Capri | 6847 East 4th Street, Scottsdale, AZ 85251 | 13 Units | $3,600,000 | $276,923 Per Unit | $342.99 Per SF
FOR IMMEDIATE RELEASE
Company Website: www.ABImultifamily.com
Phoenix, AZ (January 4, 2021) - ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western U.S., is proud to announce the $3,600,000 / $276,923 per Unit / $342.99 per SF sale of Capri, a 13-unit condo-mapped community in Scottsdale, AZ.
Constructed in 1959 with reinforced concrete block, the Capri consists of (8) one-bedroom / one-bathroom units, (1) two-bedroom / one-bathroom unit and (4) two-bedroom / two-bathroom units, all individually metered for electricity. Each unit enjoys walk-out balconies and patios overlooking the community swimming pool and views of Camelback Mountain. Tenant amenities also include a community putting green, patio with BBQ, and covered parking. Capri is in excellent condition having undergone recent renovations in 2020 with newer air conditioners, roofs, asphalt, water heaters, water lines, and dual pane windows. The units have received modern renovations which include white shaker cabinets, solid surface countertops, stainless-steel appliances, and wood plank vinyl flooring.
Residents of Capri also enjoy proximity to the Scottsdale Fashion Square Mall and the Scottsdale Waterfront. Both shopping centers offer a vast selection of high-end stores, boutiques, restaurants, and cafes including Neiman Marcus, Macy's, Juicy Couture, Gucci, P.F. Chang's, Kona Grill, Creamistry, and Press Coffee. Capri is centrally located providing quick access to Phoenix Sky Harbor International Airport, Downtown Phoenix, and Arizona State University in Tempe.
ABI Multifamily’s Royce Munroe represented the buyer and seller.
The buyer is based in California and seller is based in Arizona.
ABI Multifamily (http://www.abimultifamily.com/) 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.