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MULTIFAMILY NEWS
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Phoenix Res Asset Picked Up for $55k/Unit

10/26/17

Courtyard at Encanto, a 160-unit multifamily property in Phoenix, sold for $8.8 mil, or $55k/unit. The property is located at 2322 West Thomas Rd.

The garden-style apartment community consists of studio and one-bedroom floorplans ranging from 450 sf to 550 sf in size. The community was developed in 1979 and is master-metered for electricity and domestic water.

Ric Holway, Mark Forrester and Dan Cheyne of Berkadia represented the seller, CCW Encanto Park Properties LLC, in the transaction. The buyer, Courtyard at Encanto LLC, acquired the property on October 17.





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