Phoenix, AZ. (March 5, 2024) – ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $2,450,000 / $136,111 Per Unit / $218.36 Per SF sale of 1525 West Indian School Road, an 18-unit multifamily apartment community located in Phoenix, Arizona. The buyer was represented by ABI Multifamily's Andrew Arambula, Tom Palestina, and Bryce Neagle.
The buyer and seller are based in Arizona.
Built in 1959, 1525 West Indian School Road is an 18-unit, two-story, garden-style community in Phoenix, Arizona. The unit mix features four studio units, eight one-bedroom / one-bathroom units, and six two-bedroom / one-bathroom units. The property comprises block construction and flat roofs on 0.37 acres of land. The property provides parking for each unit and an on-site laundry facility.
1525 West Indian School Road is located in the Bel-Air neighborhood and less than one mile from the Melrose District along 7th Avenue. The property is also near Encanto Golf Course, Phoenix College, Saint Joseph’s Hospital, and Phoenix Country Club as well as the I-17, SR-51, and the I-10 Freeway.