Senior Apartment Team
Linda Fritz-Salazar
Associate Broker


Call 602 759 1204


Email
Scott Trevey, CCIM
Senior Associate


Call 480 205 0862


Email
Weekly Apartment Closing Update through  August 4 , 2017


Property Name 
Address, City
Units Size 
(SF)
  
Sales Price
Price/SF
Ave. Unit
Size
Sale Date
 Year Built 
Price/
Unit
Comments 
New Horizons
1510 N. 48th Street
Phoenix
51
48,450
$4,675,000
$96.49
950 SF
7/31/2017
1986

$91,667
All 2/2's; Some Renovation; 25% Down; New Loan: Opus Bank; Last Sale: 05/2016 for $3,100,000
Urban Walk
3802 N. 27th Street
Phoenix
138
98,149
$11,950,000
$121.75
711 SF
7/31/2017
1985

$86,594
54-1/1's, 84-2/2's, 30% Down; New Loan: Opus Bank; Last Sale: 08/2013 for $5,550,000
The Urban
fna: Monte Verde
3601 E. McDowell
Phoenix
435
311,694
$47,500,000
$152.39
717 SF
7/31/2017
2004

$109,195
138-0/1's, 126-1/1's, 9-2/1's, 90-2/2's, 72-3's; 1% Sown; Assumed & New Freddie Mac; Last Sale: 11/2015 for $33,000,000
Villa Mia
4401-4405 N. 21st St.
Phoenix
16
Unk.
$1,025,000

7/31/2017
1950, 1954, 1971

$64,063
Mix Unknown; New Loan: Artemis includes Rehab Money; Last Sale: 07/1974

 
Another Strong Week for Apartment Sales.  33 Apartment Sales in July.

WANT TO KNOW WHAT YOUR PROPERTY IS WORTH? CALL US.
WE ARE HAPPY TO PROVIDE A COMPLIMENTARY BROKER OPINION
OF VALUE ON YOUR PROPERTY.
 

825-835 E. Marlene Ave. Phoenix

8


$755,000



7/31/2017
1958

$94,375

Mix Unknown
Myrtle Manor
5233 W. Myrtle
Glendale
18
17,280
$1,450,000
$83.91
960 SF
8/2/2017
1987

$80,556
All 2/2's; Units have fireplaces; 21% Down; New Freddie Mac Loan; Last Sale: 07/2013 for $900,000
Galaxy Estates
4902 E. Culver Street
Phoenix
10
8,060
$615,000
$76.30
806 SF
8/2/2017
1960, 1970

$61,500

4-1/1's, 6-2/1's; 27% Down; New Loan: Firstbank; Last Sale: 07/2008 for $408,138
Park Ridge
12211 N. Paradise Vill. Pkwy., Phoenix
168
112,168
$17,100,000
$152.45
668 SF
8/2/2017
1983

$101,786

108-1/1's, 60-2/2's; 26% Down; New Loan: B of A; Last Sale 12/2001 - Price Unknown
Olive
447-451 S. Olive
Mesa
11
8,606
$890,000
$103.42
782 SF
8/3/2017
1977

$80,910
All 2/1's; 30% Down; Private Financing; Last Sale:  03/2000 for $426,000
Sir John's
3141 N. 37th Street
Phoenix
14
11,340
$1,484,000
$130.86
810 SF
8/4/2017
1967

$106,000
All 2/1's; $50,000 Down; Private Financing; Last Sale: 03/2016 for $1,100,000

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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