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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.

Data Room Click Here to Access

Property Facts

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
Walk Score ®
Very Walkable (80)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
119-11-089E
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$113,626

zoning

Zoning Code M-H
M-H
  • Listing ID: 32759625

  • Date on Market: 8/10/2024

  • Last Updated:

  • Address: 2936 N 30th St, Phoenix, AZ 85016

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