2101 W Colter St
Phoenix, AZ 85015
Camelback Gardens · Multifamily Property For Sale · 26 Units

NEIGHBORHOOD PRIDE OF OWNERSHIP COMMUNITY Camelback Gardens boasts tremendous pride of ownership and excellent curb appeal on the corner of Colter Street and 21st Avenue. The community grounds have attractive mature landscaping with lush grass frontage and courtyards, providing a peaceful park-like setting for residents. Residents also enjoy the large pool deck and pool surrounded by a modern iron-mesh fence with intertwined with ivy. MODERN INTERIOR RENOVATIONS & AMENITIES Camelback Gardens was renovated in 2018 with over $1M in quality capital improvements to both the unit interiors and exterior enhancing the property operations, grounds, and common area amenities. The unit interiors were fully upgraded with premium finishes which include modern wood laminate floors, modern shaker cabinets, granite countertops, oversized stainless-steel sinks, gooseneck faucets, full sized stainless steel appliances including dishwashers and built-in microwaves. Recessed lighting, floating bathroom vanities in half bath and large modern vanities with dual sinks and mirrors in townhomes, subway tiled shower surrounds, modern dual flush toilets, modern ceiling fans and lighting fixtures, new blinds, all new screen front doors, hardware, doorbells. While all units have full size washer & dryers, select Townhome units house the washer & dryers in strategically placed full size laundry rooms off one of the two patios. QUALITY EXTERIOR IMPROVEMENTS & AMENITIES Exterior improvements and amenities include exterior paint, new pedestrian gates, a reseal and restripe of the parking lot, attractive new landscaping with new irrigation/desert rock/new plants. In the pool area, ownership resurfaced the pool decking, pool plaster, pool tiles and replaced the old pool fence with an iron-mesh pool fence intertwined with ivy. Within the courtyard, ownership installed a concrete table with built in barbecue and large cement pavers areas for outdoor games such as corn hole for residents to enjoy. In addition to all of the amenities listed above, the community is gated for both cars and pedestrians, providing an elevated sense of security and community for its residents. CENTRAL CORRIDOR & CAMELBACK CORRIDOR Camelback Gardens is just a 5-minute commute to the Central Corridor and 10-minute commute to the Camelback Corridor. These employment centers host a dynamic mix of premier office, high end retail and hospitality development serving as a focal point for business and entertainment activity in Phoenix. The Central Corridor is a vibrant infill location experiencing a residential revival that has led to unprecedented rental demand pushing West, directly into the Camelback Garden neighborhood. GRAND CANYON UNIVERSITY Camelback Gardens is just 2 blocks from the booming Grand Canyon University (GCU). The University’s 300-acre campus is in the middle of a $1 billion dollar investment in technologies, infrastructure, and expansion, providing a tremendous benefit to the local submarket through added employment, educational opportunities, and a sharp increase in rents and values. The campus enrollment in 2014 was 8,500 students and the 2018 enrollment has now surpassed 20,500 students. GCU’s 5-year forecast for enrollment is to grow to over 30,000 students and will expand the 300-acre campus to 400 acres. GCU’s rapid growth is dramatically changing the landscape of West Phoenix. LIGHT RAIL STATION MINUTES AWAY The Light Rail Station at Camelback & 19th Avenue provides a tremendous benefit to residents traveling to the Central Office Corridor, Downtown Phoenix, Sky Harbor International and Downtown Mesa and Tempe for work, school, and entertainment. Light Rail serves as an important link between communities and stimulates economic growth and revitalization along its path and around each stop. Over 14 million riders use this transportation, making it the 12th busiest light rail in the country. CONDO MAPPED COMMUNITY PROVIDES TREMENDOUS UPSIDE VIA INDIVIDUAL SALES Camelback Gardens is comprised of 26 individually parceled condominium units. New ownership is poised to reap the benefits of operating the property as an apartment community while both the condo and single family home markets continue to increase in value at a rapid pace, preserving the option to sell off the condos individually for a substantial gain in the future and providing multiple exit strategies for the disposition of the asset.