4401 N 23rd Ave., Phoenix, AZ 85015

23rd AVE is a 12-unit apartment community located less than two miles northwest of Phoenix's most prestigious employment hotspot, the Innovation Corridor. As a point of pride for the area, the corridor is comprised of midtown and downtown Phoenix, and boasts more than ±171,000 employees across ±1,700 businesses. The property is also positioned approximately two miles southwest of Christown Spectrum Mall - an iconic Phoenix retail center featuring Harkins Theaters, Walmart, and Target. Developed in 1961, 23rd Ave is comprised of complementary mix of one- and two-bedroom floor plans averaging ±630-square-feet. Future ownership will have the opportunity to bring all units up to market rent burning through the in-place loss-to-lease and to add a RUBS or utility recapture for domestic water,