California Buyers Acquire First Avenue Townhouses In Mesa, AZ For $4.8M

The First Avenue Townhouses, a 20-unit multifamily apartment community located at 707-731 West 1st Avenue in Mesa, Arizona, has been sold for $4.8 million. The property, represented by ABI Multifamily's Mitchell Drake, Carson Griesemer, and Dallin Hammond, attracted both the buyer and seller from California.

Summary of transaction details

• Property Type: MultiFamily
• Transaction Amount: $4,800,000
• Number of Units: 20
• Price per Unit: $240,000
• Market: Mesa, AZ

ABI Multifamily's Mitchell Drake, Carson Griesemer, and Dallin Hammond played a pivotal role in facilitating the successful sale of the First Avenue Townhouses. The buyer and seller, hailing from California, chose to engage ABI Multifamily and entrusted the expertise of these brokers to represent them in the transaction. No additional details were provided regarding the parties involved or their motivations for the purchase or sale.