Camelback Village Apartments | 2936 N 30th St
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Camelback Village Apartments 2936 N 30th St
31 Unit Apartment Building $6,500,000 ($209,677/Unit) 5.43% Cap Rate Phoenix, AZ 85016
Executive Summary
Ideally situated in the vibrant heart of Central Phoenix, Camelback Village (“the property’) benefits from a central location amidst the dynamic live, work, and play the area has to offer. Conveniently positioned along 30th Street, the property boasts a remarkably brief commute to major employment hubs and ease of access to primary thoroughfares to reach any destinations across The Valley. In addition, Camelback Village is surrounded by an array of distinctive high-end retail and dining establishments synonymous with the Biltmore and Arcadia neighborhoods. The 44th Street Gateway Corridor and Phoenix Sky Harbor International Airport Area are both within a mere two and a half miles, while the Innovation Corridor along Central Avenue and the influential Biltmore Employment Corridor, where names such as Cisco and Charles Schwab are stationed. Together, the Innovation and Biltmore Corridors showcase over ±117,000 employees and ±3,300 employers.
Originally developed in 1970, the property's unit mix features a desirable blend of one studio (±3%) and spacious one-bedroom (±77%) and two-bedroom (±20%) floorplans covering an average of ±678 square feet. Current ownership has spent over $1.7M in capital expense upgrading building systems, interiors, and the exterior/community. Each unit's interior has been completely renovated with new stainless-steel appliances, quartz countertops, cabinets, flooring, fixtures and hardware and with in-suite laundry.
Originally developed in 1970, the property's unit mix features a desirable blend of one studio (±3%) and spacious one-bedroom (±77%) and two-bedroom (±20%) floorplans covering an average of ±678 square feet. Current ownership has spent over $1.7M in capital expense upgrading building systems, interiors, and the exterior/community. Each unit's interior has been completely renovated with new stainless-steel appliances, quartz countertops, cabinets, flooring, fixtures and hardware and with in-suite laundry.
Data Room Click Here to Access
- Offering Memorandum
Property Facts
Price | $6,500,000 | Building Class | C |
Price Per Unit | $209,677 | Lot Size | 0.85 AC |
Sale Type | Investment | Building Size | 20,720 SF |
Cap Rate | 5.43% | Average Occupancy | 100% |
No. Units | 31 | No. Stories | 2 |
Property Type | Multifamily | Year Built | 1970 |
Property Subtype | Apartment | Parking Ratio | 1.45/1,000 SF |
Apartment Style | Garden |
Price | $6,500,000 |
Price Per Unit | $209,677 |
Sale Type | Investment |
Cap Rate | 5.43% |
No. Units | 31 |
Property Type | Multifamily |
Property Subtype | Apartment |
Apartment Style | Garden |
Building Class | C |
Lot Size | 0.85 AC |
Building Size | 20,720 SF |
Average Occupancy | 100% |
No. Stories | 2 |
Year Built | 1970 |
Parking Ratio | 1.45/1,000 SF |
Unit Amenities
- Washer/Dryer
- Heating
- Ceiling Fans
- Kitchen
- Granite Countertops
- Refrigerator
- Oven
- Stainless Steel Appliances
- Walk-In Closets
- Island Kitchen
Site Amenities
- Pool
- Gated
- Cabana
- Grill
Unit Mix Information
Description | No. Units | Avg. Rent/Mo | SF |
---|---|---|---|
Studios | 1 | - | 325 |
1+1 | 24 | - | 398 - 580 |
2+1 | 6 | - | 795 |
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Walk Score ®
Very Walkable (80)
PROPERTY TAXES
Parcel Number | 119-11-089E | Improvements Assessment | $0 |
Land Assessment | $0 | Total Assessment | $113,626 |
PROPERTY TAXES
Parcel Number
119-11-089E
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$113,626
zoning
Zoning Code | M-H |
M-H |
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Camelback Village Apartments | 2936 N 30th St
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