Living Well Homes Sells 227-Unit Multifamily Community Azul In Phoenix For $37.1 Million

The property asset involved in this transaction is a multifamily community located at 8111 North 19th Avenue, Phoenix, AZ. The sale price for this 227-unit community was $37,100,000, which translates to $163,436 per unit. The development was built in 1986 and features amenities such as pools, a spa, and in-unit washers/dryers.

Summary of transaction details:

• Property Type: MultiFamily
• Transaction Amount: $37,100,000
• Square Footage: 227
• Price Per Square Foot: $163,436
• Seller: Living Well Homes
• Brokers: Cliff David & Steve Gebing - Institutional Property Advisors
• Sale Date: 05/02/2025

In this transaction, Living Well Homes is the seller. The deal was brokered by Cliff David and Steve Gebing from Institutional Property Advisors, representing the sellers in the sale of the multifamily asset known as Azul in Phoenix.