Phoenix Business Journal
A recently renovated 16-unit downtown Phoenix apartment complex near the popular Roosevelt Row historic district has sold for $3.9 million.
That price translates to $243,750 per unit for the midcentury complex at 631 N. 14th Ave called The Hepburn.
The transaction was recorded on Dec. 27, with the Maricopa County Recorder’s Office listing the seller as 631 N 4th Ave LLC and buyer as California-based Ivanessa Management LLC.
Brian Tranetzki and Anton Laakso, multifamily investment specialists with Taylor Street Advisors, had the exclusive listing and negotiated the transaction on behalf of the seller, a local syndicator and the buyer.
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