The Prez Apartments | 706 - 712 West Taylor Street, Phoenix, AZ 85007 | 10 Units | $1,700,000 | $170,000 Per Unit | $299.30 Per SF
PRESS RELEASE
FOR IMMEDIATE RELEASE
Contact:
Corporate Headquarters
ABI Multifamily
Phone: 602.714.1400
Company Website: www.ABImultifamily.com
Phoenix, AZ. (January 6, 2025) – ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $1,700,000 / $170,000 Per Unit / $299.30 Per SF sale of The Prez Apartments, a 10-unit multifamily apartment community located in Phoenix, Arizona. ABI Multifamily's Alex Gamboa and Colin Kreager represented the Seller in this transaction.
The buyer is based in Arizona and the seller is based in California.
The Prez Apartments is a 10-unit multifamily property located right outside the core of Downtown Phoenix and features a unit mix consisting of seven 2-bed / 1-bath units and three studio units. Community amenities include on-site laundry, ample outdoor space, gated dog park, several private yard spaces, and secure gated entry. The property features Spanish tile roof, well-maintained landscaping, and ambient bistro lights along the main walkway.
The Prez Apartments is nestled in the vibrant urban neighborhood known as The Triangle, just west of downtown and blocks from the acclaimed Grand Avenue Arts District and Roosevelt Row. Residents enjoy easy access to downtown amenities, including top-rated restaurants, bars, nightlife, coffee shops, ASU's downtown campus, and major employment centers. Additionally, the property offers significant potential for a new development project as its dynamic zoning allows for multifamily, commercial, hospitality, or mixed-use development projects, catering to diverse market demands. With over 30,000 vehicles passing daily along 7th Avenue, the visibility for these intended uses is ideal.
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.