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CAT | Downtown Phoenix Living

Phoenix Biomedical CampusPhoenix Biomedical Campus is located at Van Buren St & 7th St. Condo’s next to Phoenix Biomedical Campus are priced between 200k-300k and are located at Central & Thomas. These properties are in high demand and lease between $1450-$2500. Downtown properties in Phoenix are priced below market for urban living and have many amenities available.

Downtown Phoenix Living | Condo’s in Downtown Phoenix

The development of the downtown area has spurred ASU to heavily invest in their Phoenix Biomedical Campus of the Arizona University System. Most students living in this area desire urban living because of the lengthly schedules they may have attending the campus.
Downtown Phoenix
This along with major corporations in downtown Phoenix make buying a condo a lucrative investment. The average payments for a 250k loan based on 6% (apr) over 30 years is 1498pi. (PI is principle and interest) HOA for condos in Downtown Phoenix average $269 per month. Total payment is approximately 1794pihoa. Taxes seem to average 1600 per year. Total payment with taxes, insurance and hoa is 1927 per month. The condo that yields the highest revenue per sqft is a 2/2 1400 sqft property. This type of condo can rent for as high as 1750 per month and costs approximately 265k. For information on buying or renting a home in Downtown Phoenix please contact us.

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