6535 N 17th Ave, Phoenix, AZ 85015 For Sale

Turnkey Rental Community with Operational Upside

• Current ownership invested $485K in major improvements primarily reinvested into curb appeal and resident experience

• The property has been renovated from a master metered, boiler/chiller property to individually metered with individual HVACs and hot water heaters

• 100% of units upgraded with granite countertops with undermount sinks, black or stainless steel appliances, and washers and dryers

• 60% of units boast modernized interiors featuring vinyl flooring and white shaker cabinets

• Management upside presents an opportunity to enhance NOI through professional management, optimized leasing, and expense controls

Well-maintained community offers a new investor operational recalibration, rather than heavy renovations, further supporting a true capital-light path to outsized returns

Thoughtfully Designed Boutique Community Poised for Enhanced Performance

• 95% two- and three- bedroom units, reduces submarket competition and increases retention for households seeking space

• Unique features in select units including large patios, oversized balconies, and townhome layouts with lofts further distinguishes the community

• Well-curated amenity package that fits the community’s scale, including a dedicated leasing office, green courtyards with covered BBQs, mature landscaping, and a community pool

One townhome layout with a loft design creates a residential atmosphere that differentiates the community from dense, commodity-style garden properties

Demand Drivers for Value Appreciation

• Located in the West Phoenix submarket, one of Phoenix MSA’s most densely populated trade areas, with nearly 435,133 residents and 280,416 jobs within five miles

• Situated off Interstate 17 (±185,511 VPD), centrally located in a strong, infill location, providing residents direct access to numerous area demand drivers, including the I-17 Corridor, Midtown, Downtown, and Camelback Corridors

• Transit-oriented community, half a mile from Glendale and 19th Ave light rail station, providing a long-term competitive advantage

• In Phoenix, the median HHI of $89K falls well short of the $132K needed to qualify for a median-priced home, driving even higher income households into the rental market, further supporting demand for the community’s large floorplans

• 50% of residents within three miles are renters, underscoring durable long-term rental demand

Phoenix is experiencing a historic wave of capital investment, highlighted by TSMC's $165B mega-facility and several supplier projects such as Amkor and ASM Semiconductor. Additionally, significant investments in the rapidly growing biomedical sector, including Mayo Clinic’s $1B expansion, are solidifying Phoenix as a national hub for high-wage job creation. This growth is further driving substantial secondary job creation across support industries, fueling broad-based economic expansion, and long-term housing demand.