Arizona Commons is becoming Campus Walk Condominiums

The 88-unit gated community at 931 N. Euclid Ave. is one block north of UA’s entertainment and restaurant row. There are 73 2-bed/1.5 bath, and 15 2-bed/2.5 bath units.   They range in price starting at $199,000.   They are all 1,100 square feet two-story townhouse-style units.   The HOA fees will be $197 mo.

The optional upgrades are:

• granite-top counters,
• stainless appliances,
• maple cabinetry,
• washers & dryers, etc.  

You pay a premium for a pool view unit.

The Campus Walk condos will be a gated community with new landscaping and resort-style pool.     Right now, rents are averaging $1,300 to $1,600 per month.   Most units are rented through June 30, 2007 and then it would be a turnaround time of about 45 days to convert the unit.   About 18 units are currently vacant.   There will be 4 models to purchase with a leaseback from the developer.

• Lot reservations are being taken now with a $5,000 deposit.  
• Contracts will be taken starting October 21, 2006.