Log In/Sign Up
Your email has been sent.
Phoenix West 4323 N 27th Ave 120 Unit Apartment Building $11,400,000 ($95,000/Unit) Phoenix, AZ 85017
Investment Highlights
- 120 Units, Originally Built in 1974
- Located Near Grand Canyon University & Easy Access to Major Transportation Corridors (I-17, I-10, & US-60 Freeways)
- Offered All Cash / New Loan
- Unit Mix Consists of Studio (46.7%), One-Bedroom (52.5%), & Two-Bedroom (0.8%) Unit Types
- Master Metered for Electricity, Heating, Cooling, & Domestic Hot Water
- Available Individually or With the Adjacent Radius Apartments, 72 Units
Executive Summary
The Phoenix West Apartments is a 120-unit apartment community nestled in the developing West submarket of Phoenix, AZ. This property is located just south of West Camelback Road, located approximately one-mile from the high-growth economic driver that is Grand Canyon University. The ease of connectivity to the entirety of Phoenix through State Route 60, Interstate-17, and the major thoroughfare of Camelback Road places this property in a prime position to navigate to the entirety of the Phoenix valley and all it has to offer.
As of most recent Fall 2025 enrollment data projecting onto Spring 2026 , Grand Canyon University boasts a growing student body consisting of roughly 25,000 students on campus and 108,000 students online, totaling over 133,000 across all its program offerings with 17,000 students living within on-campus housing across 33 residence halls. Grand Canyon University has invested $480 million into the university thus far to improve the quality of academic offerings and student experience and is looking to spend more than $1 billion to develop its campus facilities along 33rd Avenue and Camelback Road into an impressive 400-acre complex.
The Phoenix West Apartments was built in 1974 and comprises 120 dwelling units spread across 10 two-story buildings featuring a masonry with stucco construction exterior and pitched composition shingle roofing. The community spans across an approximate 2.28 acres of land, offering a mix of 56 studio units, 63 one-bedroom units, and one two-bedroom averaging at 388 square feet. The property is master metered for electricity, heating, cooling, and domestic hot water. Interior amenities include air conditioning / heating, refrigerator, oven / stove, vinyl wood flooring, and high-speed internet access. Community amenities include on-site rental office, pool, central courtyard, on-site laundry facility, & fully gated entry
Available individually or with the adjacent Radius Apartments (72 units).
As of most recent Fall 2025 enrollment data projecting onto Spring 2026 , Grand Canyon University boasts a growing student body consisting of roughly 25,000 students on campus and 108,000 students online, totaling over 133,000 across all its program offerings with 17,000 students living within on-campus housing across 33 residence halls. Grand Canyon University has invested $480 million into the university thus far to improve the quality of academic offerings and student experience and is looking to spend more than $1 billion to develop its campus facilities along 33rd Avenue and Camelback Road into an impressive 400-acre complex.
The Phoenix West Apartments was built in 1974 and comprises 120 dwelling units spread across 10 two-story buildings featuring a masonry with stucco construction exterior and pitched composition shingle roofing. The community spans across an approximate 2.28 acres of land, offering a mix of 56 studio units, 63 one-bedroom units, and one two-bedroom averaging at 388 square feet. The property is master metered for electricity, heating, cooling, and domestic hot water. Interior amenities include air conditioning / heating, refrigerator, oven / stove, vinyl wood flooring, and high-speed internet access. Community amenities include on-site rental office, pool, central courtyard, on-site laundry facility, & fully gated entry
Available individually or with the adjacent Radius Apartments (72 units).
Financial Summary (Pro Forma - 2026) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Pro Forma - 2026) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $11,400,000 | Building Class | C |
| Price Per Unit | $95,000 | Lot Size | 2.28 AC |
| Sale Type | Investment | Building Size | 46,610 SF |
| No. Units | 120 | Average Occupancy | 92% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1974 |
| Apartment Style | Low-Rise | Parking Ratio | 3.8/1,000 SF |
| Zoning | R-5 | ||
| Price | $11,400,000 |
| Price Per Unit | $95,000 |
| Sale Type | Investment |
| No. Units | 120 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 2.28 AC |
| Building Size | 46,610 SF |
| Average Occupancy | 92% |
| No. Stories | 2 |
| Year Built | 1974 |
| Parking Ratio | 3.8/1,000 SF |
| Zoning | R-5 |
Amenities
Unit Amenities
- Air Conditioning
- Cable Ready
- Heating
- Kitchen
- High Speed Internet Access
- Oven
- Range
- Tub/Shower
- Dining Room
- Vinyl Flooring
- Window Coverings
Site Amenities
- Controlled Access
- Property Manager on Site
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 56 | - | 315 |
| 1+1 | 63 | - | 450 |
| 2+1 | 1 | - | 620 |
1 1
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 (2025) | |
| Land Assessment | $5,753 (2025) | Total Assessment | $328,514 (2025) |
Property Taxes
Parcel Numbers
Land Assessment
$5,753 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$328,514 (2025)
1 of 7
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Phoenix West | 4323 N 27th Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.