This Multifamily Property is Off-Market.

2930 W. Camelback Road
Phoenix, AZ 85017 ·

201 Units · Multifamily For Sale

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Camelback Vista

Price N/A Cap Rate 7.74%
No. Units 201 Gross Rent Multiplier 5.08
Building Size 95,610 SF No. Stories 2
Property Type Multifamily Year Built 1978
Property Sub-type Garden/Low-Rise Lot Size 4.68 AC
Property Use Type Investment
Listing ID: 16032658 Date Created: 12/18/2008 Last Updated: 07/29/2009

Description

Camelback Vista is a 201-unit apartment community with great street frontage on Camelback Road and is located just west of 27th Avenue. The property is nestled among mature landscaping on approximately 4.68 acres. Tenants select from studio and one bedroom / one bathroom floor plans. Community Amenities include two swimming pools and barbecue areas, as well as the basketball and tennis courts; giving residents the opportunity to enjoy a park-like setting. Additional amenities include covered parking, laundry facilities and security access gates.

Camelback Vista offers an investor the opportunity to purchase an under-performing asset with great street frontage along Camelback Road at a low price per unit.

Please contact listing agents regarding assumable financing.

Little Canyon Park and Cielito Park are in close proximity to the property and offer an area for fun and recreation. The Grand Canyon University is within one-half mile from the property and offers a wide array of educational programs. Major Employers in the area are Phoenix College, Phoenix Baptist Hospital, Wal-Mart, Shasta Industries and Blue Cross Blue Shield.

Highlights

  • Value Added Opportunity
  • Great Frontage on Camelback Road
  • Low Price per Unit - $33,955
  • 1978 Block Construction
  • Gated Community
  • Swimming Pools, Tennis and Basketball Courts

Research

2930 W. Camelback Road, Phoenix, AZ 85017 (Maricopa County)

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