Plaza East | 807 - 819 West 3rd Street, Tempe, AZ 85281 | 12 Units | $2,328,000 | $194,000 Per Unit | $373.08 Per SF
PRESS RELEASE
FOR IMMEDIATE RELEASE
Contact:
Corporate Headquarters
ABI Multifamily
Phone: 602.714.1400
Company Website: www.ABImultifamily.com
Phoenix, AZ. (February 12, 2025) – ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $2,328,000 / $194,000 Per Unit / $373.08 Per SF sale of Plaza East, a 12-unit multifamily apartment community located in Tempe, Arizona. The Buyer was represented by ABI Multifamily's Dallin Hammond, Mitchell Drake, and Carson Griesemer.
The buyer and seller are based in California.
Plaza East features a thoughtfully designed community with 12 one-bedroom, one-bathroom units, each averaging 520 square feet. Built in 1963 and renovated in 2016, the property boasts modern amenities, including stainless steel appliances, updated lighting fixtures, and stylish bathrooms. Each unit also includes in-unit washers and dryers, as well as private patios leading to spacious yards.
Plaza East is just minutes away from numerous employment drivers including Arizona State University, Carvana, State Farm Insurance, Insight Enterprises, SRP, Amazon corporate offices, Wells Fargo Bank, and Honeywell and has easy access to major transportation arteries such as the I-10 (Maricopa Freeway), Loop 202 (Red Mountain Freeway), SR-143 (Hohokam Expressway), US-60 (Superstition Freeway), in addition to Phoenix Sky Harbor International Airport. Residents of Plaza East also enjoy easy access to an abundance of retail amenities in Downtown Tempe’s Mill Avenue corridor and ample outdoor recreational locales.
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.