Upgraded Residential Income
For Sale
$500,000
2300 E CAMPBELL Avenue 202, Phoenix, AZ 85016
2017 residence with custom cabinetry, hardwood flooring, and access to fitness, pool, and clubhouse amenities.
Property Size1,382 SF
Days on Market80
Property Features for 2300 E CAMPBELL Avenue 202
General Information
Standard status
Active
Size
1,382 SF
Property subtype
Apartment
Site & Location
Neighborhood
Camelback East
Additional Details
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,408
Amenities
fitness center
pool
clubhouse
roof top patio
fire pits
BBQs
gated covered parking
building security system
door key fobs
oversized patio
Building Details
Building Size
1,382 SF
Year Built
2017
Listing Agency:
Russ Lyon Sotheby's International Realty
Listed By:
Jennifer Schumacher · License #SA659792000
(480) 322-2593
Source:
Alexiabertsatos
Added: Aug 16
Changed: Oct 31
Last Checked: Nov 1 at 3:14PM
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 Russ Lyon Sotheby's International Realty
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Investment Insights
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Built in 2017, this upgraded residence combines a refined interior with practical storage and entertaining features. The kitchen includes upgraded appliances, customized cabinetry, and space for an under-counter microwave. Hardwood flooring, a newer sliding door, remote-controlled blinds, whole-house water filtration, and an oversized hot water heater add to the improvements. The primary suite includes a walk-in closet and dual vanities, while the 20 x 15 patio provides substantial outdoor space.
The property is situated in Phoenix’s Biltmore Area within a resort-style community offering a 2-story fitness center, pool, clubhouse, and rooftop patio with fire pits and BBQs. Additional community features include gated covered parking, a building security system, and door key fobs.
The property is situated in Phoenix’s Biltmore Area within a resort-style community offering a 2-story fitness center, pool, clubhouse, and rooftop patio with fire pits and BBQs. Additional community features include gated covered parking, a building security system, and door key fobs.
Key Highlights
- 2017 construction
- 20 x 15 oversized patio
- Kitchen with upgraded appliances and customized cabinetry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,119
Cap Rate
3.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$322,380
$322.4K
Cap Rate 7%
$230,271
$230.3K
Cap Rate 9%
$179,100
$179.1K
Market Conditions
NOI Build-Up for 1,382 SF
Gross rent
$31.2K $22.56/SF
− Vacancy
−$1.9K −$1.35/SF
EGI
$29.3K $21.21/SF
− OpEx
−$13.2K −$9.54/SF
NOI
$16.1K $11.66/SF
Area
Phoenix, AZ
Vacancy
6.00%
Lease Rate
$22.56 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$322,380
Cap Rate 7%
$230,271
Cap Rate 9%
$179,100
Alternative Uses
Best Use
Apartment 5plus
$230.3K
$201.5K – $268.7K
NOI $16,119 @ 7.0% cap · market cap 3.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$418.6K
$366.3K – $488.4K
NOI $29,303 @ 7.0% cap · market cap 5.86%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
4,095
Businesses Nearby
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Business Placement
Demographics for 85016, AZ
37,326
Population
21,363
Households
1.7
Avg Household Size
38
Median Age
50%
College-Educated
94%
High-School Grad
8.2 sq mi
ZIP Area
4,552
Density / Sq Mi
$85,085
Median Household Income
$53,781
Median Earnings
$1,575
Median Rent
$508,400
Median Home Value
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Frequently Asked Questions
What type of property is this?
Residential income property - 2017 residence with custom cabinetry, hardwood flooring, and access to fitness, pool, and clubhouse amenities.
Where is this residential income property located?
The property is located at 2300 E CAMPBELL Avenue 202 Phoenix, AZ.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: 2017 construction; 20 x 15 oversized patio; Kitchen with upgraded appliances and customized cabinetry
