Mode 39 Arcadia Townhomes | 3021 North 39th Street, Phoenix, AZ 85018 | 13 Units | $3,700,000 | $284,615 Per Unit | $176.23 Per SF
PRESS RELEASE
FOR IMMEDIATE RELEASE
Contact:
Corporate Headquarters
ABI Multifamily
Phone: 602.714.1400
Company Website: www.ABImultifamily.com
Phoenix, AZ (April 21, 2020) - ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western U.S., is proud to announce the $3,700,000 / $284,615 per Unit sale of Mode 39 Arcadia Townhomes, a 13-unit property in Phoenix.
Mode 39 Arcadia Townhomes is located near the Arcadia area of Phoenix in the highly sought-after 85018 zip code, a short drive away from the heart of Old Town Scottsdale as well as the Biltmore & Camelback corridor. The community is surrounded by various Arcadia shopping, dining, and entertainment options.
Built in 1964 and renovated in 2015, Mode 39 Arcadia Townhomes consists of 13 mid-century townhome units in a quiet residential neighborhood. All units are individually parceled with two car covered parking spaces with direct access, private patios, and in-suite washer & dryers. The unit mix consists of all 3-bedroom/2.5-bathroom units averaging 1,615 SF with tenants paying all utilities.
“This is a phenomenal property in lower Arcadia...one that the buyer will be proud to own long term” says ABI Vice President Patrick Burch. “It is one of the nicest properties we have worked on and had a ton of interest and sold quickly.”
ABI Multifamily’s John Klocek and Patrick Burch represented the buyer and seller.
The buyer is a Colorado-based private investment. The seller is an Arizona-based private investment firm.
ABI Multifamily (http://www.abimultifamily.com/) is a brokerage and advisory services firm focused 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.