment of $179M
  • Dominated by two-bedroom floorplans

Investment Overview

Centrally located East of the I-17 Freeway immediately north of Central Phoenix's largest major employment corridor is The View at North Mountain, a 72-unit apartment community, just north of the 17th Avenue and Hatcher Road intersection, surrounded by the growing lifestyle opportunities of a gentrifying area and the natural beauty of the North Mountain Preserve. The adjacent city-endorsed North Mountain Redevelopment Area, a defined area within the Phoenix MSA currently undergoing transformative gentrification efforts, provides assistance to residents and business owners in taking advantage of funding mechanisms designed to improve the region through advancement of underutilized properties, expanded infrastructure, and the creation of additional employment opportunities with current capital investment of $179M, and lead by a revitalization of the iconic Metrocenter Mall. Ample employment opportunities are found through the nearby I-17 Employment Corridor, boasting more than 43,000 employees across ±1,200 businesses, featuring employers such as BlueCross BlueShield, Wells Fargo, Waste Management. Developed in 1985, The View at North Mountain is comprised of 18 one-bedroom (25%) and 54 two-bedroom (75%) floorplans, offering an average of 680 square feet. Future ownership will have the opportunity to complete the proven renovation program and capitalize on rent premium based on the current market and achieved rents by similar properties in the immediate surrounding area.

Exclusively Listed By

Financing By

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