$5,400,000
Phoenix, AZ 85032
MLS# 6967933
1 / 24
Property Description
Campo Bello Apartments is a newly constructed (2022), Class A 12-unit multifamily community located in the highly desirable North Phoenix submarket. The property features an attractive mix of 2-bed/2-bath and 3-bed/2-bath units and delivers strong performance with a 5.23% proforma cap rate and projected NOI of $282,295. Ideally positioned near Paradise Valley Community College with quick access to SR-51 and Loop 101, residents enjoy proximity to major employment centers, retail, dining, and parks. Units offer designer kitchens with stainless steel appliances, in-unit washer/dryer, LVP flooring, modern baths, and spacious floor plans averaging 1,432 SF. Modern construction and minimal deferred maintenance make Campo Bello a true turn-key investment with long-term durability.
Details
Maps
Documents
Contract Info
Ownership: Fee Simple
Current Price: $5,400,000
List Price: $5,400,000
Status: Active
List Date: 2026-01-13
Location, Tax & Legal
Assessor's Map #: 3
Legal Description (Abbrev): LOT 72 CAMPOBELLO MCR
Assessor's Parcel #: 72
Assessor Parcel Ltr: B
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 619500
Taxes: 18069
Legal: LOT 72 CAMPOBELLO MCR
Marketing Name: Campo Bello Apartments
House Number: 17444
Compass: N
Street Name: 32ND
St Suffix: Street
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85032
Zip4: 2198
County Code: Maricopa
Subdivision: CAMPOBELLO
Assessor Number: 214-03-072-B
Tax Year: 2025
General Property Description
# of Buildings: 2
Uncvrd Parking Spcs: 24
Lot Size Dimensions: The site measures approximately 186.85 feet along
Total # of Units: 12
Elementary School District: Paradise Valley Unified District
High School District: Paradise Valley Unified District
Year Built: 2022
Zoning: R-3
Legal Info
Range: 3E
Section: 35
Township: 4N
Lot Number: 72
Project Type
5 - 12 Units: 1
Construction
Wood Frame: 1
Const - Finish
Stucco: 1
Construction Status
New Construction: 1
Roofing
Tile: 1
Floors
Vinyl: 1
Carpet: 1
Sale Includes
Building(s) Only: 1
Land & Building: 1
Personal Property: 1
Laundry Equipment: 1
Income & Expenses
Owner Association: No
Annual Ownr Asoc Fee: 0
Annual Other Expense: 24140
Operating Exp: 42209
Other Income: 16560
Vacancy Allowance: 0.06
Adjusted Gross Inc: 323510.4
Pmt & Rate Info
Cap Rate: 5.24
Equity: 5400000
Down Payment %: 20
Monthly Payments: 15000
Total Owed: 0
Payment Includes
Interest: 1
Showing Notification Methods
Showing Service: No Showing Service Used
Text: 1
Email: 1
Phone Call: 1
Lockbox Type
See Private Remarks: 1
Community Features
No Pool: 1
Barbecue: 1
Heating
Central: 1
Cooling
Central Air: 1
Exterior Amenities
Desert Landscaping: 1
Rain Gutters: 1
Curb(s) & Gutter(s): 1
Patio/Balcony: 1
Security Light(s): 1
Tenant Pays
Gas: 1
Electricity: 1
Appliances Included
Dishwasher: 1
Disposal: 1
Free-Standing Gas Oven: 1
Microwave: 1
Refrigerator: 1
Free-Standing Range: 1
Washer/Dryer: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Projected Proforma: 1
Road Responsibility
City Maintained Road: 1
Water Source
City Franchise: 1
Sewer
Sewer - Public: 1
Parking Features
On Street: 1
1 Space/Unit: 1
>1 Space Per Unit: 1
Electric
APS: 1
Gas
SW Gas: 1
Owner Pays
Water: 1
Sewer: 1
Trash Collection: 1
Landscaping: 1
New Financing
Cash: 1
Cash to Loan: 1
Conventional: 1
Existing 1st Loan
Treat as Free&Clear: 1
Reports/Disclosures
None: 1
Environmental
None: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
Avg Rent: 0
2 Bedroom Units
# 2 Bedroom Units: 6
Avg Rent: 2200
Avg SqFt: 1336
# Baths: 2
3 Bedrooms Units
# 3 Bedroom Units: 6
Avg Rent: 2350
Avg SqFt: 1528
# Baths: 2
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Cross Street: N 32nd Street & Bell Rd
Directions: From Loop 101, take the 32nd Street exit, head south on N 32nd Street, and the property at 17444 N 32nd Street will be on your right-hand side.
Geo Lat: 33.644579
Geo Lon: -112.013984
Income Expenses
Gross Annual Sch Inc: 327600
Net Operating Income: 282995
Property Features
Project Type: 5 - 12 Units
Construction: Wood Frame
Const - Finish: Stucco
Construction Status: New Construction
Roofing: Tile
Floors: Vinyl; Carpet
Sale Includes: Building(s) Only; Land & Building; Personal Property; Laundry Equipment
Payment Includes: Interest
Community Features: No Pool; Barbecue
Exterior Amenities: Desert Landscaping; Rain Gutters; Curb(s) & Gutter(s); Patio/Balcony; Security Light(s)
Appliances Included: Free-Standing Gas Oven; Free-Standing Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer
Heating: Central
Cooling: Central Air
Water Source: City Franchise
Sewer: Sewer - Public
Electric: APS
Gas: SW Gas
Parking Features: On Street; 1 Space/Unit; >1 Space Per Unit
Road Surface Type: Asphalt
Road Responsibility: City Maintained Road
Owner Pays: Water; Trash Collection; Landscaping
Tenant Pays: Electricity; Gas
Source of Fincl Data: Owner; Projected Proforma
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: See Private Remarks
Existing 1st Loan: Treat as Free&Clear
New Financing: Cash; Cash to Loan; Conventional
Environmental: None
Offering Memorandum 
Listing Office: HomeSmart
Last Updated: January - 14 - 2026
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