Press Release | ABI Brokers $1.76M Apartment Sale in Tempe

Tempe, multifamily investment sale, apartments, Don Carlos Apartments, Phoenix MSA, Ryan Smith, Mitchell Drake, Dallin Hammond, Paul Perry

Don Carlos Apartments | 1825 East Don Carlos Avenue, Tempe, AZ 85281 | 14 Units | Built in 1979 | $1,764,000 | $126,000 Per Unit | $219.18 Per SFDon Carlos Apartments | 1825 East Don Carlos Avenue, Tempe, AZ 85281 | 14 Units | Built in 1979 | $1,764,000 | $126,000 Per Unit | $219.18 Per SF

PRESS RELEASE
FOR IMMEDIATE RELEASE
Contact:
Corporate Headquarters
ABI Multifamily
Phone: 602.714.1400
Company Website: www.ABImultifamily.com


ABI Brokers $1.76M Apartment Sale in Tempe



Phoenix, AZ – September 25, 2018 – ABI Multifamily, the Western US’s leading multifamily brokerage and advisory services firm, is pleased to announce the $1,764,000 / $126,000 Per Unit sale of Don Carlos Apartments located in Tempe, Arizona. Built in 1979 and remodeled with a garden-style finish in 2018. Don Carlos Apartments is made up of two, one story buildings constructed from a concrete foundation and a block frame. The property has flat roofs and rests on approximately 0.51-acres. The unit mix consists of (12) one bed / one bath units and (2) two bed / one bath units with an average size of 558 SF. Interior amenities include granite countertops, new black and silver appliances, washer and dryer in-unit, glass tile backsplash, new fixtures and finishes, tile flooring, and white cabinets. The location of the property rests just minutes away from Tempe Town Lake, Mill Avenue Entertainment District, and Arizona State University Tempe Campus.


The buyer is a Colorado based investor.


The seller is an Arizona-based investor.


The multifamily brokerage team of Ryan Smith, Nathan Bruer, Dallin Hammond, Paul Perry and Mitchell Drake represented both the buyer and seller in this transaction.


ABI Multifamily (http://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.