Press Release | ABI Multifamily Brokers $2.7M, 14-unit Phoenix Apartment Community

Phoenix AZ, Multifamily, Apartments, Investment Sales, Ryan Smith, Dallin Hammond, Mitchell Drake, Sir John's

Sir John's | 3141 North 37th Street, Phoenix, AZ 85018 | 14 Units | $2,700,000 | $192,857 Per Unit | $226.89 Per SF
Sir John's | 3141 North 37th Street, Phoenix, AZ 85018 | 14 Units | $2,700,000 | $192,857 Per Unit | $226.89 Per SF


PRESS RELEASE
FOR IMMEDIATE RELEASE

Contact:
Corporate Headquarters
ABI Multifamily
Phone: 602.714.1400
Company Website: www.ABImultifamily.com


ABI Multifamily Brokers $2.7M, 14-unit Phoenix Apartment Community


Phoenix, AZ – June 5, 2019: ABI Multifamily – the Western US's leading multifamily brokerage and advisory services firm – is proud to announce the $2,700,000 / $192,857 Per Unit / $226.89 Per SF sale of Sir John’s Apartments in Phoenix, Arizona.


Sir John’s is a 14-unit garden-style apartment community situated in the East Phoenix submarket’s Camelback East neighborhood, named by Zillow as most popular Phoenix neighborhood in 2018. The community’s location features nearly 20 restaurants in the immediate vicinity and makes it easily accessible to boutique and specialty retail and the State Route 51 freeway.


Built in 1967 and renovated in 2018, Sir John’s 14 two-bed/one bath units feature high-end fixtures and finishes throughout, modern countertops, plank flooring and stainless steel appliances.


ABI Multifamily’s VP Ryan Smith and the Private Apartment Team of Mitchell Drake and Dallin Hammond represented the Seller.


“Sir John’s Apartments are really a great mix of desirable features,” said Smith. “The property is small enough and classic enough to have a distinct feel and personality, but the interior renovations justify and promote rental rates that will provide a comfortable return on the Buyer’s investment.”


The Seller is an Arizona-based private investment company. The Buyer is a private investor based in California.


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.