1525 West Indian School Road | 1525 West Indian School Road, Phoenix, AZ 85015 | 18 Units | $2,450,000 | $136,111 Per Unit | $218.36 Per SF
PRESS RELEASE
FOR IMMEDIATE RELEASE
Contact:
Corporate Headquarters
ABI Multifamily
Phone: 602.714.1400
Company Website: www.ABImultifamily.com
Phoenix, AZ. (March 3, 2024) – ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $2,450,000 / $136,111 Per Unit / $218.36 Per SF sale of 1525 West Indian School Road, an 18-unit multifamily apartment community located in Phoenix, Arizona. The buyer was represented by ABI Multifamily's Andrew Arambula, Tom Palestina, and Bryce Neagle.
The buyer and seller are based in Arizona.
Built in 1959, 1525 West Indian School Road is an 18-unit, two-story, garden-style community located in Phoenix, Arizona. The unit mix features four studio units, eight one-bedroom / one-bathroom units, and six two-bedroom / one-bathroom units. The property is comprised of block construction and flat roofs situated on 0.37 acres of land. The property provides parking for each unit and an on-site laundry facility.
1525 West Indian School Road is located in the Bel-Air neighborhood and less than one mile away from the Melrose District along 7th Avenue. The property is also in close proximity to Encanto Golf Course, Phoenix College, Saint Joseph’s Hospital, and Phoenix Country Club as well as the I-17, SR-51, and the I-10 Freeway.
ABI Multifamily (https://www.abimultifamily.com/) is a brokerage and advisory services firm that focuses exclusively on apartment investment transactions. With offices in Phoenix, Las Vegas, San Diego, and Tucson, the experienced advisors at ABI Multifamily have completed billions of dollars in sales and thousands of individual multifamily transactions. ABI Multifamily incorporates a global approach with regional real estate expertise to successfully complete any multifamily transaction, regardless of size and complexity.