Bulk Condos Sale in Phoenix Arizona | Vestis Group

Loma Bonita | Bulk Condos | Phoenix Multifamily For Sale

Loma Bonita | Bulk Condos | Phoenix Multifamily For Sale

Multifamily For Sale in Phoenix Arizona – 75-Units (Bulk Condos)

 

Loma Bonita | Bulk Condos | Phoenix Multifamily For Sale

1301 E Mountain View Road, Phoenix, AZ 85020

$2,606,250

60,000 SF Bldg

75 Units

7.5% Cap Rate

Garden/Low-Rise

SOLD: COE 10/31/13

 

AREA DESCRIPTION

Loma Bonita is located at 1301 East Mountain View Road in Phoenix, Arizona. With frontage on Mountain View Road, Loma Bonita is situated among a quite residential neighborhood surrounded by single-family homes, nestled in the foothills of the majestic Phoenix Mountains, adjacent to prestigious Squaw Peak in North Central Phoenix. The property enjoys easy access to the SR-51 Freeway, 7th Street and Cave Creek Road all major North/South thoroughfares. In addition, the property is within proximity to the Pointe Golf Club at Lookout Mountain where homes are valued at over $1 million. Major employers in the area include John C. Lincoln North Mountain Hospital, PING, Inc., Southwest Gas, Arizona Christian University, Goodwill of Central Arizona, Arizona Army National Guard, Pointe Hilton Tapatio Cliffs Resort and Pointe Hilton Squaw Peak Resort.

PROPERTY DESCRIPTION

75 units available for sale as a package (bulk condos) inside, Loma Bonita, a 92 unit, garden-style condominium community located in Phoenix, Arizona. Built in 1984, Loma Bonita has a pitched composition shingle roof and wood-frame and stucco construction, one-level and two-level buildings and is individually metered for electricity. The unit mix is comprised of 75 two-bedroom / one-bath units of approximately 800 square feet. All the units have spacious kitchens, vertical blinds, stainless steel appliances, large closets, ceiling fans and washer/dryer in some units. Common area amenities include a a swimming pool, laundry facilities, picnic and barbecue areas.

DRIVE BY ONLY. PLEASE DO NOT DISTURB THE TENANTS OR ONSITE STAFF. PROPERTY TOURS WILL BE SCHEDULED UPON RECEIPT OF LETTER OF INTENT AND PROOF OF FUNDS – PLEASE ALLOW 48-HOURS NOTICE. PLEASE CONTACT LISTING BROKER FOR ADDITIONAL INFORMATION. THANK YOU.

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REQUEST OFFERING MEMORANDUM 

 

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