$4,995,000
NEW CONSTRUCTION $405K PRICE DROP

Estimated payment $28,485/month

Total Views 4,539
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

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

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 5.66% actual true cap rate. 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

Parking

  • 24 Open Parking Spaces
  • 24 Parking Spaces
  • Parking Available
  • On-Street Parking

Outdoor Features

  • Patio
  • Rain Gutters

Additional Features

  • Desert Landscape
  • Central Heating and Cooling System

Listing and Financial Details

  • The owner pays for water, sewer, trash collection, landscaping
  • 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 Sq Ft Lot

Listing Details

  • Cross Street: N 32nd Street & Bell Rd
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 2022
  • Tax Year: 2025
  • Road Surface Type: Asphalt
  • Subdivision Name: CAMPOBELLO
  • New Construction: Yes
  • Tax Parcel Letter: B
  • Const - Finish:Const - Finish: Stucco
  • Cooling:Cooling: Central Air
  • Road Surface Type:Road Surface Type: Asphalt
  • Electric:Electric: APS
  • Sale Includes:Sale Includes: Building(s) Only, Land & Building, Personal Property, Laundry Equipment
  • Special Features: NewHome
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances: Free-Standing Range, Refrigerator, Dishwasher, Disposal, Microwave, Washer/Dryer, Free-Standing Gas Oven

Exterior Features

  • Exterior Features: Rain Gutters
  • Disclosures: None
  • Construction Type: Wood Frame, Stucco
  • Property Condition: New Construction
  • Roof: Tile
  • Exterior Amenities: Curb(s) & Gutter(s), Desert Landscaping, Patio/Balcony, Security Light(s), Rain Gutters

Garage/Parking

  • Parking Features: 1 Space/Unit, On Street, >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 24.0
  • Total Parking Spaces: 24.0
  • Parking Features:Parking Features: 1 Space/Unit, On Street, >1 Space Per Unit

Utilities

  • Electric: APS
  • Cooling: Central Air
  • Heating: Central
  • Security: Security Light(s)
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Gas:Gas: SW Gas

Condo/Co-op/Association

  • Community Features: No Pool, Barbecue

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: Water, Sewer, Trash Collection, Landscaping
  • Tenant Pays: Electricity, Gas
  • 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: 214.0
  • Tax Lot: 72

Map

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

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

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
06/17/2026 06/17/26 Price Changed $4,995,000 -2.1% --
05/18/2026 05/18/26 Price Changed $5,100,000 0.0% --
05/18/2026 05/18/26 For Sale $5,100,000 -3.8% --
04/25/2026 04/25/26 Off Market $5,300,000 -- --
04/15/2026 04/15/26 Price Changed $5,300,000 -1.9% --
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)
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