Quays at Encanto | 1840 West Thomas Road, Phoenix, AZ 85015 | 26 Units | $6,925,000 | $266,346 Per Unit | $246.97 Per SF
PRESS RELEASE
FOR IMMEDIATE RELEASE
Contact:
Corporate Headquarters
ABI Multifamily
Phone: 602.714.1400
Company Website: www.ABImultifamily.com
Phoenix, AZ. (January 10, 2024) – ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $6,925,000 / $266,346 Per Unit / $246.97 Per SF sale of Quays at Encanto, a 26-unit multifamily apartment community located in Phoenix, Arizona. The buyer was represented by ABI Multifamily's Carson Griesemer, Dallin Hammond, and Mitchell Drake.
The buyer and seller are based in Arizona.
Built in 1962 and extensively renovated in 2023, Quays at Encanto is a 26-unit, two-story, garden-style community located in the Encanto Neighborhood in West Phoenix. Sitting on 1.16 acres of land, the property is comprised of block construction with pitched composition shingle roofs. The unit mix consists of (6) 3-bed / 2-bath units and (20) 2-bed / 2-bath units. The units feature hardwood floors, upgraded kitchens, central A/C & heating, ceiling fans, and washers / dryers in select units.
An abundance of dining and entertainment options are just a 10-minute drive away at Uptown Plaza at the intersection of Camelback Road and Central Avenue which include Postino WineCafe, The Windsor, Federal Pizza, Joyride Taco House, Shake Shack, Lou Malnati’s Pizzeria, and Flower Child, among many more. The nearby 7th Street Restaurant Corridor also offers iconic dining options such as Culinary Dropout, Doughbird, MORA Italian, Spinato’s Pizzeria, Taco Guild, and Gadzooks Enchilada & Soup.
Significant employers in close proximity to the property include the numerous companies located in Midtown, Downtown, and the Camelback Corridor, as well as Banner Health, St. Joseph’s Hospital, U-Haul International, Wells Fargo, and Phoenix Children’s Hospital.
ABI Multifamily (https://www.abimultifamily.com/) is a brokerage and advisory services firm that focuses exclusively on apartment investment transactions. With offices in Phoenix, Las Vegas, San Diego, and Tucson, the experienced advisors at ABI Multifamily have completed billions of dollars in sales and thousands of individual multifamily transactions. ABI Multifamily incorporates a global approach with regional real estate expertise to successfully complete any multifamily transaction, regardless of size and complexity.