Taylor Street Advisors Brokers $4.9M Sale of Shorewood Apartment Community in Central Phoenix

PHOENIX — Taylor Street Advisors has arranged the sale of Shorewood Apartments, a multifamily community located at 3601 N. Fifth Ave. in Phoenix. A private investment fund acquired the property from an out-of-state investor for $4.9 million, or $233,333 per unit.

Brian Tranetzki and Anton Laakso of Taylor Street Advisors represented the buyer and seller in the deal.

The mid-century modern apartment community features 21 residences. The property was recently renovated with the addition of in-unit washers/dryers, new floors, kitchens and baths.