Class A Stabilized 12-Unit
For Sale
$4,995,000
17444 North 32nd Street, Phoenix, AZ 85032
New 2022 Class A community with 12 fully stabilized units, designer kitchens, in-unit laundry, and modern finishes.
Property SizeContact for details
Days on Market238
Property Features for 17444 North 32nd Street
General Information
Standard status
Active
Class
Class A
Property subtype
Multiple Dwellings
Zoning
R-3
Net Operating Income
$282,995
Financials
Cap Rate
5.66%
Business Included
Yes
Additional Details
Multifamily Units
12
Taxes and HOA fees
Annual Taxes
$18,069
Amenities
Central Air
Central
Carpet, Vinyl
Yes
30
24
Tile
Rain Gutters
Security Light(s)
Barbecue, No Pool
2
12
Wood Frame, Stucco
Building Details
Year Built
2022
Tenancy
Multi
Listing Agency:
HomeSmart
Listed By:
Collin Corsmeier · License #SA694454000
(714) 855-2644
Source:
Compass
Added: Jan 13
Changed: Aug 31
Last Checked: Sep 7 at 11:34AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of HomeSmart
Investment Insights
Based on property information with market context.
Campo Bello Apartments is a newly constructed, Class A multifamily community completed in 2022. The property is a fully stabilized 12-unit boutique asset featuring modern design and high-end, low-maintenance finishes. Residences are configured as oversized two- and three-bedroom floor plans averaging ±1,432 square feet, offering a more condo-like layout within a rental setting. Interiors include fully appointed designer kitchens with full-size stainless steel appliances, including a refrigerator, dishwasher, and in-unit washer and dryer. Bathrooms feature combo tub/shower designs for everyday comfort.
Located in North Phoenix, Campo Bello is positioned near Paradise Valley Community College and just minutes from State Route 51 and Loop 101. The community is situated just west of State Route 51, with access to nearby walkable grocery, parks, and everyday conveniences.
For investors or operators seeking a turn-key, stabilized apartment acquisition, Campo Bello’s 2022 construction and efficient, modern systems are designed to support straightforward management. The current performance is supported by a 2025 cap rate of 5.66%, ending the year at $288,781 net, aligning with buyers looking for an established operating profile in a newer Class A boutique format.
Located in North Phoenix, Campo Bello is positioned near Paradise Valley Community College and just minutes from State Route 51 and Loop 101. The community is situated just west of State Route 51, with access to nearby walkable grocery, parks, and everyday conveniences.
For investors or operators seeking a turn-key, stabilized apartment acquisition, Campo Bello’s 2022 construction and efficient, modern systems are designed to support straightforward management. The current performance is supported by a 2025 cap rate of 5.66%, ending the year at $288,781 net, aligning with buyers looking for an established operating profile in a newer Class A boutique format.
Key Highlights
- Newly built 12‑unit Class A multifamily community (year built 2023, built in 2022) with stabilized operations
- Stated 2025 cap rate of 5.66%, ending the year at $288,781 net
- Oversized 2- and 3‑bedroom floor plans averaging ±1,432 SF
Property Analytics
Property Profile
Current Use
Lease Details
12
Residential units
Multi-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
824
Businesses Nearby
Explore this area
Business Placement
Demographics for 85032, AZ
68,710
Population
30,386
Households
2.3
Avg Household Size
38
Median Age
34%
College-Educated
89%
High-School Grad
12.4 sq mi
ZIP Area
5,541
Density / Sq Mi
$74,331
Median Household Income
$44,790
Median Earnings
$1,492
Median Rent
$387,900
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Apartment building - New 2022 Class A community with 12 fully stabilized units, designer kitchens, in-unit laundry, and modern finishes.
Where is this apartment building located?
The property is located at 17444 North 32nd Street Phoenix, AZ.
What is the asking price?
The asking price for this property is $4,995,000.
What are key features of this property?
This property features: Newly built 12‑unit Class A multifamily community (year built 2023, built in 2022) with stabilized operations; Stated 2025 cap rate of 5.66%, ending the year at $288,781 net; Oversized 2- and 3‑bedroom floor plans averaging ±1,432 SF
