1. 7611 S. 36th Street
Phoenix, AZ 85042
Size: 134 Units
Year Built: 1998
Price: $14,050,000
Price/Unit: $104,851
Price/SF: $115.35
RECENT SALE
The Montana Apartment
Homes
134-Unit Apartment Community
Sold Price: $14,050,000
The Montana
TRANSACTION HIGHLIGHTS
ARA PHOENIX
Brad Goff
Principal
602.852.3781
goff@aranewmark.com
Chris Canter
Associate
602.852.3792
ccanter@aranewmark.com
2415 East Camelback Road
Suite 550
Phoenix, AZ 85016
T 602-252-4232
F 602-252-4236
Brad Goff and Chris Canter of ARA Phoenix recently brokered the sale of
The Montana Apartment Homes, a 134-unit Class A apartment community
in Phoenix, Arizona.
• Value-Add Continuation - approximately 50% of the units have been
renovated to include new black appliances, resurfaced countertops,
brushed nickel lighting and plumbing fixtures and two-tone paint.
These units are achieving a $100/month rent premium.
• Full-size washer & dryer in every unit.
• 9’ ceilings in every unit.
• Excellent South Mountain location.
• Superior community amenity package including a resort-inspired
swimming pool, spa, fitness center, resident business center,
controlled access entry and detached garage availability.
• Proximity to the Valley freeway system via the I-10, providing residents
with easy access to numerous employment corridors. Nearby major
employers include Arizona State University, Phoenix Sky Harbor
International Airport, US Airways, AVNET, and Honeywell Aerospace.
• Minutes from numerous retail, dining and entertainment venues.
• Very low density property.