Press Release | ABI Multifamily Brokers 20-Unit Multifamily Apartment Community for $6,500,000

Phoenix AZ, Multifamily, Apartments, Investment Sales, Alon Shnitzer, Eddie Chang, Rue Bax, San Augustine Townhomes

San Augustine Townhomes | 2047 West Hayward Avenue, Phoenix, AZ 85021 | 20 Townhome Units | $6,500,000 | $325,000 Per Unit | $257.53 Per SF


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ABI Multifamily Brokers 20-Unit Northwest Phoenix Townhome Community for $6,500,000

Phoenix, AZ. (April 12, 2022) – ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $6,500,000 / $325,000 Per Unit / $257.53 Per SF sale of San Augustine Townhomes, a 20-unit multifamily townhome community located in Phoenix, Arizona. ABI Multifamily's Phoenix-based Institutional Apartment Group - Alon Shnitzer, Rue Bax, Eddie Chang, and Doug Lazovick represented the buyer and seller in this transaction.

The buyer and seller are based in Arizona.

San Augustine Townhomes is a 20-unit townhome rental community in the Northwest submarket of Phoenix, AZ. Situated on West Hayward Avenue in between West Northern Avenue and West Glendale Avenue, the property sits approximately nine miles north of Downtown Phoenix. Residents enjoy direct access to all areas of Phoenix by way of the Interstate-17, Interstate-10, and State Route 51. Immediate neighborhood conveniences and services include: Super Target, Walmart Supercenter, Fry’s Marketplace, Albertsons, and Walgreen’s Pharmacy.

Additionally, the property lies approximately 3.9 miles from Grand Canyon University, a major economic driver and boon to the area, as the school has invested more than $1 billion in infrastructure since 2009 which includes: laboratories, libraries, student support centers, residence halls and recreational facilities. As of fall 2021 enrollment data, traditional enrollment is reported as approximately 23,500 and the total student body amounting to nearly 113,500 (23,500 campus and 90,000 online enrollments) across all of its program offerings.

The 20 units are arranged in 5 two-story buildings (Three buildings with 4 townhomes, one building with 5 townhomes and one building with 3 townhomes) with wood frame construction, stucco exterior finishes, and pitched shingle roofs situated on approximately 1.16 acres of land. Community amenities include: playground, basketball court, BBQ grill, and landscaped areas.

The property consists exclusively of 20 three-bedroom / two-and-a half bathroom townhome units at 1,262 square feet each, not including the approximately 237 square foot one-car direct-access garage. Each unit is individually metered for electricity and includes washer / dryer appliances. Interior amenities include: Air conditioning / heating, breakfast bar, in-unit storage, walk-in closets, ceiling fans, vinyl plank flooring, and kitchen fully-equipped with refrigerator, oven / stove, microwave, and garbage disposal. All units are provided with an attached direct access one-car garage and feature a private yard.

Significant employers in close proximity to the property include the numerous companies located in Midtown, Downtown, and the Camelback Corridor, as well as Honeywell, HealthPort Technologies, Peckham Inc., Blue Cross Blue Shield of Arizona, HonorHealth John C. Lincoln Medical Center, and Abrazo Central Campus.

ABI Multifamily ( 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.