Fringe on 32nd

06-23-2022
07-05-2022

1822 N 32nd St, Phoenix, AZ 85008

  • Modern Home Quality Interior Improvements & Amenities
  • Minutes from Trendy Arcadia Lite & Biltmore Neighborhoods
  • Near Papago Golf Course (Home to ASU Golf)
  • Camelback Corridor Employment & Entertainment Minutes Away
  • Minutes from Outdoor Recreation; Papago Park, Phoenix Zoo, and Desert Botanical Garden
  • Quality Exterior Capital Improvements

Property Description

Fringe on 32nd is a 24-unit community built in two phases in 1981 but was fully renovated in 2022. It’s East Phoenix location benefits greatly and is just minutes from the Camelback Corridor, Biltmore, and Arcadia Lite neighborhoods, providing a unique Live-Work-Play lifestyle for its residents. Dining and Entertainment options are plentiful with hotspots such as La Grande Orange, Postino’s, The Porch, OHSO, The Henry, Hillstone, Buck & Rider, Breakfast Club, Blanco Tacos + Tequila and Steak 44 to name a few. Neighborhood employment is robust as highlighted by the Camelback Corridor which is home to over 26,000 high paying jobs, situated in 10M SF of Class A Office and Retail. World-class shopping is just minutes away highlighted by The Biltmore Fashion Park, a 534,430 square foot open-air mall anchored by Arizona’s only Saks Fifth Avenue, Macy’s, and a new Life Time Fitness. This true Live-Work-Play lifestyle has led to increased demand, with 100% occupancy levels and rental rates rising sharply as a result.
Fringe on 32nd was fully renovated and upgraded in 2022 with $1.1M in quality capital improvements to the unit interiors and exterior, greatly enhancing the property and resident living experience. Cosmetic interior improvements include modern white shaker cabinets with anodized bronze hardware, modern quartz countertops and backsplash, stainless steel under mount sinks with modern retractable faucets, new stainless-steel appliances including built in microwaves, dishwashers and smooth top ceramic cooking range. Additionally, new modern waterproof wood plank flooring throughout, 4” baseboards, modern single panel interior doors, double mirror sliding closets, new blinds, new modern recessed lighting and modern remote control dual draft ceiling fans. In the bathrooms, new white shaker vanity cabinets with marble countertops, modern faucets and fixtures, new shower tub and surrounds, low flow toilets, and modern recessed lighting fixtures. The final modern upgrade ownership added in each unit for residents to enjoy was a stackable washer and dryer. This improvement to add the washer/dryer which included running new electric, plumbing, and venting was fully permitted through the City of Phoenix.
Quality exterior capital improvements were made by ownership in which no detail was overlooked or expense spared further enhancing the communities curb appeal resulting in heightened potential resident interest. Full permits were obtained through the City of Phoenix and the entire building was completely gutted to studs with new drywall installed and all new pex and copper supply lines, ABS sewer lines, new electric meter packs/wiring/interior panels, new individual A.O. Smith 40 gallon water heaters, new roof mounted HVAC’s, new foam roofs, new dual pane windows, and new exterior doors. Additional improvements include artificial turf in the community gathering area, new mailboxes, new modern exterior doors and lock hardware, new modern exterior lighting package, elevated height covered parking, gated driveway, and a re-seal and re-stripe of parking lot. Final touches were added further enhancing the communities curb appeal which include new smooth stucco with full exterior two tone paint (body, trim, doors), attractive low maintenance desert landscape w/ native plants, and a new modern illuminated property sign that fronts 32nd Street.

Key Property Information

Listing Status
Available
Listing Type
Highest & best offer
Multifamily type
Garden Style
Price
$ 6,840,000
No. of Units
24
Year Built
1981
Year Renovated
2022
Building Size
15,988 Sq ft
Lot Size
30492 acres
No. of Stories
2
Opportunity Zone
No
Price per unit
$ 285,000
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