Courtesy of HomeSmart
Property 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.
Open House
Property Details and Features
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Property Access
- Road Surface: Asphalt
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Appliances & Equipment
- Free-Standing Range
- Disposal
- Dishwasher
- Refrigerator
- Free-Standing Gas Oven
- Microwave
- Washer/Dryer
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Bathrooms
- 24 total bathrooms
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Bedrooms
- 30 total bedrooms
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Building
- Built in 2022
- 2 buildings
- Construction Materials: Wood Frame, Stucco
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Community
- Barbecue
- No Pool
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Cooling
- Central Air
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Disclosures
- None
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Expenses
- Operating: $42,209
- Other Expense: $24,140
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Exterior Features
- Rain Gutters
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Floors
- Carpet
- Vinyl
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Heating
- Central
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Income
- Gross Income: $323,510
- Gross ScheduledIncome: $327,600
- Net Operating Income: $282,995
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Listing
- Listing ID: 6967933
- Standard Status: Active
- MLS Status: Active
- 213 days on market
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Location
- Subdivision: CAMPOBELLO
- County/Parish: Maricopa
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Lot
- Dimensions: The site measures approximately 186.85 feet along
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Owner Pays
- Trash Collection
- Water
- Sewer
- Landscaping
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Parking
- 24 open parking spaces
- 24 total parking spaces
- >1 Space Per Unit
- 1 Space/Unit
- On Street
-
Property
- New Construction
-
Roof
- Tile
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Schools
- Elementary School District: Paradise Valley Unified District
- High School District: Paradise Valley Unified District
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Security Features
- Security Light(s)
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Sewer
- Public Sewer
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Taxes
- Additional parcels description:
- Parcel Number: 214-03-072-B
- Public Survey Range: 3E
- Public Survey Section: 35
- Annual Amount: $18,069
- Tax Book Number: 214.00
- Legal Description: LOT 72 CAMPOBELLO MCR
- Lot: 72
- Parcel Letter: B
- Year: 2025
- Zoning: R-3
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Utilities
- Water Source: City Franchise
- APS
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This content last updated on September 5, 2026 12:43AM. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.