Phoenix, Ariz. – ABI Multifamily is proud to announce the $3,500,000 / $125,000 Per Unit / $138.89 per SF sale of Garden View Townhomes in Mesa, Ariz.
The Garden View Townhomes transaction consists of 28 individually parceled garden-style units at 524 South Stapley Drive in Mesa, Arizona in the Southwest Mesa submarket, conveniently located approximately 1.5 miles from the US 60 freeway to the south and Valley Metro Light Rail stations to both the northeast and northwest. The Arizona Loop 101 freeway lies five miles to the west.
Built in 1981, Garden View Townhomes is entirely comprised of two-bedroom/one-bath 900SF units. The community features gated access, large patios, a swimming pool and covered parking. Each unit is equipped with its own water heater and a full-sized washer and dryer.
ABI Multifamily Vice President Royce Munroe represented both the Buyer and the Seller.
“Garden View Townhomes is a well-established property in a submarket primed for significant growth and revitalization,” Munroe said. “It represents a fantastic value-add opportunity in terms of both interior and exterior upgrades.”
The Buyers and Sellers are Arizona-based private investors.