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

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

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.

More Information MLS# 6967933

Contract Info

Ownership: Fee Simple Current Price: $5,400,000 List Price: $5,400,000 Status: Active List Date: 2026-01-13

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 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

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 Year Built: 2022 Zoning: R-3

Legal Info

Range: 3E Section: 35 Township: 4N Lot Number: 72

Project Type

5 - 12 Units: 1

Construction

Wood Frame: 1

Const - Finish

Stucco: 1

Construction Status

New Construction: 1

Roofing

Tile: 1

Floors

Vinyl: 1 Carpet: 1

Sale Includes

Building(s) Only: 1 Land & Building: 1 Personal Property: 1 Laundry Equipment: 1

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: 1

Showing Notification Methods

Showing Service: No Showing Service Used Text: 1 Email: 1 Phone Call: 1

Lockbox Type

See Private Remarks: 1

Community Features

No Pool: 1 Barbecue: 1

Heating

Central: 1

Cooling

Central Air: 1

Exterior Amenities

Desert Landscaping: 1 Rain Gutters: 1 Curb(s) & Gutter(s): 1 Patio/Balcony: 1 Security Light(s): 1

Tenant Pays

Gas: 1 Electricity: 1

Appliances Included

Dishwasher: 1 Disposal: 1 Free-Standing Gas Oven: 1 Microwave: 1 Refrigerator: 1 Free-Standing Range: 1 Washer/Dryer: 1

Road Surface Type

Asphalt: 1

Source of Fincl Data

Owner: 1 Projected Proforma: 1

Road Responsibility

City Maintained Road: 1

Water Source

City Franchise: 1

Sewer

Sewer - Public: 1

Parking Features

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

Electric

APS: 1

Gas

SW Gas: 1

Owner Pays

Water: 1 Sewer: 1 Trash Collection: 1 Landscaping: 1

New Financing

Cash: 1 Cash to Loan: 1 Conventional: 1

Existing 1st Loan

Treat as Free&Clear: 1

Reports/Disclosures

None: 1

Environmental

None: 1

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

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. Geo Lat: 33.644579 Geo Lon: -112.013984

Income Expenses

Gross Annual Sch Inc: 327600 Net Operating Income: 282995

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