During the real estate boom in the Phoenix Metro Area, "Condo Conversions" are were popular, bringing affordability to areas typically built-out - like Scottsdale, Tempe, Central and North Phoenix. They still provide an affordable alternative and are also popular with vacation home owners due to the ease of maintenance.
Shown: Riverwalk in Phoenix/Tempe, top; 3rd Ave Palms, Central Phoenix, bottom.
What is a "condo conversion"?
A developer or project manager purchases an existing apartment community, and remodels it. This could mean anything from update the paint, appliances and flooring, to a full 're-plumb/re-wire/re-sheetrock' updating. They change the property type from 'apartment' to 'condominium' with the county tax assessor, and sell the individual units as condos.
Who is the typical condo conversion buyer?
*Move-in buyers who bought in the suburbs because they wanted a new home, but now desire a shorter commute - the condo conversion gives them the location as well as a 'new' home.
Please remember that we are independent Agents and represent you - not the seller - on the purchase of any condo listed on this website*. There is NO COST TO YOU!
Please contact us at info@weareazrealestate.com for more details, to pre-register for a community, or to be notified of upcoming projects!