ABI Multifamily, the Valley’s largest locally operated dedicated multifamily brokerage and advisory services firm, is pleased to announce the $1,092,000 sale of the Desert Winds Apartments, a 28-unit apartment community located in North Phoenix.
Desert Winds Apartments is a two and three-story apartment community, originally built in 1983 and comprised of all one bedroom/one bath apartments with an average size of approximately 550 SF. The property features wood frame construction, pitched shingle roofing, ample parking and a sparkling courtyard swimming pool.
“The Desert Winds is a nicely maintained asset located nearby major employment and destination hubs such as Deer Valley Airport, Deer Valley Towne Center, Honor Health Medical Center and Desert Ridge Marketplace,” states Eddie Chang, Partner at ABI. Major employers nearby include Honor Health, Discover Financial Services, USAA, Petsmart & American Express.
The Seller is a private multifamily investor based in Hawaii.
The Buyer is a private multifamily investor based in Arizona.
The Phoenix based ABI Multifamily brokerage team of Eddie Chang, John Kobierowski, Rue Bax, Alon Shnitzer, and Doug Lazovick represented both the Seller and Buyer in this transaction.