Listed by S.J. Fowler Real Estate, Inc.
$3,180,000
Biltmore Area-12 Individual Condos
Details
APN Multiple
Property Type Multifamily
Sub Type Apartment Building, Single Family Rental Portfolio
Square Footage 10,268
Net Rentable (SqFt) 10,268
Units 12
NOI $162,875
Occupancy 100%
Tenancy Single
Broker Co-Op True
Class B
Year Built 1973
Buildings 2
Stories 1
Zoning Rental Residential
Parking Spaces 12 per key
Ownership Fee Simple
Biltmore-Adjacent Condo Portfolio | 12 Units | $265,000/unit
Marketing description
Biltmore-Adjacent Condo Portfolio in One of Phoenix's Most Desirable Submarkets
- Positioned at 16th Street and Campbell Avenue, this portfolio presents a rare opportunity to acquire 12 well located 2-bedroom, 2-bath condominium units in the heart of Phoenix's prestigious Biltmore corridor. Located just a short walk from the Arizona Biltmore and surrounded by premier shopping, dining, golf and outdoor recreation, the property offers investors a highly desirable location with enduring tenant appeal.
Offering 12 Individual Condominiums
- The offering consists of 11 units with 2-bedrooms and 2-bathrooms at approximately 852 square feet each in the 85016 zip code, along with (1) additional 2-bedroom, 2-bath unit measuring 896 square feet in the 85015 zip code. The unit mix provides efficient, functional convenience, comfort, and access to one of Phoenix's most recognized lifestyle destinations.
Professional Managed HOA
- Residents benefit from a professionally managed HOA that handles many of the day to day operational burdens typically associated with condominium ownership, including exterior maintenance, roof repairs, sewer service, trash collection, and common area upkeep. This structure supports a more passive ownership experience while helping preserve the community's overall presentation and livability.
Additional Amenities
- Additional community amenities, including a pool and landscaped common areas, enhance the resident experience and support tenant satisfaction and retention. Combined with the property's prime Biltmore-area location, these features create a compelling investment opportunity in a market where lifestyle, convenience, and prestige continue to drive demand.
Investment highlights
Package Offering of Condos - Adjacent to the Biltmore - What Is The Biltmore Area Known For?
- The Biltmore area is one of Phoenix's most prestigious and affluent neighborhoods, known for it's resort-influenced lifestyle, upscale amenities, and prime location between 24th and 32nd Streets just north of Camelback Road. It's recognized as of the city's wealthiest neighborhoods with a "posh" reputation that blends luxury residential living with world-class hospitality.
Iconic Arizona Biltmore Resort
- The crown jewel of the area is the historic Arizona Biltmore Hotel & Resort, which features distinctive architecture, seven pools, two championship 18-hole golf courses and multiple fine dining venues. The resort serves as both a local landmark and social hub, offering bars, restaurants, seasonal events, and hotel amenities that create a resort adjacent lifestyle for area residents.
Upscale Shopping & Dining
- Biltmore Fashion Park provides world class shopping with high end boutiques and retail options. The Camelback corridor offers an array of dining experiences ranging from Power lunch spots to classic steakhouses and weekend date night venues, all contributing to a refined, dining-forward lifestyle.
Outdoor Recreation & Natural Beauty
- The area offers exceptional outdoor access with Piestewa Peak providing hiking trails and panoramic desert views. Camelback Mountain is nearby, adding to the dramatic natural backdrop that defines the Phoenix desert landscape. The combination of manicured golf courses and rugged mountain peaks creates a unique visual contrast.
Luxury Real Estate & Resort Lifestyle
- The Biltmore features diverse housing from sprawling mansions to modern condominiums and established townhome communities like those on E Campbell Ave. Tree-lined streets, well maintained landscapes, and proximity to boutique fitness studios, hotel events, and social clubs support the area's polished, resort influenced daily rhythm.
Listing Contacts
Listed by S.J. Fowler Real Estate, Inc.
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$162,875.00
$13,572.92/mo
Valuation Metrics
0
DSCR
5.12%
Cap Rate
5.12%
ROI
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