Historical Multifamily Sale Listing - Nueva Vista

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Nueva Vista

9423 N. 17th Ave., Phoenix, AZ 85021

N/A

72 Units | Multifamily

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Multifamily Property - Off Market

Price:
N/A
No. Units:
72
Building Size:
52,200 SF
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Property Use Type:
Investment
No. Stories:
3
Year Built:
1984
Lot Size:
1.67 AC
APN / Parcel ID:
158-23-018A
Listing ID
18100444
Last Updated
17 days ago

Highlights

  • Please visit the team website to execute the confidentiality agreement for a full marketing package
  • Recent exterior upgrades include exterior paint, landscaping, controlled gated entry with PIN-pad and security camera system
  • Newly remodeled interiors include new hard surface flooring, resurfaced counter tops, refinished cabinetry and new appliances in select units
  • Located within blocks of the scheduled Metro Light Rail Northwest Extension
  • Major employment generators in the area include John C. Lincoln Hospital, Sheraton-Crescent, CIGNA Healthcare, Blue Cross & Blue Shield and Macy' s

Description

Nueva Vista is a three-story community built in 1984, comprising 72 rental units. The unit mix is 25% one-bedroom and 75% two-bedroom units. Construction is of wood frames and painted stucco, with flat built-up roofs. Heating and cooling is provided by individual roof-mounted air conditioning units. The property is individually-metered for electricity, and the costs associated with usage inside the dwelling units is the responsibility of the residents. The cost of water, sewer charges, and trash collection is the responsibility of the property owner.

Common amenities include a swimming pool, controlled gated entry, an on-site laundry facility, outdoor barbeque areas, and 110 parking spaces for residents and guests. Unit amenities include gas stoves, microwave ovens, dishwasher, and cable TV hook-ups. Nueva Vista has newly remodeled interiors which include new hard surface flooring, resurfaced counter tops, newly refinished cabinetry and new appliances in select units.

The six buildings of Nueva Vista are constructed on a rectangular site comprising approximately 1.67 acres, at a density of 43 units per acre.

Nueva Vista is located at 9423 N. 17th Avenue, in Phoenix, Arizona. It is situated one block east of 19th Avenue, a major thoroughfare running through Phoenix. The property is less than two miles east of I-17 Freeway and the Metrocenter Mall, placing residents within easy distance to big-box anchors including Macy' s, Sears, and Harkins Theater. Employment opportunities are highly concentrated in the immediate area of I-17 Freeway. John C. Lincoln North Mountain Hospital, employing more than 2,000 healthcare professionals, is located 1.5 miles east, offering additional employment opportunities to Nueva Vista' s residents.

Nueva Vista is also convenient to public transportation, with bus service provided along 19th Avenue. The scheduled Metro Light Rail Northwest Extension is set to pass within blocks of the subject property, along 19th Avenue. Proximity to light rail has historically been shown to improve property values as it encourages redevelopment and gentrification of the surrounding areas. The area immediately surrounding Nueva Vista is comprised of a wide range of property uses, but is primarily residential in composition.

Map of 9423 N. 17th Ave., Phoenix, AZ 85021 (Maricopa County)

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