Scottsdale-based Priority Investments purchased the CrestApartments, a 47-unit complex at 6702 N. 17th Ave. The sale priceequates to $31,000 per unit. The complex is about a mile east ofInterstate 17, just north of Chris-Town Mall.
The seller, R.L. Chapman LC of Chestnut Hill, Massachusettsowned the property for two years prior to the sale.
The Phoenix office of Marcus & Millichap represented bothprincipals in the transaction.
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