Willetta 24 | 4901 - 4917 East Willetta Street, Phoenix, AZ 85008 | 24 Units | $3,200,000 | $133,333 Per Unit | $211.64 Per SF
FOR IMMEDIATE RELEASE
Company Website: www.ABImultifamily.com
Phoenix, AZ. (May 14, 2021) – ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $3,200,000 / $133,333 Per Unit / $211.64 Per SF sale of Willetta 24, a 24-unit multifamily apartment property located in Phoenix, Arizona.
Built in 1960, Willetta 24 is a garden-style, block-constructed apartment community comprised of (18) one-bedroom / one-bathroom units and (6) two-bedroom / one-bathroom units. The property features a distinctively unique layout and large, open courtyard and presents a fantastic value-add opportunity through interior & exterior renovations.
Willetta 24 is centrally located between Tempe and Scottsdale and is in close proximity to the prestigious Arcadia neighborhood. The property provides easy access to the 202 and 143 Freeways and is only a short distance to the 50th Street and Washington light rail station. The property is just a 7-minute drive to Papago Park, the Desert Botanical Garden, and the Phoenix Zoo and is only 5 minutes to Sky Harbor International Airport. Immediate neighborhood conveniences include Costco, Safeway, Target, and CVS Pharmacy.
ABI Multifamily's Andrew Arambula, Tom Palestina, and Bryce Neagle represented the buyer and seller in this transaction.
The buyer is based in Virginia and the seller is based in North Carolina.
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.