In yet one more sign of how hot the southern Arizona residential market is, a more than 40-year-old complex at 15449 N. 25th Avenue has sold for a top dollar in Phoenix.
The deal was brokered by the big real estate company Newmark and includes 200 units in a combination of styles ranging from 615 square feet to 967 square feet.
The complex, called Cobblestone Apartments, also includes a fitness center, club house, swimming pool, and dog park.
According to a statement released by Newmark, the Cobblestone properties was particularly well-situated given its proximity to the Taiwan Semiconductor company and its closeness to Arizona State Route 101.
By Garry Boulard
