Holly & 50th Street Portfolio | 4917 East Holly Street & 2002 & 2010 North 50th Street, Phoenix, AZ 85008 | 30 Units | $5,000,000 | $166,667 Per Unit | $195.86 Per SF
PRESS RELEASE
FOR IMMEDIATE RELEASE
Contact:
Corporate Headquarters
ABI Multifamily
Phone: 602.714.1400
Company Website: www.ABImultifamily.com
Phoenix, AZ. (February 19, 2024) – ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $5,000,000 / $166,667 Per Unit / $195.86 Per SF sale of the Holly & 50th Street Portfolio, a two-property 30-unit multifamily portfolio located in Phoenix, Arizona. The buyer was represented by ABI Multifamily's John Klocek and Patrick Burch.
The buyer and seller are based in Arizona.
The Holly Villas Apartments is a 22-unit, garden-style apartment community in Phoenix, AZ. Built in 1963, the property consists of six single-story block-constructed buildings with 22 2-bedroom / 2-bathroom units. Consisting of six separate lots, the property sits on a total of 1.49 acres of R-3 zoned land.
The 50th Street Apartments is an 8-unit, garden-style apartment community in Phoenix, AZ. Built in 1976, the property consists of two single-story block-constructed buildings with 7 two-bedroom / 1-bathroom units and 1 3-bedroom / 1-bathroom unit. Consisting of two separate lots, the property sits on a total of 0.48 acres of R-3 zoned land.
The properties are surrounded by multiple dining, entertainment, and shopping hubs which includes the Fashion Square Mall district at Old Town Scottsdale, the Mill Avenue entertainment district in downtown Tempe, and a multitude of event venues and dining options at Downtown Phoenix. Residents will have access to some of the valley’s most popular local destinations within a 15-minute drive. Furthermore, both properties rest near the base of the Papago Peak and Papago Park region of the Valley. A choice selection of hiking and outdoor recreational activities are within walking distance which also include the Phoenix Zoo, Desert Botanical Gardens, and a multitude of golf courses.
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.