1718 E Campbell Avenue Unit Multi#, Phoenix, AZ 85016
- $2,915,000
- 22
- BD
- 22
- BA
- List Price
- $2,915,000
- Status
- ACTIVE
- Price Change
- ▼ $265,000 1787890387
- Days on Market
- 114
- MLS#
- 7030971
- City
- Phoenix
- Bedrooms
- 22
- Bathrooms
- 22
- Year Built
- 1973
Property Description
Positioned at 16th St & Campbell Avenue, this portfolio presents a rare opportunity to acquire 11 well located 2-bedroom, 2-bathroom condominium units in the heart of Phoenix's prestigious Biltmore corridor. Located just a short walk from the AZ Biltmore and surrounded by premier shopping, dining, golf, and outdoor recreation, the property offers investors a highly desirable location w/enduring tenant appeal. *The offering consists of 10 units w/2-beds, 2-baths w/852 sf in the 85016 zip code, along w (1) additional 2-bed, 2-bath unit w/896 sf in the 85015 zip code. Residents benefit from a professionally managed HOA that handles the exterior maintenance, roof repairs, sewer service, trash collection and common area maintenance. Inquire within for the ''Offering Memorandum''. OWNER WILL CARRY AT 4.50% INTEREST."
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Additional Information
- Taxes
- $512
- Net Operating Income
- $149,328
- Cap Rate
- 4.7
- Units
- 11
- Flooring
- Ceramic Tile
- Parking Features
- <1 Space Per Unit, Assigned
- Construction
- Block, Painted
- Roofing
- Composition
- Cooling
- Central Air, Electric
- Heating
- Electric
- Zoning
- Rental Resident
- Subdivision
- Madison Park Gardens South
- Community Features
- Pool
- Electric
- Individual Meter, SRP
- Water
- City Franchise
- Sewer
- See Remarks
- Tenant Pays
- Water, Electricity, Gas
- New Financing
- Conventional, Other (See Remarks), Owner May Carry, Cash
- Elementary School
- Madison #1 Elementary School
Courtesy of Better Homes & Gardens Real Estate SJ Fowler. 480-649-3536
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