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Recently Renovated South Phoenix Apartment Complex Trades for $22.3 Million

Local Multifamily Investment Firm Scoops Up 1980s-Vintage Property
Gudi Real Estate Investments paid $22.3 million, or $175,600 per unit, to buy the Elevate @ South Mountain complex at 8818 S. Central Ave. in Phoenix. (CoStar)
Gudi Real Estate Investments paid $22.3 million, or $175,600 per unit, to buy the Elevate @ South Mountain complex at 8818 S. Central Ave. in Phoenix. (CoStar)
CoStar News
October 6, 2022 | 7:34 P.M.

A local multifamily investment firm that typically buys and renovates older apartments just scooped up a 128-unit property in a gentrifying South Phoenix neighborhood.

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