Alvarado Place Apartments | 376 East Alvarado Road, Phoenix, AZ 85004 | 10 Units | $2,900,000 | $290,000 Per Unit | $424.54 Per SF
FOR IMMEDIATE RELEASE
Company Website: www.ABImultifamily.com
Phoenix, AZ. (May 3, 2022) – ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $2,900,000 / $290,000 Per Unit / $424.54 Per SF sale of Alvarado Place Apartments, a 10-unit multifamily apartment community located in Phoenix, Arizona. ABI Multifamily's Dallin Hammond, Mitchell Drake, and Carson Griesemer represented the buyer and seller in this transaction.
The buyer is based in California and the seller is based in Arizona.
Built in 1958 & renovated in 2014, Alvarado Place Apartments is a 10-unit apartment community in the heart of the popular Coronado Historic District. The property is comprised of (5) one-bedroom / one-bathroom units and (5) two-bedroom / one-bathroom units. The units feature many modern finishes such as black and silver appliances, dark wood cabinets, quartz countertops, polished concrete floors, and new fixtures and finishes.
Alvarado Place Apartments is walking distance to the 7th Street regentrification area of Midtown. The property is also just minutes to Downtown Phoenix, with the Stadium District only about 2 miles away, and is also a short distance to Roosevelt Row, ASU Downtown, and the Phoenix Biomedical Hub. Multiple light rail stations are right around the corner with the nearest one only a half of a mile away and residents enjoy direct access to all areas of Phoenix by way of the Interstate 10 and State Route 51.
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.