San Dominic Townhomes | 5112 North 17th Avenue, Phoenix, AZ 85015 | 22 Townhome Units | $6,380,000 | $290,000 Per Unit | $223.08 Per SF
FOR IMMEDIATE RELEASE
Company Website: www.ABImultifamily.com
Phoenix, AZ. (September 14, 2021) – ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $6,380,000 / $290,000 Per Unit / $223.08 Per SF sale of San Dominic Townhomes in Phoenix, Arizona. ABI Multifamily's Phoenix-based Institutional Apartment Group - Alon Shnitzer, Rue Bax, Eddie Chang, and Doug Lazovick represented the buyer and seller in this transaction.
San Dominic Townhomes was completed in late 2018 and consists of 22 total townhome-style units. Situated on North 17th Avenue in between West Colter Street and West Camelback Road in the city of Phoenix, AZ, the property sits less than five miles from the Biltmore area and approximately six miles north of Downtown Phoenix. Residents enjoy a premium, central location with direct access to all areas of Phoenix by way of the Interstate-17, Interstate-10, and State Route 51. Immediate neighborhood conveniences and services include: Target, Walmart Supercenter, Fry’s Marketplace, AJ’s Fine Foods, Natural Grocers, Sprouts Farmers Market, Chase Bank, Walgreens Pharmacy, and Wells Fargo Bank.
The 22 units are arranged in 5 two-story buildings (two buildings with 5 townhomes and three buildings with 4 townhomes) with wood frame construction, stucco exterior finishes, and pitched asphalt shingle roofs situated on approximately 1.17 acres of land. The property consists exclusively of 22 three-bedroom / two-and-a-half bathroom townhome units at 1,300 square feet each, not including the approximately 237 square foot one-car direct-access garage. Each unit is individually metered for electricity and includes washer / dryer appliances. Interior amenities include: Air conditioning / heating, breakfast bar, in-unit storage, walk-in closets, ceiling fans, vinyl plank flooring, and kitchen fully-equipped with refrigerator, oven / stove, microwave, and garbage disposal. All units are provided with an attached direct access one-car garage and feature a private backyard. Community amenities include: playground, BBQ grill, and landscaped areas.
Significant employers in close proximity to the property include the numerous companies located in Midtown, Downtown, and the Camelback Corridor, as well as Banner Health, St. Joseph’s Hospital, U-Haul International, Wells Fargo, JP Morgan Chase, and Phoenix Children’s Hospital.
The buyer is based in Arizona and the seller/developer is based in Arizona.
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, Sacramento, 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. ABI Multifamily is a proud supporter of the Arizona Housing Fund, making a donation for every sale to help end homelessness in our state by funding more permanent, supportive housing.