$2,915,000
Phoenix, AZ 85016
MLS# 7030971
22 beds | 22 baths
1 / 15
Property Description
*OWNER WILL FINANCE AT 4.25%, 7.5 YEAR BALLOON. ASK FOR DETAILS* Positioned at 16th St & Campbell Avenue, this portfolio presents a rare opportunity to acquire 11 well located 2-bedroom, 2-bathroom condominium units in the heart of Phoenix's prestigious Biltmore corridor. Located just a short walk from the AZ Biltmore and surrounded by premier shopping, dining, golf, and outdoor recreation, the property offers investors a highly desirable location w/enduring tenant appeal. *The offering consists of 10 units w/2-beds, 2-baths w/852 sf in the 85016 zip code, along w (1) additional 2-bed, 2-bath unit w/896 sf in the 85015 zip code. Residents benefit from a professionally managed HOA that handles the exterior maintenance, roof repairs, sewer service, trash collection & common area maintenance
Details
Documents
Contract Info
Current Price: $2,915,000
List Price: $2,915,000
Status: Active
List Date: 2026-05-20
Ownership: Fee Simple
Location, Tax & Legal
House Number: 1718
Compass: E
Street Name: Campbell
St Suffix: Avenue
City/Town Code: Phoenix
State/Province: AZ
Zip Code: 85016
Zip4: 5462
Country: US
County Code: Maricopa
Subdivision: MADISON PARK GARDENS SOUTH
Assessor Number: 163-26-069
Tax Year: 2025
General Property Description
Lot Size Dimensions: Multiple-12 Individual Condos (Inquire w/Lister)
Year Built: 1973
Total # of Units: 11
# of Buildings: 2
Zoning: Rental Resident
Flood Zone: No
Elementary School District: Madison Elementary District
High School District: Phoenix Union High School District
Elementary School: Madison #1 Elementary School
Legal Info
Township: 2N
Range: 3E
Section: 22
Lot Number: 32
2 Bedroom Units
# 2 Bedroom Units: 11
Avg Rent: 1437
Avg SqFt: 856
# Baths: 2
Structure
Bedrooms Total: 22
Bathrooms Total: 22
Showing Notification Methods
Showing Service: No Showing Service Used
Remarks Misc
Cross Street: 16th St & Campbell Ave
Directions: SR-202 North to exit 1A SR-51 North keep right, Turn left on E Indian School Rd, Turn right onto N 16th St, Right onto E Campbell Ave to property.
Geo Lat: 33.502139
Geo Lon: -112.045356
Income Expenses
Gross Annual Sch Inc: 189624
Net Operating Income: 149328
Property Features
Project Type: 5 - 12 Units; Other (See Remarks)
Other Type: Packaged Offering
Construction: Block
Const - Finish: Painted
Roofing: Composition
Floors: Ceramic Tile
Sale Includes: Land & Building; Other (See Remarks)
Community Features: Pool
Exterior Amenities: Landscape Water System; Green Landscaping; Fenced; Satellite Dish; Cable TV Available; Patio/Balcony; Separate Storage; Security Light(s)
Appliances Included: Built-In Gas Oven; Built-In Range; Dishwasher; Disposal; Microwave; W/D Hookup; Other
Cooling: Electric; Central Air
Water Source: City Franchise
Sewer: Sewer - Public; See Remarks
Electric: SRP; Individual Meter
Gas: SW Gas
Parking Features: <1 Space Per Unit; Assigned
Road Access Type: Private Road
Road Surface Type: Asphalt
Owner Pays: Other; See Remarks
Tenant Pays: Water; Electricity; Gas
Source of Fincl Data: Owner
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
New Financing: Cash; Conventional; Owner May Carry; Other (See Remarks)
Environmental: None
Supplements
Inquire within for the ''Offering Memorandum''.
Unbranded Flyer 
Listing Office: Better Homes & Gardens Real Estate SJ Fowler
Office Phone: 480-649-3536
Last Updated: November - 02 - 2026
Copyright 2026 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.
