ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $7,650,000 / $255,000 Per Unit / $297.96 Per SF sale of The Cottages on Hayward, a 30-unit multifamily apartment community located at 2021 West Hayward Avenue, Phoenix, Arizona 85021. ABI Multifamily’s Mitchell Drake, Dallin Hammond, and Carson Griesemer represented the seller in this transaction.
The buyer and seller are based in Arizona.
The Cottages on Hayward is a 30-unit garden-style apartment community originally constructed in 1970. The property features a phenomenal unit mix of (1) studio apartment and (29) 2-bedroom / 1-bedroom units. The property is situated on 2 acres, has a sparkling pool, newer roof, and has well-established landscaping throughout. All units are individually metered for electricity and gas. In addition, each unit has private backyards, exterior storage closets, and offer a fantastic opportunity to add-value through interior renovations along with the installation of in-suite washer and dryer.
The Cottages on Hayward is in the Northwest submarket of Phoenix, Ariz. and is situated on West Hayward Avenue in-between Northern Avenue and Glendale Avenue. The property sits approximately nine miles north of Downtown Phoenix and less than six miles from the Biltmore area. Residents enjoy a premium central location with direct access to all areas of Phoenix by way of Interstate 10, State Route 51, and the Valley Metro Light Rail located off 19th Avenue. Immediate neighborhood conveniences and services include Super Target, Sprouts Farmers Market, Albertsons, and Walgreens Pharmacy.