$5M+ Deal – Apartment community in Mesa for $6.1M

Below is the deal that closed Wednesday, May 27, 2015, in Maricopa County over $5 million according to the Maricopa County Recorder. Rose Law Group Reporter has not independently verified these a transactions.

Price:  $6.1 million.

Buyer: 1248 South Vineyard Street LLC.

Seller: Country Villas LLC.

Property Type: Country Park Villas apartments, 97 units ($62,887 per unit).

Property Size: 3.6 acres.

Location:  South of the southwest corner and W. Southern Avenue and S. Vineyard Street (1248 S. Vineyard Street), in Mesa.

Financing: $1.525 million down on a conventional loan.

Details: The community offers one- and two-bedroom homes with upgraded interiors, new appliances including dishwasher and microwave, SRP electric, ceiling fans and vertical blinds.

Year built: 1971.

To view affidavit, click here.

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