27th Drive Apartments | 5517, 5525, 5541 North 27th Drive, Phoenix, AZ 85017 | 15 Units | $2,625,000 | $175,000 Per Unit | $250 Per SF
FOR IMMEDIATE RELEASE
Company Website: www.ABImultifamily.com
Phoenix, AZ. (May 5, 2022) – ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $2,625,000 / $175,000 Per Unit / $250.00 Per SF sale of 27th Drive Apartments, a 15-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 and seller are based in Arizona.
Built in 1953, 27th Drive Apartments is a 15-unit, garden-style property comprised of block construction. The unit mix consists of three studio units and 12 2-bedroom / 1-bathroom units.
The property sits approximately one mile away from Grand Canyon University, less than four miles to Uptown Plaza 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 US Route 60.
An abundance of dining and entertainment options are just a short drive away at Uptown Plaza at the intersection of Camelback Road and Central Avenue where residents have ready access to desirable destinations such as: Postino’s, The Windsor, Federal Pizza, Joyride Taco House, Shake Shack, Lou Malnati’s Pizzeria, and Flower Child, among many more. The nearby 7th Street Restaurant Corridor also offers iconic dining options such as: Culinary Dropout, Bevvy Uptown, Pita Jungle, and Spinato’s Pizzeria.
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.