Vestis Group Completes 75-Unit Bulk Condo Sale In Phoenix For $2.6 Million
Vestis Group Completes 75-Unit Bulk Condo Sale In Phoenix For $2.6 Million
By Mandy Purcell | Commercial Executive Magazine
Vestis Group is pleased to announce that Principals Natan Jacobs and Les Litwin have completed the sale of 75-units (bulk condos) of Loma Bonita Condominium aka Mountain View Manor for $2,606,250 / $34,750 per unit.
The buyer, AHO, LLC, a local investor, purchased 75 of 92 units within the community. The seller consisted of 18 separate owners, the majority of which had previously taken title through foreclosure. Natan Jacobs and Les Litwin with Vestis Group in Phoenix represented the sellers in the sale. Jim Hill with Real Living S.J. Fowler Real Estate in Phoenix represented the Buyer in the sale.
75 units available for sale as a package (bulk condos) inside, Loma Bonita, a 92-unit garden-style condominium community, located at 1301 East Mountain View Road in Phoenix, AZ, built in 1984 and renovated for conversion in 2007. Loma Bonita offers spacious two-bedroom / one-bath condos of approximately 800 square feet in North Central Phoenix. Amenities include: Stainless Steel Appliances, In-Suite Washer/Dryer, Updated Kitchens and Bathrooms, Gated Community Pool, Dramatic Mountain Views (some units), Large Closets/Storage, Private Balconies/Patios and Two Laundry Facilities. – more at cem-az.com
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