The View Apartments | 3024 North 24th Street, Phoenix, AZ 85016 | 50 Units | $7,300,000 | $146,000 Per Unit | $339.95 Per SF
FOR IMMEDIATE RELEASE
Company Website: www.ABImultifamily.com
Phoenix, AZ. (July 1, 2022) – ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $7,300,000 / $146,000 Per Unit / $339.95 Per SF sale of The View Apartments, a 50-unit multifamily apartment community located in Phoenix, Arizona. ABI Multifamily's Phoenix-based Institutional Apartment Group - Alon Shnitzer, Eddie Chang, Rue Bax, and Doug Lazovick represented the buyer and seller in this transaction.
The buyer is based in California and the seller is based in Arizona.
The View Apartments is a 50-unit garden-style apartment community located in the North Central Phoenix submarket of Phoenix, Arizona. Built in 1967, the property consists of 4 rental buildings constructed of masonry construction with flat roofing resting on a 1.01-acre site. The unit mix consists of 32 studio units and 18 one-bed / one-bath units with a weighted average of 429 square feet.
The property is situated near Downtown Phoenix with numerous dining and entertainment options nearby, including the Roosevelt Row Arts District where a collection of some of Phoenix’s most unique boutique shops and restaurants are housed in a walkable distance in the core of downtown. The View Apartment’s is in close proximity to a multitude of major transportation corridors such as: State Route 51, the Papago Freeway (Interstate-10), and South Mountain Freeway (Loop 202) provides residents with easy access to the entire Phoenix Valley.
Significant employers in close proximity to the property include the numerous companies located in Midtown, Downtown, and the Camelback Corridor, as well as Banner Health, St. Joseph’s Hospital, U-Haul International, Wells Fargo, JP Morgan Chase, and Phoenix Children’s Hospital.
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.