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Multifamily

The Campbell

4450 N Longview Ave, Phoenix, AZ 85014

Listing Price: $1,275,000

Cap Rate
5.12%
Number of Units
5
Price/Unit
$255,000
Price/Gross SF
$448.94
Gross SF
2,840

Investment Overview

T H E C A M P B E L L is a 5-unit apartment community located southwest of the intersection of Campbell Avenue & Longview Avenue offering a dynamic collection of Central Phoenix live-work-play opportunities. Positioned one-mile west of the Biltmore | Camelback Corridor, residents have immediate access to a high-profile finance professional core, inclusive of employers such as Charles Schwab, Fennemore Craig, Northern Trust and Humana. The Campbell also is adjacent to the Camelback Colonnade and Shops at Town & Country - collectively over one million square feet of retail space with anchors such as Whole Foods, Trader Joe's, Fry's Marketplace, Nordstrom's Rack and Craft Eateries including Pizzeria Bianco, Snooze AM Eatery and The Macintosh. Developed in 1961 and restored in 2021, The Campbell is comprised of one-bedroom floorplans averaging ±568 square feet. Future ownership will have the opportunity to upgrade the interiors in 4 legacy units, as well as add patios and yard enclosures for each unit, to capitalize on the rent premiums being obtained in similar properties.

Investment Highlights

  • Primely located between the Camelback Corridor (Biltmore) and Innovation Corridor (Midtown) employment corridors.
  • Value-add opportunity to complete interior renovations, add large private patios/yards, and stabilize with premium rents already proven in the submarket.
  • Property is currently vacant. Opportunity for incoming ownership to execute on a rapid interior renovation program.

Exclusively Listed By

Multifamily

The Campbell

Listing Price: $1,275,000

Cap Rate
5.12%
Number of Units
5
Price/Unit
$255,000
Price/Gross SF
$448.94
Gross SF
2,840

Investment Highlights

  • Primely located between the Camelback Corridor (Biltmore) and Innovation Corridor (Midtown) employment corridors.
  • Value-add opportunity to complete interior renovations, add large private patios/yards, and stabilize with premium rents already proven in the submarket.
  • Property is currently vacant. Opportunity for incoming ownership to execute on a rapid interior renovation program.

Investment Overview

T H E C A M P B E L L is a 5-unit apartment community located southwest of the intersection of Campbell Avenue & Longview Avenue offering a dynamic collection of Central Phoenix live-work-play opportunities. Positioned one-mile west of the Biltmore | Camelback Corridor, residents have immediate access to a high-profile finance professional core, inclusive of employers such as Charles Schwab, Fennemore Craig, Northern Trust and Humana. The Campbell also is adjacent to the Camelback Colonnade and Shops at Town & Country - collectively over one million square feet of retail space with anchors such as Whole Foods, Trader Joe's, Fry's Marketplace, Nordstrom's Rack and Craft Eateries including Pizzeria Bianco, Snooze AM Eatery and The Macintosh. Developed in 1961 and restored in 2021, The Campbell is comprised of one-bedroom floorplans averaging ±568 square feet. Future ownership will have the opportunity to upgrade the interiors in 4 legacy units, as well as add patios and yard enclosures for each unit, to capitalize on the rent premiums being obtained in similar properties.

Exclusively Listed By

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