ABI Multifamily Brokers Sale of 181 units of Verde Vista Apartments in Phoenix

The Verde Vista Apartments in Phoenix have 181 apartments, two swimming pools and a playground.

PHOENIX – ABI Multifamily has arranged the sale of Verde Vista Apartments, an apartment building in Phoenix. A California-based buyer acquired the asset from a New Jersey-based seller for $ 24.5 million, or $ 135,359 per unit.

The Verde Vista Apartments, built in 1978, are a garden-like community with 181 units consisting of eight residential buildings. The property offers a mix of 80 studio units, 94 one bedroom / one bath units and seven two bedroom / two bath units. Communal facilities include two swimming pools, two laundries, a large children’s playground, barbecue facilities, a rental office on site, and covered and open parking spaces.

Alon Shnitzer, Rue Bax, Eddie Chang and Doug Lazovick of ABI Multifamily’s Phoenix-based Institutional Apartment Group represented buyers and sellers in the transaction.

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