6535 N 17th Ave, Phoenix, AZ 85015

This turnkey rental community has benefited from a $485K investment in major improvements, primarily focused on enhancing curb appeal and resident experience. The property has been upgraded from a master metered, boiler/chiller system to individually metered units with individual HVACs and hot water heaters. All units feature granite countertops with undermount sinks, black or stainless steel appliances, and washers and dryers. Sixty percent of the units have modernized interiors with vinyl flooring and white shaker cabinets. Management upside offers the opportunity to enhance NOI through professional management, optimized leasing, and expense controls. The well-maintained community allows for operational recalibration rather than heavy renovations. Ninety-five percent of the units are two- and three-bedroom configurations. Select units include large patios, oversized balconies, and townhome layouts with lofts. Amenities include a dedicated leasing office, green courtyards with covered BBQs, mature landscaping, and a community pool. Located in the West Phoenix submarket, the property is situated off Interstate 17 and is half a mile from Glendale and 19th Ave light rail station. The location provides residents direct access to the I-17 Corridor, Midtown, Downtown, and Camelback Corridors. The property is located in a densely populated trade area with nearly 435,133 residents and 280,416 jobs within five miles. The property's large floorplans are well-suited to the area's rental demand.