ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $6,100,000 sale of The Harlow Townhomes, a 27-unit multifamily apartment community located in Tempe, Arizona.
Situated along the frontage of Broadway Road in the heart of Tempe and the southeast valley of Metro Phoenix, The Harlow Townhomes presents a rare opportunity to acquire a low-density 27-unit, 2019 renovated, luxury one- and two-story apartment community.
Each townhome (19 of 27 units) has an open concept floor plan with expansive nine-foot ceilings, quartz countertops, stainless steel appliances, custom cabinetry, full-size side-by-side washers and dryers, wood plank flooring throughout, designer paint, and many other luxury-home touches. The extensive property renovations include newer roofs, dual-pane doors, and windows. Other amenities include ample open parking, controlled access entry gates, enclosed dog park, pergola covered sitting area, BBQ, and swimming pool. The property also enjoys an on-site management office allowing for convenient coordination with current and prospective tenants.
The Harlow Townhomes is located a short drive from Arizona State University’s Tempe campus and just under a mile from the 101 freeway, providing terrific access. Some of the area’s largest employers include State Farm Insurance, City of Tempe, Salt River Project, Chase Bankcard Services, and Arizona State University.
The transaction was facilitated by ABI Multifamily’s Carson Griesemer, Dallin Hammond, and Mitchell Drake. The buyer is based in Arizona. The $6.1M sale equates to $225,926 Per Unit and $296.84 Per SF.
