Phoenix, AZ. (July 3, 2024) – ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $2,825,000 / $235,417 Per Unit / $323.75 Per SF sale of The Hardy, a 12-unit multifamily apartment community located in Tempe, Arizona. ABI Multifamily's Mitchell Drake, Dallin Hammond, and Carson Griesemer represented the Buyer and Seller in this transaction.
The Buyer is based in California and the Seller is based in Arizona.
Built in 1982-1985, The Hardy is a 12-unit, garden-style property situated on three parcels of land totaling 0.82 acres. The unit mix features (4) one-bed / one-bath units and (8) two-bed / one-bath units with a weighted average of 727 SF. The property features ample parking and luxurious landscaping.
The Hardy is just minutes away from numerous employment drivers including Arizona State University, Carvana, State Farm Insurance, Insight Enterprises, SRP, Amazon corporate offices, Wells Fargo Bank, and Honeywell and has easy access to major transportation arteries such as the I-10 (Maricopa Freeway), Loop 202 (Red Mountain Freeway), SR-143 (Hohokam Expressway), US-60 (Superstition Freeway), in addition to Phoenix Sky Harbor International Airport. Residents of The Hardy also enjoy easy access to an abundance of retail amenities in Downtown Tempe’s Mill Avenue corridor and ample outdoor recreational locales.