Roosevelt | 2316 - 2318 East Roosevelt Street, Phoenix, AZ 85006 | 14 Units | $1,900,000 | $135,714 Per Unit | $175.73 Per SF
PRESS RELEASE
FOR IMMEDIATE RELEASE
Contact:
Corporate Headquarters
ABI Multifamily
Phone: 602.714.1400
Company Website: www.ABImultifamily.com
Phoenix, AZ. (January 5, 2024) – ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $1,900,000 / $135,714 Per Unit / $175.73 Per SF sale of Roosevelt, a 14-unit multifamily apartment community located in Phoenix, Arizona. The buyer was represented by ABI Multifamily's Carson Griesemer, Dallin Hammond, and Mitchell Drake.
The buyer is based in Arizona and the seller is based in Nevada.
Built in 1949 & 1986 and partially renovated in 2022, Roosevelt is a block-constructed apartment community situated in Downtown Phoenix. The property is situated on 2 parcels totaling over an acre of land comprised of (8) single-story buildings. The unit mix consists of (11) 2-bedroom / 1-bathroom units & (3) 1-bedroom / 1-bathroom units with an average size of 772 SF. Updates to the property include new roofs, windows, interior paint, and flooring.
Roosevelt is located within the 85006 neighborhood and is in close proximity to Downtown Phoenix, Phoenix Sky Harbor International Airport, Banner University Medical Center, Phoenix Children’s Hospital, the Phoenix Art Museum, and the I-10 and SR-51 Freeways.
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.