West Side Apartments Go For $6.1M
Lincoln Village Apartments, a 115-unit complex built in 1980, has sold for $6.1M. On Phoenix’s west side just off Interstate 17, Lincoln Village is 99% occupied. Colliers International of Greater Phoenix negotiated the deal, AZ Big Media reports.
“Lincoln Village is a perfect example of a property purchased to take advantage of rapid rising rents in the recovering west side of Phoenix,” Colliers senior VP Trevor Koskovich says. “The local buyer benefits from terrific long-term cash flow opportunities in a very favorable lending environment."