Roanoke Terrace Apartments | 44 East Roanoke Avenue, Phoenix, AZ 85004 | 15 Units | $2,595,000 | $173,000 Per Unit | $301.39 Per SF
PRESS RELEASE
FOR IMMEDIATE RELEASE
Contact:
Corporate Headquarters
ABI Multifamily
Phone: 602.714.1400
Company Website: www.ABImultifamily.com
Phoenix, AZ. (August 12, 2024) – ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $2,595,000 / $173,000 Per Unit / $301.39 Per SF sale of Roanoke Terrace Apartments, a 15-unit multifamily apartment community located in Phoenix, Arizona. ABI Multifamily's Patrick Burch and John Klocek represented the Buyer & Seller in this transaction.
The Buyer is based in Arizona and the Seller is based in California.
Built in 1960, the Roanoke Terrace Apartments is a 15-unit, garden-style property situation on 0.35 acres of land. The property features a unit mix of (1) studio unit and (14) one-bedroom / one-bathroom units with a weighted average of 574 SF. Most units in the property have received renovations to interior units with upgrades including new flooring, cabinets, countertops, and kitchen appliances which complement the mid-century exterior architecture.
The property is located on East Roanoke Avenue just east of North Central Avenue and west of North 3rd Street in the heart of the rapidly developing Midtown Phoenix. Located just under a half mile from the nearest light rail station, just under one mile from the Creighton University Campus at the Park Central mixed-use complex, and just under two miles from Downtown Phoenix, residents have direct access to some of the choicest transportation methods, dining options, and recreational activities in the Phoenix Valley.
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.