ARA Phoenix recently completed the sale of Villa Encanto, a 385-unit apartment community in Phoenix, Arizona. Brad Goff, Principal, and David Lord, Senior Vice President, represented the seller in the transaction.
The investment highlights include a northeast Phoenix infill location with high barrier to entry and value-add opportunity for buyer to begin interior renovations.
Villa Encanto is minutes from the Scottsdale Airpark, one of the Valley’s largest employment centers with over 50,000 jobs and extremely close to the SR-51 freeway, providing residents with convenient access to the entire metro area. The grounds are within walking distance to Paradise Valley Mall.
Villa Encanto was built in 1984.