1346 East Willetta Street | 1346 East Willetta Street, Phoenix, AZ 85006 | 12 Units | $2,315,000 | $192,917 Per Unit | $265.48 Per SFF
PRESS RELEASE
FOR IMMEDIATE RELEASE
Contact:
Corporate Headquarters
ABI Multifamily
Phone: 602.714.1400
Company Website: www.ABImultifamily.com
Phoenix, AZ. (July 9, 2021) – ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $2,315,000 / $192,917 Per Unit / $265.48 Per SF sale of 1346 East Willetta Street, a 12-unit multifamily apartment property located in Phoenix, Arizona..
Built in 1959 and thoroughly renovated in 2020, 1346 East Willetta Street is a block-constructed apartment community situated in Downtown Phoenix within the highly popular and sought-after 85006 neighborhood. The property is comprised of (5) 1-bedroom / 1-bathroom units, (6) 2-bedroom / 1-bathroom units, and (1) 3-bedroom / 1-bathroom unit. Unit amenities include stainless-steel appliances, updated kitchen fixtures with quartz countertops, new cabinetry, new vinyl flooring, recessed lighting, and updated bathroom fixtures. All units enjoy an in-suite washer and dryer, covered parking, and are all individually metered for electricity and gas.
Dallin Hammond, Vice President at ABI, states “1346 East Willetta Street is a fully turnkey property located in the heart of the Miracle Mile of McDowell, which is experiencing a tremendous revitalization effort along McDowell Road between 7th Street and the 51 Freeway. The property went through a quality reposition about a year ago which included new electrical, plumbing, roofing, interior & exterior cosmetic upgrades, and more. With its proximity to Downtown Phoenix, Sky Harbor Airport, Banner University Medical Center, the Phoenix Art Museum, and the I-10 and 51 Freeways, 1346 East Willetta Street makes for a great investment for any investor searching for a turnkey asset in a booming subdivision."
ABI Multifamily's Dallin Hammond, Mitchell Drake, and Carson Griesemer represented the buyer and seller in this transaction.
The buyer is based in California and the seller is based in Canada.
ABI Multifamily (https://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.