Harmony Chandler Apartments | 625 North Alma School Road, Chandler, AZ 85224 | 42 Units | $6,650,000 | $158,333 Per Unit | $251.94 Per SF
FOR IMMEDIATE RELEASE
Company Website: www.ABImultifamily.com
Phoenix, AZ (December 22, 2020) - ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western U.S., is pleased to announce the $6,650,000 / $158,333 per Unit / $251.94 per SF sale of Harmony Chandler Apartments, a 42-unit property in Chandler, AZ.
Built in 1973 and renovated in 2017, Harmony Chandler offers a buyer a value-add opportunity through interior renovations. Previous renovations in 2017 focused on the exterior of property. The property consists of 42 garden-style units that features a great unit mix of two-bedroom, one-bedroom and studio units. Each unit is individually metered for electricity and features large patios/balconies and yards that are available in select units. The community provides residents with spacious courtyard, dog park, tranquility garden, covered parking, barbecue grills, ramada and laundry facility.
Harmony Chandler Apartments is conveniently located in the heart of Chandler near Downtown Chandler and Chandler Fashion Center which host a vast amount of shopping, dining, and entertainment options. The location is also situated near Chandler High School, San Marcos Golf Course and the Arizona State University Research Center and Price Corridor technology-based employment hubs.
ABI Multifamily’s Doug Lazovick, Royce Munroe, John Kobierowski, Alon Shnitzer, Rue Bax and Eddie Chang represented the buyer and seller.
The buyer is based in California and seller is based in Arizona.
ABI Multifamily (http://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.