Phoenix, Arizona – ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $3,200,000 / $200,000 Per Unit / $236.55 Per SF sale of Mountain View 2, a 16-unit multifamily apartment property located in Flagstaff, Arizona.
Built in 1968, Mountain View 2 is a mid-century, block-constructed apartment community in the heart of Flagstaff. The property is comprised of 16 two-bedroom / one-bathroom units which are all individually metered for electricity.
Mountain View 2 is within walking distance to the popular, historic downtown area filled with many dining options, boutiques, microbreweries, coffee shops, art galleries, and more. Many new restaurants have opened up in the last few years as both downtown and the Southside Historic District have seen a great influx of new businesses and continued gentrification. The property is also within minutes to Northern Arizona University and the many dining and shopping options at Aspen Place at the Sawmill. Mountain View 2 provides an incredible value-add opportunity in a submarket where available properties and transactions are very rare.
ABI Multifamily's John Klocek and Patrick Burch represented the buyer in this transaction. Dennis Kelly of Kelly & Call Commercial represented the seller.
The buyer and seller are based in Arizona.
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.