Taylor Street Real Estate Advisors Sells Central Phoenix Multifamily Asset for $2.7 Million

PHOENIX, Arizona — Taylor Street Real Estate Advisors, a leading full service commercial real estate advisory firm, announces the sale of Estilo Apartments, a 15-unit fully renovated apartment community located in central Phoenix. The asset commanded a sales price of $2,675,000 ($178,333 per unit).

Brian Tranetzki and Eric Thomas with Taylor Street Real Estate Advisors had the exclusive listing and negotiated the transaction on behalf of the seller, a local private capital investment partnership and while CBRE represented the buyer.

“Estilo received an extensive $765,000 renovation which included a full interior renovation with polished concrete floors, new kitchens and bathrooms, new stainless-steel appliance packages, new in suite full size washer & dryers, and new double pane windows and modern custom doors. Also improved is the entire exterior including new roofs, landscaping and a modern paint scheme. The buyer was attracted to the modernized mid-century look that now fits the young professional tenant base at the property,” says Tranetzki.

Estilo Apartments is centrally located at located at 3025 N. 38th St., Phoenix, AZ, minutes from downtown Phoenix, Tempe, and Sky Harbor Airport.

“The property is located just south of the highly popular Arcadia neighborhood of central Phoenix and is surrounded by new development of boutique single family and townhome developments and minutes from some of the most popular restaurants and entertainment venues in Phoenix,” adds Thomas.