Vestis Group Completes Sale Of Melrose Place Apartments In Phoenix AZ

On November 19, 2013 by Vestis Group

Vestis Group Completes Sale Of Melrose Place Apartments In Phoenix AZ

By Editor | Real Estate Daily News

JMRS Melrose, LLC of San Diego, California sold the 13-unit Melrose Place Apartments, located at 3110 N 40th Street, in the sought after Arcadia neighborhood in Phoenix to a private investment group from Arizona for $750,000 ($58,000 per unit).

Melrose Place Apartments is a garden-style multifamily community located in east central Phoenix. Built in 1965, Melrose Place has a pitched, composition roof and concrete-block construction, with single-level buildings. The unit mix is comprised of 4 one-bedroom / one-bath units of approximately 800-square-feet each, 7 two-bedroom / two-bath units of approximately 1,000-square-feet and 2 three-bedroom / two-bath units of 1,225-square-feet. All units have spacious kitchens and large closets. Common area amenities included a swimming pool, covered parking and laundry facility.  - more at realestatedaily-news.com

 

 

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