17444 N 32ND Street, Phoenix, AZ 85032 (MLS# 6967933)

17444 N 32ND Street, Phoenix, AZ 85032

$5,100,000

Property Type: Multiple Dwellings Status: Active

Current Price: $5,100,000 Last Modified: 5/18/2026

Overview

Description

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 Details MLS# 6967933

Location, Tax & Legal

Assessor's Map #: 3
Legal Description (Abbrev): LOT 72 CAMPOBELLO MCR
Assessor's Parcel #: 72
Assessor Parcel Ltr: B
Add'l Parcels: No
Tax Municipality: Phoenix
Census Tract: 619500
Taxes: 18069
Legal: LOT 72 CAMPOBELLO MCR
Marketing Name: Campo Bello Apartments

Contract Info

Ownership: Fee Simple

General Property Description

# of Buildings: 2
Uncvrd Parking Spcs: 24
Lot Size Dimensions: The site measures approximately 186.85 feet along
Total # of Units: 12
Elementary School District: Paradise Valley Unified District
High School District: Paradise Valley Unified District

Legal Info

Range: 3E
Section: 35

Project Type

5 - 12 Units: Yes

Construction

Wood Frame: Yes

More Information

Const - Finish

Stucco: Yes

Construction Status

New Construction: Yes

Roofing

Tile: Yes

Floors

Vinyl: Yes
Carpet: Yes

Sale Includes

Building(s) Only: Yes
Land & Building: Yes
Personal Property: Yes
Laundry Equipment: Yes

Income & Expenses

Owner Association: No
Annual Ownr Asoc Fee: 0
Annual Other Expense: 24140
Operating Exp: 42209
Other Income: 16560
Vacancy Allowance: 0.06
Adjusted Gross Inc: 323510.4

Pmt & Rate Info

Cap Rate: 5.34
Equity: 5300000
Down Payment %: 20
Monthly Payments: 15000
Total Owed: 0

Payment Includes

Interest: Yes

Showing Notification Methods

Showing Service: No Showing Service Used
Text: Yes
Email: Yes
Phone Call: Yes

Lockbox Type

See Private Remarks: Yes

Community Features

No Pool: Yes
Barbecue: Yes

Heating

Central: Yes

Cooling

Central Air: Yes

Exterior Amenities

Desert Landscaping: Yes
Rain Gutters: Yes
Curb(s) & Gutter(s): Yes
Patio/Balcony: Yes
Security Light(s): Yes

Tenant Pays

Gas: Yes
Electricity: Yes

Appliances Included

Dishwasher: Yes
Disposal: Yes
Free-Standing Gas Oven: Yes
Microwave: Yes
Refrigerator: Yes
Free-Standing Range: Yes
Washer/Dryer: Yes

Road Surface Type

Asphalt: Yes

Source of Fincl Data

Owner: Yes
Projected Proforma: Yes

Road Responsibility

City Maintained Road: Yes

Water Source

City Franchise: Yes

Sewer

Sewer - Public: Yes

Parking Features

On Street: Yes
1 Space/Unit: Yes
>1 Space Per Unit: Yes

Electric

APS: Yes

Gas

SW Gas: Yes

Owner Pays

Water: Yes
Sewer: Yes
Trash Collection: Yes
Landscaping: Yes

New Financing

Cash: Yes
Cash to Loan: Yes
Conventional: Yes

Existing 1st Loan

Treat as Free&Clear: Yes

Reports/Disclosures

None: Yes

Environmental

None: Yes

Efficiency Units

Avg Rent: 0

1 Bedroom Units

Avg Rent: 0

2 Bedroom Units

# 2 Bedroom Units: 6
Avg Rent: 2200
Avg SqFt: 1336
# Baths: 2

3 Bedrooms Units

# 3 Bedroom Units: 6
Avg Rent: 2350
Avg SqFt: 1528
# Baths: 2

4 Bedrooms Units

Avg Rent: 0

Documents

Offering Memorandum ›

Listing Office: HomeSmart

Last Updated: May - 18 - 2026

17444 N 32ND Street, Phoenix, AZ 85032 (MLS# 6967933)