The Vue Apartments | 1503 West Missouri Avenue, Phoenix, AZ 85015 | 26 Units | $4,800,000 | $184,615 Per Unit | $223.57 Per SF
FOR IMMEDIATE RELEASE
Company Website: www.ABImultifamily.com
Phoenix, AZ. (December 3, 2021) – ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $4,800,000 / $184,615 Per Unit / $223.57 Per SF sale of The Vue Apartments, a 26-unit multifamily apartment community located in Phoenix, Arizona. The Buyer was represented by ABI Multifamily's Mitchell Drake, Dallin Hammond, and Carson Griesemer.
The Vue Apartments were completed in 1967 and consists of 26 total units. Situated on North 15th Avenue in between West Colter Street and West Missouri Avenue in the North Central submarket of Phoenix, AZ, the property sits less than five miles from the Biltmore area and approximately six miles north of Downtown Phoenix. Residents enjoy a premium, central location with 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: Target, Walmart Supercenter, Fry’s Marketplace, AJ’s Fine Foods, Natural Grocers, Sprouts Farmers Market, Chase Bank, Walgreens Pharmacy, and Wells Fargo Bank.
The 26 units are arranged in 2 two-story buildings with concrete block construction situated on approximately 0.78 acres of land. The property consists of 18 two-bedroom / one-and-a-half bathroom townhome style units and 8 one-bedroom / one-bathroom units with a weighted average of 826 square feet. Each unit is individually metered for electricity. Community amenities include: swimming pool, covered parking, private back yards and laundry facility.
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.
The buyer and seller are based in California.
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.