PAST SUCCESS

KW PHOENIX APARTMENT GROUP

 

Keller Williams Arizona Realty

   15333 N Pima Rd., #130

                      Scottsdale, AZ ,85260

                                  T 480.767.3000

                                  F 480.629.5105



RECENT TRANSACTIONS


WE ARE PLEASED TO PROVIDE A SAMPLING OF OUR MOST RECENT APARTMENT TRANSACTIONS



COLTER PARK APARTMENTS

909 W COLTER, PHOENIX AZ

 

384 UNITS

SOLD ON FEBRUARY 28 2020

PRICE $53,000,000 OR $138,020/UNIT

 

Acquired in June of 2014 as an REO, Colter Park was recently sold for $53m representing a $25.7m appreciation for LWH investors.


The 384-unit, Class B, garden-style rental community is master metered as is well located near Camelback and 7th Avenue. 

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CAMINO REAL APARTMENTS 

3305 CALLE CUERVO NW, ALBUQUERQUE, NM


248 UNITS

ACQUIRED ON FEBRUARY 12th, 2020

PRICE NOT DISCLOSED

 

A  248-unit, Class B+, garden-style rental community located in one of Albuquerque's most sought after neighborhoods in the northwest. The Property was built in 1996 and features 9' ceilings. The unit mix features one, two, and three bedroom floor plans. The property will be completely renovated and re-branded shortly. 

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THE OVERLOOK APARTMENTS 

6200 EUBANK BLVD NE, ALBUQUERQUE, NM


344 UNITS

ACQUIRED ON JANUARY 30th, 2020

PRICE NOT DISCLOSED

 

A  344-unit, Class B+, garden-style rental community located in one of Albuquerque's most sought after neighborhoods in the northeast. The Property was built in 1988 and features a mix of one and two bedroom floor plans. The property will be completely renovated shortly. 

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CROWN VILLAS APARTMENTS 

550 SOUTH CAMINO SECO, TUCSON AZ


144 UNITS

ACQUIRED ON MAY 1ST, 2019

PRICE $11,000,000 OR $76,388/UNIT

 

A  144-unit, Class B, garden-style rental community located in Tucson. The Property was built in 1985 and features an elevator. The property will be completely renovated and re-branded shortly. 


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DESERT FLORA APARTMENTS 

2950 N 46TH STREET, PHOENIX, AZ


53 UNITS

ACQUIRED ON APRIL 3RD, 2019

PRICE $5,600,000 OR $101,818/UNIT

 

A  53-unit, Class B, garden-style rental community located in Arcadia district of Phoenix. The Property was built in 1968 and features studio, one and two bedroom floor plans. The was leased on a month to month basis considerably below market rent. The property will be completely renovated and rebranded The Marlowe. 


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OFIA APARTMENTS 

208 E BASELINE AVENUE, TEMPE AZ


173 UNITS

ACQUIRED ON AUGUST 23RD, 2018

PRICE $22,250,000 OR $128,612/UNIT

 

A  173-unit, Class B, garden-style rental community located in Tempe, AZ. The Property was built in 1980 and features one and two bedroom floor plans. The property is located near our sister property Eden Apartments as well as The Gallery. 

KIMBERLY WOODS APARTMENTS 

6821 E BROADWAY BLVD, TUCSON AZ


279 UNITS

ACQUIRED ON DECEMBER 20TH, 2018

PRICE $17,062,000 OR $67,612/UNIT

 

A  279-unit, Class B, garden-style rental community located in Tucson, AZ. The Property was built in 1973 and features studio, one and two bedroom floor plans. The property is Living Well Homes first acquisition in the Tucson market.

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SOFIA APARTMENTS 

208 E BASELINE AVENUE, TEMPE AZ


173 UNITS

ACQUIRED ON AUGUST 23RD, 2018

PRICE $22,250,000 OR $128,612/UNIT

 

A  173-unit, Class B, garden-style rental community located in Tempe, AZ. The Property was built in 1980 and features one and two bedroom floor plans. The property is located near our sister property Eden Apartments as well as The Gallery. 

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SOUTHERN GARDENS APARTMENTS 

1655 E SOUTHERN AVENUE, TEMPE AZ


88 UNITS

ACQUIRED ON APRIL 5TH, 2018

PRICE $10,000,000 OR $113,636/UNIT

 

A  88-unit, Class B, garden-style rental community located in Tempe, AZ. The Property was built in 1971 and features two and three bedroom floor plans. The property is located near our sister property Eden Apartments. The property will undergo renovations shortly and be re-branded as the Gallery Apartments.

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HUNTSVIEW APARTMENTS 

3901 BATTLEGROUND AVE., GREENSBORO NC

 

240 UNITS

ACQUIRED ON SEPTEMBER 19TH, 2017

PRICE $20,500,000 OR $85,417/UNIT

 

A  240-unit, Class B, garden-style rental community located in Greensboro, NC. The Property was built in 1987 and is located near our sister properties Ashley Oaks and Edwater Village. The property will undergo renovations shortly.

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LWH SINGLE FAMILY RENTAL PORTFOLIO PHOENIX 

VARIOUS ADDRESSES IN MARICOPA COUNTY, AZ

 

105 RENTAL HOMES

SOLD ON JUNE 14TH, 2017

PRICE $22,200,000 OR $211,428/HOME

 

A  desirable portfolio of 105 single family rentals, all in great HOA's, close to good schools, retail and highway access.


The portfolio was 100% leased at the time of the sale.


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HIDDEN LAKES APARTMENTS 

5500 WESLO WILLOW DR, GREENSBORO NC

 

483 UNITS

ACQUIRED ON APRIL 19TH, 2017

PRICE $20,820,000 OR $43,106/UNIT

 

A  483-unit, Class C, garden-style rental community located in Greensboro, NC. The Property was built in 1974 and is located near our sister property Ashley Oaks. The property will undergone significant renovations and be rebranded as Edgewater Village.

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CYPRESS COMMONS APARTMENTS

447 W RIO SALADO PKWY, MESA AZ

 

48 UNITS

SOLD ON AUGUST 10, 2016

PRICE $3,850,000 OR $80,208/UNIT

 

A 48-unit, Class B, condo-titled garden-style rental community located on Rio Salado Parkway and Country Club Road in Mesa. Property was built in 1983 and was 100% occupied at the time of the sale. The Buyer was Seattle WA based.


MOUNTAIN VIEW CONDO APARTMENTS

425 E BROWN ROAD, MESA AZ


30 UNITS

SOLD ON AUGUST 10, 2016

PRICE $2,675,000 OR $89,166/UNIT


A two-story, Class B, concrete constructed apartment complex that was completely renovated and converted to condominiums in 2008. The property features: granite counter tops, stainless steel appliances, individual in-suite washer and dryers, as well as individually metered utilities. The property was 100% occupied at the time of sale. The California based buyer was in a 1031 exchange.


REDWOOD PLACE APARTMENTS 

2015 W CACTUS ROAD, PHOENIX AZ

 

186 UNITS

ACQUIRED ON MAY 18TH, 2016

PRICE $13,805,000 OR $74,220/UNIT

 

A  186-unit, Class B, garden-style rental community located in Phoenix AZ. The Property was built in 1984 and is located adjacent to the North Mountain Preserve and also near Interstate 17 which runs to downtown Phoenix. The property will undergone significant renovations and be rebranded.


ASHLEY OAKS APARTMENTS 

407 GUILFORD COLLEGE RD, GREENSBORO NC

 

252 UNITS

ACQUIRED ON OCTOBER 21, 2015

PRICE $16,600,000 OR $65,873/UNIT

 

A  252-unit, Class B, garden-style rental community located in Greensboro, NC. The Property was built acquired vis auction.com and has undergone significant renovations.

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AZUL APARTMENTS (FORMERLY MISSION SHADOWS) 

8111 N 19TH AVENUE, PHOENIX AZ

 

227 UNITS

ACQUIRED ON OCTOBER 16TH, 2015

PRICE $14,700,000 OR $64,700/UNIT

 

A  227-unit, Class B, garden-style rental community located in Phoenix AZ on 19th Avenue light-rail line. The Property was built in 1986 and is located adjacent a major Albertson-grocery anchored mall and also near Interstate 17. The property underwent significant renovations and was rebranded.


EDEN APARTMENTS (FORMERLY QUAIL CANYON)

2045 S MCCLINTOCK, TEMPE AZ

 

112 UNITS

ACQUIRED ON JUNE 19 2015

PRICE $9,300,000 OR $83,035/UNIT

 

A  112-unit, Class B, garden-style rental community located in Tempe AZ. The Property was built in 1980 and is located only a few miles from Arizona State University and its 70,000 student population. The property has undergone significant renovations and was rebranded as Eden Apartments.


COLTER PARK APARRTMENTS

909 W COLTER, PHOENIX AZ

 

384 UNITS

ACQUIRED ON JUNE 19 2014

PRICE $27,300,000 OR $71,093/UNIT

 

A  384-unit, Class B, garden-style rental community located in central Phoenix AZ on the light-rail line. The Property was built in 1972 and underwent significant renovations by the bank after it was foreclosed on. The property has undergone additional renovations to its leasing office, clubhouse, pools and apartment interiors.


THE IVY (FORMERLY MAGNOLIA RUN)

151 CENTURY DRIVE, GREENVILLE SC

 

212 UNITS

ACQUIRED ON MAY 21, 2014

PRICE $11,450,000 OR $54,009/UNIT

 

A  214-unit, Class B, garden-style rental community located in Greenville SC. The Property was built in 1983 and was purchased in an auction. The property has undergone significant renovations and was rebranded as The Ivy.


LAKESIDE PLACE (FORMERLY MALLARD COVE)

15 VILLA ROAD, GREENVILLE SC

 

214 UNITS

ACQUIRED ON OCTOBER 25TH, 2013

PRICE $7,822,000 OR $36,551/UNIT

 

A  214-unit, Class B, garden-style rental community located in Greenville SC. The Property was built in 1983 and was purchased in an auction. The property has undergone significant renovations and was rebranded as Lakeside Place.

 

BILTMORE VISTA TOWNHOMES

2323 E FLOWER STREET, PHOENIX AZ

 

114 UNITS

ACQUIRED ON DECEMBER 2, 2013

PRICE $5,500,000 OR $48,246/UNIT

 

A 114-unit, Class B, garden-style rental community located only 1 mile south of the Biltmore Fashion Square off 24th Street. The Property was built in 1973 and will undergo significant renovations and was rebranded as Bloom 24.

 

CORAL POINT APARTMENTS

2343 W MAIN STREET, MESA AZ

 

337 UNITS

ACQUIRED ON FEBRUARY 15, 2013

PRICE $19,500,000 OR $57,864/UNIT

 

A 337-unit, Class B, 24 building garden-style rental community located on the light-rail line in Main Street and S Roosevelt Road in Mesa. Property was built in 1986 and was 92% occupied at the time of the sale.


BROOKFIELD APARTMENTS

1201 NORTH 43RD AVENUE, PHOENIX AZ

 

124 UNITS

ACQUIRED ON JUNE 13, 2012

PRICE $5,400,000 OR $43,548/UNIT

 

A 124-unit, Class B, garden-style rental community located on 43rd Ave and Cactus Road in Phoenix, built in 1983. Property was 90% occupied at the time of sale.


MESA RIDGE APARTMENTS

650 SOUTH COUNTRY CLUB ROAD, MESA AZ


151 UNITS

ACQUIRED ON MAY 8, 2012

PRICE $6,345,000 OR $42,019/UNIT

 

A 151-unit, Class B, garden-style rental community located on S Country Club Road just south of Broadway in Mesa, built in 1974 featuring 9 buildings. Suite mix is 32 x 1 Bed/1 Ba, 119 x 2 Bed/2 Ba. Property was 88% occupied at the time of sale.

 



 

CASCADA DEL SOL APARTMENTS (FORMERLY CANYON WALK)

1502 W GLENDALE AVENUE, PHOENIX AZ


166 UNITS

ACQUIRED ON MARCH 31 2012

PRICE $3,202,500 OR $19,292/UNIT

 

A 166-unit, Class C, garden-style rental community located on Glendale Avenue and 15th Avenue, built in 1974 featuring 10 buildings. Suite mix is 54 x studios, 67 x 1 Bed/1 Ba, 29 x 2 Bed/1 Ba, 16 x 2 Bed/2 Ba. Property was 50% occupied at the time of sale and has undergoing cosmetic renovations to the exterior as well as all interiors. The property was rebranded as Cascada del Sol.

 



 

GLENRIDGE APARTMENTS

13610 N 51ST AVENUE, GLENDALE AZ


135 UNITS

ACQUIRED ON NOVEMBER 23, 2011

PRICE $5,730,000 OR $42,444/UNIT

 

A 135-unit, Class B, garden-style rental community located at Thunderbird and 55th Avenue, built in 1985 featuring 11 buildings. Suite mix is 12 x studios, 75 x 1 Bed/1 Ba, 12 x 2 Bed/2 Ba, 36 x 2 Bed/2 Ba. Property was 92% occupied at the time of sale.

 



ESCONDIDO APARTMENTS

4422 N 36TH STREET, PHOENIX AZ

 

75 UNITS

ACQUIRED ON MAY 25, 2011

PRICE $2,565,000 OR $34,200/UNIT


A one-level, Class B, garden style rental community located on North 36th Street south of Camelback. Built in 1979, the property features 75 units:  4 x studios, 71 1 Bed/1 Ba.

 

Interesting to note that this property was acquired at the Trustee Sale. We were able to gain access to the underwriting during an attempt by the previous owner to short-sell the property.

 

We were one of three biders present the day of the sale and were fortunate to acquire the property for a Canadian Investment Fund.


 

KW Phoenix Apartment Group

15333 N Pima Rd., Suite 130

Scottsdale, AZ 85260

T 623.466.5849

F 480.629.5105

germain@kwcommercial.com

 

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