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Senior Apartment Team
Linda Fritz-Salazar
Associate Broker


Call 602 759 1204


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Scott Trevey, CCIM
Senior Associate


Call 480 205 0862


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Weekly Apartment Closing Update through  August 17, 2018



Property Name
Address
City
No Units
SF
Sales Price
Price/SF
Unit SF Ave.
Sale Date
Year Built
Unit
Price
Unit Mix, % Down Payment, Lender; Previous Sale Date and Amount
Estilo
3029 N. 38th Street
Phoenix
14
12,127
$2,675,000
$220.58
866 SF
8/13/2018
1971

$191,071
13-2/1's, 1-3/2; Totally Renovated; 35% Down; New Loan: Wash Fed.; Last Sale: 02/2016 $1,925,000

210 E. Illini St.
Phoenix
16
8,636
$880,000
$101.90
540 SF
8/13/2018
1948

$55,000
1-1/1', 15-2/1's; 32% Down; New Loan: Bank of the West; Last Sale: 12/2016 $720,000
University Place
910 E. Lemon Street
Tempe
36
38,974
$4,500,000
$115.46
1,083 SF
8/13/2018
1969

$125,000
All 2/2's; 7% Down; New Loan: Voya Financial; Last Sale: 12/2012 $3,600,000
Brighton Place
222 E. Cody Drive
Phoenix
80
56,000
$5,250,000
$93.75
700 SF
8/15/2018
1988

$65,625
All 2/1's; 30% Down; New Loan: American First Credit Union; Last Sale: 09/2010 $1,100,000

3101-3107 N. 69TH Pl.
Scottsdale
10
7,464

$670,000
$89.76
746 SF
8/15/2018
1962

$67,000
Mix Unknown; Cash Sale
Cypress Arms
3141 E. Cypress St.
Phoenix
12
6,219
$950,000
$152.76
518 SF
8/15/2018
1975

$79,167
All 1/1's; 42% Down; New Loan; Firstbank; Last Sale: 07/2010 $400,000
Silver Tree
4336 N. 35th Avenue
Phoenix
98
59,152
$8,150,000
$137.78
604 SF
8/17/2018
1986

$83,163
16-0/1's, 42-1/1's, 15-2/1's, 24-2/2's; 13% Down; New Loan: Bancorp Bank; Last Sale: 07/2013 $1,645,000

Arizona's unemployment rate dips to 4.6% in July.
(Report from AZ Office of Economic Opportunity)

Time to purchase that second or larger multi-family property.

Any questions???  Call Me.



Data Source: CoStar, BREW, Vizzda plus personal information

Map of Available Apartments
We keep track of all apartments advertised. The interactive map shows the location and amount of units. Please check out our interactive map or for more details or contact us at 602 677 0655.

 
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About Us 
The Kasten Long Commercial Group has specialized in apartment brokerage in metro Phoenix since 1998. Our agents have brokered more than 1,000 communities with gross sales in excess of 1 billion dollars.

Kasten Long Commercial Group

5110 N 40th Street, Suite 110 Phoenix, AZ 85018
Designated Broker - Jim Kasten, CCIM
602 445 4113 office - 602 677 0655 cell
Jim@KLCommGroup.com

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