1804 on the Light Rail | 1804 West Tuckey Lane, Phoenix, AZ 85015 | 16 Units | $4,100,000 | $256,250 Per Unit | $245.51 Per SF
PRESS RELEASE
FOR IMMEDIATE RELEASE
Contact:
Corporate Headquarters
ABI Multifamily
Phone: 602.714.1400
Company Website: www.ABImultifamily.com
Phoenix, AZ. (May 6, 2022) – ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $4,100,000 / $256,250 Per Unit / $245.51 Per SF sale of 1804 on the Light Rail, a 16-unit multifamily apartment community located in Phoenix, Arizona. ABI Multifamily's Carson Griesemer, Dallin Hammond, and Mitchell Drake represented the buyer and seller in this transaction.
The buyer is based in Arizona and the seller is based in California.
Built in 1963 and renovated in 2017, 1804 on the Light Rail is a 16-unit, garden-style apartment community in the heart of West Phoenix. The property is comprised of (4) one-bedroom / one-bathroom units and (12) two-bedroom / one-and-a-half-bathroom units and is individually metered for electricity.
1804 on the Light Rail is located in the West Phoenix submarket, between the I-17 and SR-51 Freeways, and is less than four miles from Grand Canyon University. The location is also situated approximately 0.3 miles from the nearest light rail station on North 19th Avenue and West Glendale Avenue and is only three blocks away from numerous shopping, dining, and entertainment options at Christown Spectrum Mall. Having the light rail within walking distance creates a convenient travel option for residents allowing for easy access to the rest of the Phoenix metropolitan area, including Downtown Phoenix, Sky Harbor International Airport, Arizona State University, and many more.
ABI Multifamily (https://www.abimultifamily.com/) is a brokerage and advisory services firm that focuses exclusively on apartment investment transactions. With offices in Phoenix, Tucson, and San Diego, 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.