17444 N 32ND Street, Phoenix, AZ 85032
$5,400,000
Property Type:
Multiple Dwellings
Status:
Active
Current Price:
$5,400,000
Last Modified:
1/14/2026
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 5.23% proforma cap rate and projected NOI of $282,295. 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
- House Number
- 17444
- Compass
- N
- Street Name
- 32ND
- St Suffix
- Street
- City/Town Code
- Phoenix
- State/Province
- AZ
- Zip Code
- 85032
- Zip4
- 2198
- County Code
- Maricopa
- Subdivision
- CAMPOBELLO
- Assessor Number
- 214-03-072-B
- Tax Year
- 2025
- 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
- Lot Size Dimensions
- The site measures approximately 186.85 feet along
- Year Built
- 2022
- Uncvrd Parking Spcs
- 24
- Total # of Units
- 12
- # of Buildings
- 2
- Zoning
- R-3
- Elementary School District
- Paradise Valley Unified District
- High School District
- Paradise Valley Unified District
Remarks Misc
- Cross Street
- N 32nd Street & Bell Rd
- Directions
- From Loop 101, take the 32nd Street exit, head south on N 32nd Street, and the property at 17444 N 32nd Street will be on your right-hand side.
Legal Info
- Township
- 4N
- Range
- 3E
- Section
- 35
- Lot Number
- 72
Income Expenses
- Gross Annual Sch Inc
- 327600
- Net Operating Income
- 282995
More Information
Showing Notification Methods
- Showing Service
- No Showing Service Used
- Text
- Yes
- Yes
- Phone Call
- Yes
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
Project Type
- 5 - 12 Units
- Yes
Construction
- Wood Frame
- Yes
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
- 5.24
- Equity
- 5400000
- Down Payment %
- 20
- Monthly Payments
- 15000
- Total Owed
- 0
Payment Includes
- Interest
- 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
4 Bedrooms Units
- Avg Rent
- 0
Property Features
Project Type:
5 - 12 Units
Construction:
Wood Frame
Const - Finish:
Stucco
Construction Status:
New Construction
Roofing:
Tile
Floors:
Vinyl; Carpet
Sale Includes:
Building(s) Only; Land & Building; Personal Property; Laundry Equipment
Payment Includes:
Interest
Community Features:
No Pool; Barbecue
Exterior Amenities:
Desert Landscaping; Rain Gutters; Curb(s) & Gutter(s); Patio/Balcony; Security Light(s)
Appliances Included:
Free-Standing Gas Oven; Free-Standing Range; Refrigerator; Dishwasher; Disposal; Microwave; Washer/Dryer
Heating:
Central
Cooling:
Central Air
Water Source:
City Franchise
Sewer:
Sewer - Public
Electric:
APS
Gas:
SW Gas
Parking Features:
On Street; 1 Space/Unit; >1 Space Per Unit
Road Surface Type:
Asphalt
Road Responsibility:
City Maintained Road
Owner Pays:
Water; Trash Collection; Landscaping
Tenant Pays:
Electricity; Gas
Source of Fincl Data:
Owner; Projected Proforma
Showing Notification Methods:
Text; Email; Phone Call
Lockbox Type:
See Private Remarks
Existing 1st Loan:
Treat as Free&Clear
New Financing:
Cash; Cash to Loan; Conventional
Environmental:
None
Documents
Offering Memorandum ›
Listing Office:
HomeSmart
Last Updated: January - 14 - 2026
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