Villa Hermosa | 5740 North 10th Street, Phoenix, AZ 85014 | 14 Units | $3,920,000 | $280,000 Per Unit | $370.37 Per SF
PRESS RELEASE
FOR IMMEDIATE RELEASE
Contact:
Corporate Headquarters
ABI Multifamily
Phone: 602.714.1400
Company Website: www.ABImultifamily.com
Phoenix, AZ. (October 21, 2021) – ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $3,920,000 / $280,000 Per Unit / $370.37 Per SF sale of Villa Hermosa in Phoenix, Arizona. ABI Multifamily's Mitchell Drake, Dallin Hammond, and Carson Griesemer represented the buyer and seller in this transaction.
Built in 1966 and renovated in 2020, Villa Hermosa is a 14-unit boutique apartment community comprised of all two-bedroom / one-bathroom units. The property features fully renovated interiors which includes stainless-steel appliance packages, quartz countertops, new cabinets, new roofs, and HVAC units. All units are individually metered for electricity and gas. Exterior amenities include: private front patios for each unit, community garden, and ample unit-side parking.
Villa Hermosa is located in a residential neighborhood in the heart of Uptown Phoenix just minutes from Restaurant Row, Uptown Plaza, and luxury shopping and entertainment options. The property is just a short drive to the US-51 and I-17 Freeways.
The buyer is based in California and the seller is based in Arizona.
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.