Two-Bedroom Condominium
New
For Sale
$575,000
2300 E CAMPBELL Avenue 122, Phoenix, AZ 85016
The home features an open layout, hardwood floors, quartz countertops, and access to shared community amenities.
Property Size1,451 SF
Price / SF$396.28
Days on Market6
Property Features for 2300 E CAMPBELL Avenue 122
General Information
Standard status
Active
Size
1,451 SF
Total Parking Spaces
2
Property subtype
Apartment
Site & Location
Neighborhood
Camelback East
Units
Unit Mix
1 x 2BR/2.5BA
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$3,545
Amenities
heated pool
fitness studio
outdoor fireplace
gathering spaces
Building Details
Building Size
1,451 SF
Year Built
2017
Listing Agency:
Jason Mitchell Real Estate
Listed By:
Chris Illgen
(602) 430-6769
Source:
Jcluxuryresidential
Added: Oct 27
Changed: Oct 31
Last Checked: Oct 30 at 8:03PM
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 Jason Mitchell Real Estate
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Investment Insights
Based on property information with market context.
This 2017 condominium residence at Contour Condos in Phoenix offers 1,451 square feet, with two bedrooms and 2.5 bathrooms. Interior features include hardwood flooring, quartz countertops, sleek cabinetry, and bathrooms with dual vanities and walk-in rain showers. The home was painted in 2022 and includes two reserved underground parking spaces.
Community amenities include a heated pool, fitness studio, outdoor fireplace, and gathering areas. Biltmore Fashion Park, dining, shopping, and entertainment are minutes away.
Community amenities include a heated pool, fitness studio, outdoor fireplace, and gathering areas. Biltmore Fashion Park, dining, shopping, and entertainment are minutes away.
Key Highlights
- Two bedrooms and 2.5 bathrooms in 1,451 square feet
- Built in 2017 and painted in 2022
- Hardwood flooring, quartz countertops, and sleek cabinetry
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,924
Cap Rate
2.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$338,480
$338.5K
Cap Rate 7%
$241,771
$241.8K
Cap Rate 9%
$188,044
$188.0K
Market Conditions
NOI Build-Up for 1,451 SF
Gross rent
$32.7K $22.56/SF
− Vacancy
−$2.0K −$1.35/SF
EGI
$30.8K $21.21/SF
− OpEx
−$13.8K −$9.54/SF
NOI
$16.9K $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%
$338,480
Cap Rate 7%
$241,771
Cap Rate 9%
$188,044
Alternative Uses
Best Use
Apartment 5plus
$241.8K
$211.6K – $282.1K
NOI $16,924 @ 7.0% cap · market cap 2.94%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$439.5K
$384.6K – $512.8K
NOI $30,766 @ 7.0% cap · market cap 5.35%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
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 - The home features an open layout, hardwood floors, quartz countertops, and access to shared community amenities.
Where is this residential income property located?
The property is located at 2300 E CAMPBELL Avenue 122 Phoenix, AZ.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Two bedrooms and 2.5 bathrooms in 1,451 square feet; Built in 2017 and painted in 2022; Hardwood flooring, quartz countertops, and sleek cabinetry
