317 N 17TH Drive, Phoenix, AZ 85007

$600,000
Property Type: Multiple Dwellings Bedrooms: 16 Baths: 8 Status: Closed
Current Price: $600,000 Last Modified: 8/28/2026

Overview

Description

Oakland Apartments is conveniently located close to downtown Phoenix, ASU campus and all downtown amenities! Here is a great opportunity to purchase 8 2 bed/1 bath units under a single roof. Great cash flow and many updates to the property include all A/C units replaced in 2017, roof approx 5 yrs old and 2 of the units have been improved in the last 2 years with an additional unit being remodeled now. Rear of property is large enough to create private secured parking. Excellent investment with low maintenance. Drive by only and do not disturb tenants.

Listing Details MLS# 6041768

Location, Tax & Legal

Map Code/Grid
Q34
House Number
317
Compass
N
Street Name
17TH
St Suffix
Drive
City/Town Code
Phoenix
State/Province
AZ
Zip Code
85007
Zip4
2458
Country
US
County Code
Maricopa
Subdivision
OAKLAND
Assessor Number
111-24-052
Tax Year
2019
Assessor's Map #
24
Legal Description (Abbrev)
LOT 6 BLOCK 4 OAKLAND MCR 000603
Assessor's Parcel #
52
Add'l Parcels
No
Tax Municipality
Maricopa - COUNTY
Census Tract
112900
Taxes
1967
Legal
LOT 6 BLOCK 4 OAKLAND MCR 000603
Marketing Name
Downtown 8 units

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
145 x 60
Year Built
1916
Total # of Units
8
# of Buildings
Yes
Zoning
R5
Elementary School District
Phoenix Elementary District
High School District
Phoenix Union High School District
Uncvrd Parking Spcs
0

Remarks Misc

Cross Street
15th Avenue & Van Buren
Directions
West on Van Buren; North on 17th Drive

Status Change Info

Off Market Date
2020-03-17
Under Contract Date
2020-03-16
Close of Escrow Date
2020-05-05

Legal Info

Township
1N
Range
3E
Section
6
Block
4
Lot Number
6

More Information

2 Bedroom Units

# 2 Bedroom Units
8
Avg Rent
700
Avg SqFt
646
# Baths
Yes

Structure

Bedrooms Total
16
Bathrooms Total
8

Income Expenses

Net Operating Income
32839.66

Contact Info

List Agent Home Phn
602-578-1169
List Agent Hme Phn 2
602-695-2900
List Agent Cell Phn2
602-695-2900

Sold Info

Loan Type
Carryback
Loan Years
Yes
Payment Type
Interest Only
Closing Cost Split
Normal - N
Buyer Concession $/%
$
Seller Concession $/%
$
Buyer Concession to Seller
0
Seller Concession to Buyer
0

Project Type

5 - 12 Units
Yes

Efficiency Units

Avg Rent
0

1 Bedroom Units

Avg Rent
0

3 Bedrooms Units

Avg Rent
0

4 Bedrooms Units

Avg Rent
0

Construction

Brick
Yes

Const - Finish

Painted
Yes
Stucco
Yes

Roofing

Composition
Yes

Floors

Ceramic Tile
Yes

Sale Includes

Land & Building
Yes

Income & Expenses

Annual Elec Exp
3600
Annual Gas Exp
0
Annual Ins Exp
2160
Annual Land Lse Exp
0
Annual Landscape Exp
360
Annual Legal & Acctg
418
Annual Maint Exp
2295.15
Annual Mgmt Exp
4472.87
Annual Trash Exp
2544
Annual Wtr/Swr Exp
3984
Owner Association
No
Annual Ownr Asoc Fee
0
Annual PAD Fee
0
Annual Rplcmnt Rsrvs
0
Annual Other Expense
0
Operating Exp
21801.02
Other Income
0
Vacancy Allowance
0
Adjusted Gross Inc
0
Total Monthly Rental Income
4972.38

Pmt & Rate Info

Cap Rate
4.98
Down Payment
0
Equity
660000
Down Payment %
0
Monthly Payments
0
Total Owed
0
Assessment Balance
0

Lockbox Type

None
Yes

Community Features

No Pool
Yes

Heating

Electric
Yes

Cooling

Electric
Yes

Tenant Pays

Electricity
Yes

Appliances Included

Refrigerator
Yes
Built-In Range
Yes

Road Surface Type

Concrete
Yes

Source of Fincl Data

Owner
Yes

Water Source

City Franchise
Yes

Sewer

Sewer - Public
Yes

Parking Features

>1 Space Per Unit
Yes

Electric

APS
Yes

Gas

None
Yes

Owner Pays

Water
Yes
Sewer
Yes
Electric
Yes
Trash Collection
Yes
Landscaping
Yes
See Remarks
Yes

New Financing

Conventional
Yes
Other (See Remarks)
Yes

Existing 1st Loan

Treat as Free&Clear
Yes

Existing 1st Loan Type

Not Applicable
Yes

Existing 1st Loan Terms

Not Applicable
Yes

Existing 2nd Loan

Treat as Free&Clear
Yes

Existing 2nd Loan Type

Not Applicable
Yes

Existing 2nd Loan Terms

Not Applicable
Yes

Existing 3rd Loan

Treat as Free&Clear
Yes

Existing 3rd Loan Type

Not Applicable
Yes

Reports/Disclosures

Seller Prop Disc Stm
Yes

Existing 3rd Loan Terms

Not Applicable
Yes

Environmental

None
Yes

Existing Othr Ln Trm

Not Applicable
Yes

Property Features

Project Type: 5 - 12 Units Construction: Brick Const - Finish: Painted; Stucco Roofing: Composition Floors: Ceramic Tile Sale Includes: Land & Building Community Features: No Pool Appliances Included: Built-In Range; Refrigerator Cooling: Electric Water Source: City Franchise Sewer: Sewer - Public Electric: APS Gas: None Parking Features: >1 Space Per Unit Road Surface Type: Concrete Owner Pays: Water; Electric; Trash Collection; Landscaping; See Remarks Tenant Pays: Electricity Source of Fincl Data: Owner Lockbox Type: None Existing 1st Loan: Treat as Free&Clear Existing 1st Loan Type: Not Applicable Existing 1st Loan Terms: Not Applicable Existing 2nd Loan: Treat as Free&Clear Existing 2nd Loan Type: Not Applicable Existing 2nd Loan Terms: Not Applicable Existing 3rd Loan: Treat as Free&Clear Existing 3rd Loan Type: Not Applicable Existing 3rd Loan Terms: Not Applicable Existing Othr Ln Trm: Not Applicable New Financing: Conventional; Other (See Remarks) Environmental: None
IDX
Listing Office: Keller Williams Realty Biltmore Partners
Last Updated: August - 28 - 2026
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