Imperial Arms | 3726 - 3730 East McDowell Road, Phoenix, AZ 85008 | 36 Units | $4,705,000 | $130,694 Per Unit | $249.28 Per SF
PRESS RELEASE
FOR IMMEDIATE RELEASE
Contact:
Corporate Headquarters
ABI Multifamily
Phone: 602.714.1400
Company Website: www.ABImultifamily.com
Phoenix, AZ. (December 13, 2024) – ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $4,705,000 / $130,694 Per Unit / $249.28 Per SF sale of Imperial Arms, a 36-unit multifamily apartment community located in Phoenix, Arizona. ABI Multifamily's Mitchell Drake, Dallin Hammond, and Carson Griesemer represented the Buyer and Seller in this transaction.
The Buyer and Seller are based in Arizona.
Originally in 1980, Imperial Arms is a well-maintained garden-style property consisting of 36 units. The property features an attractive unit mix of 10 studio units and 26 one-bedroom / one-bathroom units with a weighted average of 524 square feet. Community amenities include a pool, BBQ grills, an on-site laundry facility, additional storage options, and covered parking.
The property sits less than five miles from the Biltmore area, six miles northeast of Downtown Phoenix, and within close proximity to the highly regarded Arcadia neighborhood. Residents enjoy a premium, central location with direct access to all areas of Phoenix by way of Interstate 10, Loop 202, and State Route 51. The surrounding neighborhood offers a variety of conveniences, including Walgreens, Walmart Supercenter, Fry’s Food and Drug, Target, Costco Wholesale, CVS Pharmacy, and Chase Bank.
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.