Avalon Palms Apartments | 6616 - 6628 East Avalon Drive, Scottsdale, AZ 85251 | 12 Units | $3,590,000 | $299,167 Per Unit | $349.90 Per SF
PRESS RELEASE
FOR IMMEDIATE RELEASE
Contact:
Corporate Headquarters
ABI Multifamily
Phone: 602.714.1400
Company Website: www.ABImultifamily.com
Phoenix, AZ. (September 8, 2025) – ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $3,590,000 / $299,167 Per Unit / $349.90 Per SF sale of Avalon Palms Apartments, a 12-unit multifamily apartment community located in Scottsdale, Arizona. ABI Multifamily's Mitchell Drake, Dallin Hammond, and Carson Griesemer represented the Seller in this transaction.
The Buyer is based in New York and the Seller is based in Arizona.
Avalon Palms Apartments is a turnkey 12-unit multifamily asset comprised of three individually parceled fourplexes. Originally built in 1962, the property underwent a comprehensive renovation in 2022. Each unit features a spacious 2-bedroom, 1-bathroom layout spanning approximately 855 square feet, thoughtfully upgraded to meet the demands of today’s short-term rental market. Residences include in-unit washers and dryers, modern kitchens with stainless steel appliances, updated bathrooms with designer tile, and private patios opening to a beautifully landscaped courtyard shaded by mature trees.
Additional amenities include private exterior storage for each unit, covered parking, and individual electric meters helping to reduce operating costs and enable utility pass-throughs. The design and layout support flexible leasing strategies, whether continuing as a high-performing vacation rental or converting to long-term tenancy.
Ideally situated in the heart of Scottsdale, Avalon Palms offers easy access to Old Town, Arizona State University Tempe Campus, major employment centers, premier dining, entertainment, and upscale retail. Whether held as a long-term investment, operated as a short-term rental portfolio, or resold as individual fourplexes, this asset offers an exceptional blend of location, quality, flexibility, and upside potential.
ABI Multifamily (https://www.abimultifamily.com/) is a brokerage and advisory services firm that focuses exclusively on apartment investment transactions. With offices in Phoenix, Las Vegas, San Diego, and Tucson, the experienced advisors at ABI Multifamily have completed billions of dollars in sales and thousands of individual multifamily transactions. ABI Multifamily incorporates a global approach with regional real estate expertise to successfully complete any multifamily transaction, regardless of size and complexity.