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Camelback Gardens 2101 W Colter St

26 Unit Apartment Building $5,700,000 ($219,231/Unit) 5.55% Cap Rate Phoenix, AZ 85015

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Executive Summary

Camelback Gardens Is A Fully Upgraded Gated Community With 26 Condo Mapped Apartment Homes. All Units Fully Updated with Premium Finishes Including Laminate Floors, Shaker Cabinets, Granite Countertops, Stainless Steel Appliances, Recessed Lighting, Modern Bathroom Vanities, Subway Tiled Shower Surrounds, Updated Ceiling Fans and Lighting Fixtures. All Units Have a Private Washer & Dryer. Located in an opportunity zone this complex features 10 single level 2 bed 2 bath units with 1118 sq ft and 16 two story units with 2 bed 1.5 baths with 1225 sq ft. The complex features a swimming pool in the center and is conveniently located to downtown, I-17 and the light rail. Camelback Gardens is 100% occupied. Drive-by Only, Do Not Disturb Tenants.

Camelback Gardens OM

Property Facts

Price	$5,700,000	Building Class	C
Price Per Unit	$219,231	Lot Size	1.50 AC
Sale Type	Investment	Building Size	30,673 SF
Cap Rate	5.55%	Average Occupancy	100%
No. Units	26	No. Stories	2
Property Type	Multifamily	Year Built/Renovated	1983/2018
Property Subtype	Apartment	Parking Ratio	1.17/1,000 SF
Apartment Style	Garden	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	$5,700,000
Price Per Unit	$219,231
Sale Type	Investment
Cap Rate	5.55%
No. Units	26
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Garden
Building Class	C
Lot Size	1.50 AC
Building Size	30,673 SF
Average Occupancy	100%
No. Stories	2
Year Built/Renovated	1983/2018
Parking Ratio	1.17/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.