$5,400,000
NEW CONSTRUCTION

Estimated payment $29,547/month

Total Views 888
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • New Construction
  • Community Barbecue Grill
  • Carpet
  • Paradise Valley High School Rated A
  • Central Heating and Cooling System

About This Home

Campo Bello Apartments is a newly constructed (2022), Class A 12-unit multifamily community located in the highly desirable North Phoenix submarket. The property features an attractive mix of 2-bed/2-bath and 3-bed/2-bath units and delivers strong performance with a 5.23% proforma cap rate and projected NOI of $282,295. Ideally positioned near Paradise Valley Community College with quick access to SR-51 and Loop 101, residents enjoy proximity to major employment centers, retail, dining, and parks. Units offer designer kitchens with stainless steel appliances, in-unit washer/dryer, LVP flooring, modern baths, and spacious floor plans averaging 1,432 SF. Modern construction and minimal deferred maintenance make Campo Bello a true turn-key investment with long-term durability.

Listing Agent

Collin Corsmeier

HomeSmart License #SA694454000 Listed on: 01/13/2026

HomeSmart

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $18,069

Year Built

  • Built in 2022 | New Construction

Home Design

  • Wood Frame Construction
  • Tile Roof
  • Stucco

Flooring

  • Carpet
  • Vinyl

Parking

  • 24 Open Parking Spaces
  • 24 Parking Spaces
  • Over 1 Space Per Unit
  • On-Street Parking

Utilities

  • Central Heating and Cooling System

Listing and Financial Details

  • Tax Lot 72
  • Assessor Parcel Number 214-03-072-B

Community Details

Overview

  • 2 Buildings
  • 12 Units
  • Building Dimensions are The site measures approximately 186.85 feet along
  • Campobello Subdivision

Amenities

  • Community Barbecue Grill

Building Details

  • Operating Expense $42,209
  • Gross Income $323,510
  • Net Operating Income $282,995

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$18,069

Year Built

Built in 2022 | New Construction

Lot Details

0

Listing Details

  • Cross Street: N 32nd Street & Bell Rd
  • Legal Info Range: 3E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 2022
  • Tax Year: 2025
  • Subdivision Name: CAMPOBELLO
  • New Construction: Yes
  • Tax Parcel Letter: B
  • Cooling:Central Air: Yes
  • Construction:Wood Frame: Yes
  • Water Source City Franchise2: Yes
  • Special Features: NewHome
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Vinyl
  • Appliances: Free-Standing Range, Disposal, Dishwasher, Refrigerator, Free-Standing Gas Oven, Microwave, Washer/Dryer
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes
  • Appliances Included:Disposal2: Yes
  • Community Features:Barbecue: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Wood Frame, Stucco
  • Property Condition: New Construction
  • Roof: Tile

Garage/Parking

  • Parking Features: >1 Space Per Unit, 1 Space/Unit, On Street
  • Attached Garage: No
  • Open Parking Spaces: 24.0
  • Total Parking Spaces: 24.0
  • General Property Description:Uncvrd Parking Spcs: 24.0
  • General Property Description:Total Parking Spcs: 24.0
  • Parking Features >1 Space Per Unit: Yes
  • Parking Features Street Parking: Yes

Utilities

  • Electric: APS
  • Cooling: Central Air
  • Heating: Central
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Central: Yes

Condo/Co-op/Association

  • Community Features: Barbecue, No Pool

Association/Amenities

  • Exterior Amenities:PatioBalcony: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Exterior Amenities:Desert Landscaping: Yes

Schools

  • Junior High Dist: Paradise Valley Unified District

Lot Info

  • Lot Size: The site measures approximately 186.85 feet along
  • Additional Parcels: No
  • Parcel #: 214-03-072-B

Multi Family

  • Owner Pays: Trash Collection, Water, Sewer, Landscaping
  • Number Of Units Total: 12
  • Annual Gross Income: 323510.4
  • Property Net Operating Income: 282995.0
  • Annual Operating Expense: 42209.0
  • Vacancy Allowance Rate: 0.06

Tax Info

  • Tax Annual Amount: 18069.0
  • Tax Book Number: 214.00
  • Tax Lot: 72

Map

Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $18,069 $176,806 -- --
2024 $11,622 $168,387 -- --
2023 $11,622 $189,760 $31,790 $157,970
2022 $1,233 $20,175 $20,175 $0
2021 $1,237 $20,205 $20,205 $0
2020 $1,198 $17,565 $17,565 $0
2019 $1,379 $15,220 $3,040 $12,180
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
01/13/2026 01/13/26 For Sale $5,400,000 +2600.0% --
08/12/2016 08/12/16 Sold $200,000 -18.4% $137 / Sq Ft View Prior Sale
05/27/2016 05/27/16 Pending -- -- --
05/12/2016 05/12/16 Price Changed $245,000 -15.5% $168 / Sq Ft
04/08/2016 04/08/16 Price Changed $290,000 -10.8% $199 / Sq Ft
03/19/2016 03/19/16 Price Changed $325,000 -13.3% $223 / Sq Ft
02/29/2016 02/29/16 For Sale $375,000 -- $258 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6967933

Arizona Regional Multiple Listing Service (ARMLS)