$3,189,000

Estimated payment $18,492/month

Total Views 3,242
-- Bed
-- Bath
-- Sq Ft
-- Price per Sq Ft

Highlights

  • Cooling Available
  • Heating unit installed on the ceiling
  • Vinyl Flooring
  • Phoenix Coding Academy Rated A

About This Home

Ideally situated in a prime Central Phoenix location, Camelback Court (''the property'') is a 16-unit multifamily community. Located on 21st Avenue just north of Camelback Road, the property is immediately east of ''The Largest Christian University in the World,'' Grand Canyon University (''GCU''), boasting an on-campus enrollment of ±25,000 students and ±6,970 employees. Its nearby proximity to Interstate 17 and the Valley Metro Light Rail, residents are afforded direct access to simple passage within desirable commute times to nearly any destination across The Valley. Some of those nearby destinations include a number of the most prominent employment and entertainment corridors in the state. The Innovation Employment Corridor, which runs down Central Avenue, presenting employment opportunities from some of the most prolific companies in Arizona such as Banner Health and IBM. Park Central is also in close proximity, home to healthcare innovators such as Dignity Health, St. Joseph's Medical Center, Barrow Neurological Institute as well as Creighton University.
Completed in 1965 and renovated in 2023, Camelback Court is comprised of 15 two-bedroom units (93%) and 1 one-bedroom unit (7%), offering an average of ±794 square feet. All unit interiors have been renovated with new stainless-steel appliances, cabinets, flooring, quartz countertops, washer/dryers, hardware and fixtures, and each unit has large. In addition, all units have their own large private back patios. The entire exterior of the property has been updated including all new HVACs, roofs, windows, and also new paint and landscaping in the common area community space.

Listing Agent

Paul Bay

Marcus & Millichap License #SA671037000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $8,314

Year Built

  • Built in 1965

Home Design

  • Composition Roof
  • Block Exterior

Parking

  • 5 Open Parking Spaces
  • 21 Parking Spaces
  • 16 Covered Spaces

Utilities

  • Cooling Available
  • Heating unit installed on the ceiling

Additional Features

  • Vinyl Flooring
  • Additional Parcels

Listing and Financial Details

  • The owner pays for water, sewer
  • Tax Lot 9
  • Assessor Parcel Number 153-25-012

Community Details

Overview

  • 4 Buildings
  • 16 Units
  • Building Dimensions are 1.06

Building Details

  • Operating Expense $84,976
  • Gross Income $260,811
  • Net Operating Income $176,944

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$8,314

Year Built

Built in 1965

Lot Details

0

Listing Details

  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 4
  • Ownership: Fee Simple
  • Year Built: 1965
  • Tax Year: 2025
  • Road Surface Type: Asphalt
  • Professional Management Expense: 10477.0
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Vinyl
  • Appliances: F/S Oven/Range, Microwave, Washer/Dryer
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Microwave2: Yes
  • Appliances Included:WasherDryer: Yes
  • Appliances Included:Refrigerator2: Yes
  • Appliances Included:Dishwasher2: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Painted, Block
  • Roof: Composition
  • Construction:Block: Yes

Garage/Parking

  • Total Covered Spaces: 16.0
  • Parking Features: >1 Space Per Unit
  • Attached Garage: No
  • Open Parking Spaces: 5.0
  • Total Parking Spaces: 21.0
  • General Property Description:Covered Parking Spcs: 16.0
  • General Property Description:Uncvrd Parking Spcs: 5.0
  • General Property Description:Total Parking Spcs: 21.0
  • Parking:_greater_1 Space Per Unit: Yes

Utilities

  • Electric: SRP
  • Cooling: Electric
  • Heating: Electric, Ceiling
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes
  • Heating:Ceiling: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Interior Amenities:Unfurnished: Yes

Lot Info

  • Lot Size: 1.06
  • Additional Parcels: Yes
  • Parcel #: 153-25-012

Multi Family

  • Owner Pays: Water, Sewer
  • Tenant Pays: Electricity
  • Number Of Units Total: 16
  • Electric Expense: 32604.0
  • Annual Gross Income: 260811.46
  • Insurance Expense: 8000.0
  • Maintenance Expense: 7200.0
  • Property Net Operating Income: 176944.0
  • Annual Operating Expense: 84976.0
  • Vacancy Allowance Rate: 0.06

Tax Info

  • Tax Annual Amount: 8314.0
  • Tax Book Number: 153.00
  • Tax Lot: 9

Map

Range of Values:

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Average Value
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Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $791 $5,506 $5,506 --
2024 $795 $5,243 $5,243 --
2023 $795 $17,920 $17,920 $0
2022 $782 $18,810 $18,810 $0
2021 $790 $12,800 $12,800 $0
2020 $759 $10,380 $10,380 $0
2019 $750 $8,420 $8,420 $0
2018 $692 $5,740 $5,740 $0
2017 $684 $5,340 $5,340 $0
2016 $655 $4,380 $4,380 $0
2015 $620 $3,380 $3,380 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/02/2025 03/02/25 For Sale $3,189,000 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

Deed History

Date Type Sale Price Title Company
Cash Sale Deed $985,000 American Title Svc Agency Ll
Warranty Deed $612,492 Pioneer Title Agency Inc
Special Warranty Deed $628,000 Magnus Title Agency
Warranty Deed -- First American Title Ins Co
Warranty Deed $495,000 First American Title Ins Co
Cash Sale Deed $375,000 First American Title Ins Co
Warranty Deed $1,000,000 Capital Title Agency Inc
Warranty Deed $535,000 Security Title Agency
Warranty Deed $49,999 --
Warranty Deed $375,000 Security Title Agency
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Previous Owner $452,492 Seller Take Back
Previous Owner $468,000 Seller Take Back
Previous Owner $360,000 Seller Take Back
Previous Owner $655,000 Commercial
Previous Owner $475,000 Commercial
Previous Owner $416,000 Commercial
Previous Owner $440,000 Seller Take Back
Previous Owner $325,000 Seller Take Back
Source: Public Records

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6828864

Arizona Regional Multiple Listing Service (ARMLS)

APN: 153-25-014