ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $7,000,000 / $333,333 Per Unit / $338.16 Per SF sale of Bella Villas Apartments, a 21-unit multifamily apartment community located in Scottsdale, Arizona. ABI Multifamily’s Royce Munroe represented the buyer and seller.
The buyer and seller are based in Arizona.
Built in 1960, Bella Villas Apartments is a 21-unit garden-style condominium community comprised of 100 percent two-bedroom / one-bathroom floorplans with 10 of those units being townhome-style floorplans. Tenants will enjoy onsite laundry, private yards, covered parking, and a community swimming pool. Interior amenities include air conditioning / heating, refrigerator, and range / oven.
Bella Villas Apartments is located adjacent to ASU’s SkySong Center in Scottsdale and is equidistant to Old Town Scottsdale and Downtown Tempe. The property also has easy access to the 101 and 202 Freeways and is just a short drive to Sky Harbor International Airport, the Arizona State University Tempe Campus, Tempe / Marina Heights employment hub, and all the dining and retail options available at the Tempe Marketplace.