Avenue North sells Harmony Apartments in Chandler, AZ

Avenue North sells Harmony Apartments in Chandler, AZ

Dec 2020

Avenue North, LLC is proud to announce the$6,650,000/$158,333per Unit/ $251.94 per SF sale of Harmony Chandler Apartments, a 42-unit property in Chandler, AZ.  The property was purchased in 2016 via a 1031 exchange.

Built in1973 and renovated in 2017, Harmony Chandler offers a buyer a value-add opportunity through interior renovations. Previous renovations in 2017 focused on the exterior of property.

The property consists of 42 garden-style units that features a great unit mix of two-bedroom, one-bedroom and studio units. Each unit is individually metered for electricity and features large patios/balconies and yards that are available in select units.

The community provides residents with spacious courtyards, dog park, tranquility garden, covered parking, barbecue grills, ramada and laundry facility.

Harmony Chandler Apartments is conveniently located in the heart of Chandler near Downtown Chandler and Chandler Fashion Center which host a vast amount of shopping, dining, and entertainment options.

The location is also situated near Chandler High School, San Marcos Golf Course and the Arizona State University Research Center and Price Corridor technology-based employment hubs.

ABI Multifamily’s Doug Lazovick, Royce Munroe represented the California buyer and Arizona seller.