ABI Multifamily Brokers Facilitate $2.6M Sale Of 20-unit Phoenix Multifamily Property

6623, 6627, 6631, 6624 & 6632 South 11th Street in Phoenix, AZ, was the site of a recent closed transaction involving the sale of 1011 Apartments, a multifamily community. The property was sold for $2.6 million, comprising a total of 20 units. This equated to a per unit price of $130,000. The deal was facilitated by Carson Griesemer & Mitchell Drake from ABI Multifamily. The buyer and seller, both undisclosed, are based in Arizona.

Summary of transaction details:

• Property Type: Multifamily
• Transaction Amount: $2,600,000
• Units: 20
• Price Per Unit: $130,000
• Brokers: Carson Griesemer & Mitchell Drake - ABI Multifamily

The involvement of ABI Multifamily's brokers, Carson Griesemer & Mitchell Drake, was crucial in finalizing the deal for the purchase of 1011 Apartments. The transaction, valued at $2.6 million, highlighted the expertise and negotiation skills of the real estate professionals in managing the sale of the multifamily property in Phoenix, AZ.