Campo Bello Apartments - 12 Units - Class A Multifamily
100% Leased | Class A Multi-Family | 5.66% CAP Rate 2025
Marketing description
Campo Bello Apartments is a newly constructed, Class A, fully stabilized 12-unit multifamily community built in 2022 and located in the dynamic heart of North Phoenix. This rare boutique asset represents a prime investment opportunity, featuring high-end construction, modern design, and strong operational performance with a 2025 cap rate of 5.66% ending the year at $288,781 net.
Ideally positioned near Paradise Valley Community College and just minutes from State Route 51 and Loop 101, Campo Bello offers residents effortless access to the region’s premier retail, dining, and employment corridors. Surrounded by walkable grocery, parks, and everyday conveniences, the property combines modern comfort with a highly desirable location that continues to command exceptional rental demand within the North Phoenix submarket.
Strategically situated just west of State Route 51, Campo Bello stands out as one of the few new Class A boutique assets in the area, offering oversized two- and three-bedroom floor plans averaging ±1,432 square feet—providing a true condo-like living experience rarely found in comparable rental properties. These spacious layouts create a lasting competitive advantage for both residents seeking quality and investors seeking durability and long-term performance.
Each residence showcases a fully appointed designer kitchen with full-size stainless steel appliances, including a refrigerator, dishwasher, and in-unit washer and dryer. Bathrooms feature combo tub/shower designs, blending form and function for everyday comfort. The property’s modern construction standards, efficient systems, and low-maintenance finishes make it an ideal turn-key investment that offers ease of management and minimal ongoing capital requirements.
With its unbeatable connectivity, best-in-class living spaces, and strong tenant retention, Campo Bello Apartments represents a rare opportunity to acquire a newly built, high-performing multifamily asset in one of Phoenix’s fastest-growing and most accessible corridors.
Investment highlights
Prime North Phoenix Location: Ideally situated just west of State Route 51 and minutes from Loop 101, Campo Bello offers effortless access to Paradise Valley Community College, Fry’s Marketplace, and premier retail and dining destinations in Desert Ridge and Scottsdale Quarter.
Strong Financial Performance: Stabilized, Class A construction property delivering a 2025 cap rate of 5.66% with a 2025 NOI of $288,781, highlighting both income stability and long-term appreciation potential.
New Construction & Fully Occupied: Built in 2022, this boutique 12-unit community offers turn-key operations, minimal maintenance requirements, and consistent occupancy in one of Phoenix’s most desirable rental corridors.
Oversized Luxury Floor Plans: Spacious two- and three-bedroom residences averaging ±1,432 square feet provide a rare, condo-style living experience that stands out from competitive rental properties in the market.
High-End Interior Finishes: Each unit features full-size stainless-steel appliances, including refrigerator, dishwasher, and in-unit washer & dryer, complemented by modern combo tub/shower bathrooms and premium fixtures throughout.
Low-Maintenance Operations: Energy-efficient systems, durable finishes, and desert landscaping minimize operating expenses, providing ease of management and reduced ownership overhead.
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