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17444 N 32nd Plz
Phoenix, AZ 85032
Campo Bello Apartment Homes · Multifamily Property For Sale
·
12 Units
Investment Highlights
- New Class A construction (2022) with oversized 1,432 SF luxury floor plans
- Prime North Phoenix location minutes from SR-51, Loop 101 & major retail
- Fully occupied, low-maintenance boutique 12-unit community
- High-end interiors: stainless appliances, full-size washer/dryer, modern finishes
- Strong financial performance with 5.23% proforma cap rate & $282,295 NOI
Executive Summary
Campo Bello Apartments is a newly constructed, Class A 12-unit multifamily community built in 2022 and located in the highly desirable North Phoenix submarket. Desirable unit mix of 2 bedrooms/2 bathrooms and 3 bedrooms/2 bathrooms. The property offers strong operational performance with a 5.66% true 2025 cap rate.
Ideally positioned near Paradise Valley Community College and just minutes from State Route 51 and Loop 101, Campo Bello provides residents immediate access to top-tier retail, dining, employment corridors, parks, and walkable everyday conveniences. The location continues to command exceptional rental demand within one of Phoenix’s fastest-growing submarkets.
Each residence features high-end finishes including fully appointed designer kitchens with stainless steel appliances, full-size in-unit washer/dryer, easy-maintenance LVP flooring, modern bathrooms with full tub/shower combinations, and spacious two- and three-bedroom floor plans averaging 1,432 SF—a condo-like living experience rarely found in comparable rental product.
The property’s modern construction, efficient systems, and minimal deferred maintenance make Campo Bello a true turn-key investment with long-term durability and low operating expenses. Strong curb appeal, private patios in select units, large open-concept layouts, and best-in-class livability support continued rent growth and tenant retention.
Campo Bello represents a rare opportunity to acquire a newly built, stabilized, high-performing Class A multifamily asset in one of Phoenix’s most dynamic and accessible corridors. Full financials and OM available upon request.
Ideally positioned near Paradise Valley Community College and just minutes from State Route 51 and Loop 101, Campo Bello provides residents immediate access to top-tier retail, dining, employment corridors, parks, and walkable everyday conveniences. The location continues to command exceptional rental demand within one of Phoenix’s fastest-growing submarkets.
Each residence features high-end finishes including fully appointed designer kitchens with stainless steel appliances, full-size in-unit washer/dryer, easy-maintenance LVP flooring, modern bathrooms with full tub/shower combinations, and spacious two- and three-bedroom floor plans averaging 1,432 SF—a condo-like living experience rarely found in comparable rental product.
The property’s modern construction, efficient systems, and minimal deferred maintenance make Campo Bello a true turn-key investment with long-term durability and low operating expenses. Strong curb appeal, private patios in select units, large open-concept layouts, and best-in-class livability support continued rent growth and tenant retention.
Campo Bello represents a rare opportunity to acquire a newly built, stabilized, high-performing Class A multifamily asset in one of Phoenix’s most dynamic and accessible corridors. Full financials and OM available upon request.
Property Facts
| Price Per Unit | $592,616 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.82 AC |
| Cap Rate | 5.66% | Building Size | 17,184 SF |
| No. Units | 12 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2022 |
| Property Subtype | Apartment | Parking Ratio | 1.4/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R-3 | ||
| Price Per Unit | $592,616 CAD |
| Sale Type | Investment |
| Cap Rate | 5.66% |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.82 AC |
| Building Size | 17,184 SF |
| No. Stories | 2 |
| Year Built | 2022 |
| Parking Ratio | 1.4/1,000 SF |
| Zoning | R-3 |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Ceiling Fans
- Ice Maker
- Oven
- Carpet
- Built-In Bookshelves
- Dining Room
- Family Room
- Freezer
- Handrails
- Pantry
- Patio
- Porch
- Quartz Countertops
Site Amenities
- 24 Hour Access
- Private Bathroom
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 6 | $3,068 CAD | 1,336 |
| 3+2 | 6 | $3,277 CAD | 1,528 |
Property Taxes
| Parcel Number | 214-03-072B | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $244,620 CAD |
Property Taxes
Parcel Number
214-03-072B
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$244,620 CAD
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