6730 North 17th Avenue, Phoenix, AZ, 85021, US

Forte Apartments

Asset Description

JLL is pleased to introduce Forte Apartments, a 21-unit garden-style apartment community located in a desirable Central Phoenix neighborhood. This charming low maintenance community shows great pride of ownership with a retro mid-century modern design highlighted with galvanized metal accents. The property was built in 1969 and extensively renovated in 2019. Interior units feature premium finishes including white frameless cabinetry with brushed nickel hardware, butcherblock countertops, vinyl plank flooring, stainless steel appliances and in suite washer/dryers. The property is comprised of majority two-bedroom/two-bathroom floor plans that average 950 square feet.

Forte Apartments is located within the 19North submarket, within close proximity to the Phoenix Metro Light Rail exciting amenities, renowned schools and is situated near some of the highest demographic neighborhoods within the Phoenix MSA. Forte Apartments

provides a compelling investment opportunity to buy a recently renovated asset within an affordable submarket that is well positioned for future rental increases.

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Attributes

Asking price

NT$131,820,000

Number of units

Year built

1969

Year renovated

2019

Media

Investment Highlights

Pride of Ownership Community with a Mid-Century Modern Design within a Rapidly Evolving Submarket
Majority Two-Bedroom, Two-Bathroom Floor Plans that Average ~950 Square Feet with Oversized Patios
Fully Renovated Interiors with Premium Contemporary Finish Levels
Within Walking Distance to the Metro Light Rail Transit Center at 19th and Montebello Avenues
Low Maintenance Asset Providing Ease of Management to an Out-of-State Investor
Proximity to Abrazo Central Campus a 221-Bed Acute Care and Teaching Hospital, Christown Spectrum Mall with Anchor Tenants including Walmart and Target