Mountain View Apartments | 1914 East Mountain View Avenue, Flagstaff, AZ 86004 | 24 Units | $2,950,000 | $122,917 Per Unit | $197.30 Per SF
PRESS RELEASE
FOR IMMEDIATE RELEASE
Contact:
Corporate Headquarters
ABI Multifamily
Phone: 602.714.1400
Company Website: www.ABImultifamily.com
Phoenix, AZ. (May 20, 2022) – ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $2,950,000 / $122,917 Per Unit / $197.30 Per SF sale of Mountain View Apartments, a 24-unit multifamily apartment community located in Flagstaff, Arizona. ABI Multifamily's Patrick Burch and John Klocek represented the buyer in this transaction.
The buyer and seller are based in Arizona.
Built in 1921, Mountain View Apartments is a 24-unit garden-style apartment community resting on a 1.03-acre site. The 6 rental buildings are constructed of wood frame construction with pitched roofs. The unit mix consists of 13 studios, 5 one-bedroom / one-bathroom units and 6 two-bedroom / one-bedroom units averaging 595 square feet.
Mountain View Apartments is located in close proximity to Downtown Flagstaff and roughly 2.5 miles to the Northern Arizona University Campus. The city of Flagstaff is a popular tourist destination for both in-state and out-of-state residents with estimates of over 5 million visitors per year. Situated just 80 miles from the Grand Canyon National Park and just over a two-hour drive from the city of Phoenix, Flagstaff is well positioned to act as both a stand-alone weekend destination and travel point for visitors enroute to one of the nation’s most popular national parks. Mountain View Apartments is situated in a prime location allowing residents to enjoy, with ease, so much of what Flagstaff offers.
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.