Phoenix, AZ. (December 15, 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. ABI Multifamily's Carson Griesemer, Dallin Hammond, and Mitchell Drake represented the buyer and seller.
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 with 12 units in three one-story buildings. The unit mix consists of 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 well-maintained, with uniform roofs and HVAC units throughout.
This community is in a quiet residential neighborhood, 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 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, including Costco, Ikea, Lifetime Fitness, Main Event, and more.
ABI Multifamily (https://www.abimultifamily.com/) is a brokerage and advisory services firm focusing 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.