ABI Brokers $5.78M Deal in Scottsdale

Phoenix MSA, multifamily investment sale, Downtown Scottsdale, apartments, El Dorado, Patrick Burch, John Klocek

El Dorado | 6825 East 4th Street, Scottsdale, AZ 85251 | 33 Units | Built in 1960 | $5,780,000 | $175,152 Per Unit | $134.75 Per SFEl Dorado | 6825 East 4th Street, Scottsdale, AZ 85251 | 33 Units | Built in 1960 | $5,780,000 | $175,152 Per Unit | $134.75 Per SF


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ABI Brokers $5.78M Deal in Scottsdale

Phoenix, AZ – October 19, 2018 – ABI Multifamily, the Western US’s leading multifamily brokerage and advisory services firm, is pleased to announce the $5,780,000 / $175,152 Per Unit sale of El Dorado located in Scottsdale, Arizona. Built in 1960, the property has a block and steel construction type, flat roofs, and rests on approximately 1.13-acres. This property has an attractive mix of (1) studio unit, (10) one-bedroom units, (21) two-bedroom units, and (1) three-bedroom unit with an average size of 886 SF. The property has a popular mid-century design with a resort-style pool and a spa & common area with fitness center. All utilities are mastered metered and Interior amenities include vinyl wood flooring, tile countertops, white appliances, linen closets, a den, and wood cabinetry. The community is located in the heart of Downtown Scottsdale, just walking distance to Old Town Scottsdale.

“The buyer was looking for a bite-size piece in a great location. After searching on and off market deals for a few months, El Dorado checked all the buyer’s boxes. We think this is a great long-term hold for them in an A location. We were thrilled to have been able to find this property for our client and to have been part of the transaction.” states Patrick Burch, Vice President of ABI Multifamily.

The buyer is a Colorado based investor.

The seller is a California based investor.

The multifamily brokerage team of Patrick Burch and John Klocek represented the buyer 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.