Phoenix, AZ. (August 25, 2023) – ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $2,266,000 / $141,625 Per Unit / $213.77 Per SF sale of Mountain View Apartments, a 16-unit multifamily apartment community located in Phoenix, Arizona. ABI Multifamily's Mitchell Drake, Dallin Hammond, and Carson Griesemer represented the seller in this transaction.
The buyer and seller are based in Arizona.
Mountain View Apartments is a 16-unit apartment community constructed in 1982 and features (8) 1-bedroom / 1-bathroom and (8) 2-bedroom / 1-bathroom units which consist of (3) fully renovated units and (13) classic units with potential for upgrades. The garden-style apartment community provides parking for each unit and on-site laundry facilities. Each unit is individually metered for electricity and is equipped with solar panels, which is an excellent feature for residents looking for energy efficiency. The classic units offer an opportunity to add value and continue upgrades to maximize the property's potential.
Mountain View Apartments is located at 1703 West Mountain View Road in Phoenix, AZ. Situated in the sought-after Mountain View Acres subdivision of Phoenix, the property boasts tremendous upside and is surrounded by new restaurants, schools, and recreational parks. It is minutes from North Mountain Park, famous for its numerous hiking trails and wildflower viewing, and within walking distance to the Arizona Canal Trail. Mountain View Apartments is also conveniently located close to the I-17 Highway and is within biking distance to the 19th Avenue and Dunlap light rail station.
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.