ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $9,500,000 / $279,412 Per Unit / $376.15 Per SF sale of Urbana at Hayward, a 34-unit multifamily apartment community located at 2020 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.
Urbana at Hayward is a 34-unit garden-style apartment community originally constructed in 1961 with recent renovations completed in 2021. The property features a phenomenal unit mix of (13) 1-bedroom / 1-bathroom and (21) 2-bedroom / 1-bedroom units. Each unit features vaulted ceilings, attached access carports, exterior storage closets, large private backyards, newly paved parking lot, brand new electrical panels (100 amperage) and a sparkling pool. Recent upgrades have been made to 10 of the units (29 percent) (all two bedrooms) featuring brand-new stainless-steel appliance packages, vinyl flooring, quartz countertops, bathroom fixtures, in-suite washer and dryer, and more. Light renovations have been made to two units, each of which are one-bedroom units. This single level garden-style community is pulled together by its round-about access route allowing for drive up access to each unit. The property is situated on roughly 2.4 acres giving the community an abundance of privacy.
Located in the Northwest submarket of Phoenix, Ariz. and situated on West Hayward Avenue between West Northern Avenue and West Glendale Avenue, Urbana at Hayward 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. Immediate neighborhood conveniences and services include Super Target, Sprouts Farmers Market, Albertsons, Walgreens Pharmacy.
Significant employers in close proximity to the property located along the I-17 employment corridor, Midtown and Downtown Phoenix, and the Camelback Corridor include Banner Health, St. Joseph’s Hospital, U-Haul International, Wells Fargo, JP Morgan Chase, and Phoenix Children’s Hospital.