6702 N 17TH AVE Phoenix AZ 85015-1339

M O D E R N Q U A R T E R S is a 47-unit apartment community located less than two miles northeast of the Abrazo Central Campus hospital. As a point of pride for the area, the 221-bed teaching hospital features an award-winning staff of ±630 employees and specializes in cardiology, neurology, and women’s health. Additional employment opportunities are offered through the nearby Interstate-17 (I-17) Employment Corridor, boasting more than ±43,000 employees across ±1,200 businesses. The property is also positioned approximately two miles north of Christown Spectrum Mall - an iconic Phoenix retail center featuring Harkins Theaters, Walmart, and Target. Developed in 1979, Modern Quarters is comprised of complementary mix of one- and two-bedroom floor plans averaging ±724-square feet.Future ownership will have the opportunity to upgrade the 37 un-renovated units to include in-suite laundry with an expected premium of ±$100 per month.

individual metering for electricity, a unique characteristic for the property vintage. Ocotillo Estates presents a significant value-add opportunity with renovated comparable properties suggesting an average rent premium $200 above in-place market rents. The property is conveniently located one-half mile from the Glendale Avenue/19th Avenue Valley METRO Light Rail station and provides expedient access to the Interstate-17 (I-17) Employment Corridor, Abrazo Central Campus, and Metrocenter Mall redevelopment all within a one-mile radius.