McKemy | 6115 South McKemy Street, Tempe, AZ 85283 | 12 Units | $3,250,000 | $270,833 Per Unit | $288.12 Per SF
PRESS RELEASE
FOR IMMEDIATE RELEASE
Contact:
Corporate Headquarters
ABI Multifamily
Phone: 602.714.1400
Company Website: www.ABImultifamily.com
Phoenix, AZ. (December 13, 2023) – ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $3,250,000 / $270,833 Per Unit / $288.12 Per SF sale of McKemy, a 12-unit multifamily apartment community located in Tempe, Arizona. The buyer and seller were represented by ABI Multifamily's Carson Griesemer, Dallin Hammond, and Mitchell Drake.
The buyer is based in California and the seller is based in Arizona.
Built in 1983 of block construction, McKemy is a garden-style apartment community that features 12 units in three, one-story buildings. The unit-mix consists 100% of two-bedroom / two-bathroom units with an average size of 940 SF. Each apartment in the community features spacious layouts, large private yards, covered parking spaces, vaulted ceilings, walk-in closets, and in-suite washers and dryers. 8 of the 12 units have been fully remodeled through interior renovations. The property is in well-maintained condition with uniform roofs and HVAC units throughout.
This community is nestled in a quiet residential neighborhood, situated just east of South Mountain Resort and around the corner from the historic Ken McDonald Golf Course. The property is within a mile and a half from the nearest on-ramps to both the I-10 and US 60 highways, allowing quick access to Downtown Phoenix and Sky Harbor International Airport. The property is also just a short drive to multiple shopping and entertainment options which include Costco, Ikea, Lifetime Fitness, Main Event, and more.
ABI Multifamily (https://www.abimultifamily.com/) is a brokerage and advisory services firm that focuses exclusively on apartment investment transactions. With offices in Phoenix, Las Vegas, San Diego, and Tucson, 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.