Press Release | ABI Multifamily Brokers Biltmore Area Apartment Community for $6.95 Million

Phoenix AZ, Multifamily, Apartments, Investment Sales, Eddie Chang, Monterosa Villas

Monterosa Villas | 4112 - 4114 North 22nd Street, Phoenix, AZ 85016 | 19 Units | $6,947,500 | $365,658 Per Unit | $158.55 Per SF


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ABI Multifamily Brokers Biltmore Area Apartment Community for $6.95 Million

Phoenix, AZ (July 24, 2020) - ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western U.S., is proud to announce the $6,947,500 / $365,658 per Unit / $158.55 per SF sale of Monterosa Villas, a 19-unit garden-style property in Phoenix.

Built in 2013, Monterosa Villas consists of 19 individually parceled townhomes. All townhomes feature a three-bedroom / two-and-a-half-bathroom unit type with an average size of 2,306 SF. Each unit includes two-car direct-access garages and a full-size washer & dryer. The property’s community amenities feature secure gated access and a refreshing pool area.

This townhome community is nestled in a prime Arcadia-adjacent location. Monterosa Villas is located near The Biltmore, Uptown Phoenix, and the 24th Street & Camelback corridor, which presents a vast amount of entertainment, shopping, and dining options. The location also includes easy access to the AZ-51 and a short drive to Phoenix Sky Harbor International Airport and the vibrant Downtown Phoenix area.

“The Monterosa Villas is a unique, boutique core-plus asset in the highly desirable Biltmore area that proved to be an all-around fantastic transaction for both buyer and seller” stated Chang.

ABI Multifamily’s Eddie Chang, John Kobierowski, Alon Shnitzer, Rue Bax, and Doug Lazovick represented the seller.

The buyer is a California-based private investment firm. The seller is a California-based private investment firm.

ABI Multifamily ( is a brokerage and advisory services firm that focuses exclusively on apartment investment transactions. With offices in Phoenix, Tucson, Sacramento and San Diego, 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.