10609-23 N 17TH Drive, Phoenix, AZ 85029

$1,200,000

Property Type: Multiple Dwellings Bedrooms: 14 Baths: 7 Status: Closed

Current Price: $1,200,000 Last Modified: 10/15/2026

Overview

Description

10609-23 N 17th Drive, is a 7 unit multifamily opportunity located in the North Mountain Submarket. This asset features 100% 2 bedroom, 1 bathroom units, ranging from 728-1,000 sq. ft. in size. The property has been well maintained and upgraded over the roughly 25-year history of ownership, with further value-add upside for the next investor through continued upgrades on select units. This true pride of ownership asset sits near the base of North Mountain, near prominent economic drivers such as the I-17 employment corridor and $1 Billion redevelopment of the Metrocenter. CONTACT AGENT FOR COPY OF THE OFFERING MEMORANDUM

Listing Details MLS# 6708043

Location, Tax & Legal

House Number: 10609-23
Compass: N
Street Name: 17TH
St Suffix: Drive
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85029
Zip4: 5778
Country: US
County Code: Maricopa
Subdivision: DESERT COVE EXTENSION RESUB LOTS 26,27,28
Assessor Number: 159-13-069-A
Tax Year: 2023

Contract Info

Ownership: Fee Simple

General Property Description

Lot Size Dimensions: 22147
Year Built: 1954
Uncvrd Parking Spcs: 9
Total # of Units: 7
# of Buildings: 2
Zoning: Multifamily
Elementary School District: Washington Elementary District
High School District: Glendale Union High School District

Status Change Info

Off Market Date: 2024-10-09
Under Contract Date: 2024-10-06
Close of Escrow Date: 2024-11-06

Legal Info

Township: 3N
Range: 3E
Section: 19
Lot Number: 2

More Information

2 Bedroom Units

# 2 Bedroom Units: 7
Avg Rent: 1104
Avg SqFt: 781
# Baths: Yes

Structure

Bedrooms Total: 14
Bathrooms Total: 7

Income Expenses

Gross Annual Sch Inc: 92700
Net Operating Income: 78898

Showing Notification Methods

Showing Service: Aligned Showings

Sold Info

Loan Type: Cash
Payment Type: Other
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $

Property Features

Project Type: 5 - 12 Units Construction: Block Const - Finish: Painted Roofing: Composition Floors: Ceramic Tile Sale Includes: Land & Building Community Features: No Pool Appliances Included: Refrigerator; Dishwasher; Disposal; Microwave; W/D Hookup; Other Heating: Individual Cooling: Individual Water Source: City Franchise Sewer: Sewer - Public Electric: APS Gas: SW Gas Parking Features: Carport; On Street Road Surface Type: Asphalt Owner Pays: Water; Trash Collection Tenant Pays: Electricity; Gas Source of Fincl Data: Owner Lockbox Type: None New Financing: Cash; Conventional Environmental: None

Listing Office: Matthews Real Estate Investment Services

Office Phone: 310-388-0788

Office Email: david.harrington@matthews.com

Last Updated: October - 15 - 2026