$5M+ Deals – 74 unit apartment building in North Central Phoenix

Below is the deal that closed Tuesday, July 14, 2015 in Maricopa County over $5M according to the Maricopa County Recorder. Rose Law Group Reporter has not independently verified these transactions.

Price: $5M
Buyer:  Inhabit Apts LLC
Seller:  Cabana on Seventh Apartments, LLLP
Property Type:  74 Unit Apartment Building, Cabana on Seventh
Property Size:  2.2 acres
Location:  SEC of E. Montebello Ave & N 7th St in Phoenix (5615 N 7th St)
APN:  162-07-047A & 162-07-047C
Financing:  $450,000 down on new conventional loan

To view the affidavit, click here.

Share this!

Additional Articles

Motel to be repurposed into housing for Phoenix seniors

(Courtesy Arizona Housing Fund) By Mark Carlisle | YourValley A former Super 8 motel in central Phoenix will be repurposed into transitional affordable housing for seniors exiting homelessness. It joins a similar affordable housing project for seniors right next door, which opened earlier

Read More »
News Categories

Get Our Twice Weekly Newsletter!

* indicates required

Rose Law Group pc values “outrageous client service.” We pride ourselves on hyper-responsiveness to our clients’ needs and an extraordinary record of success in achieving our clients’ goals. We know we get results and our list of outstanding clients speaks to the quality of our work.

Housing starts decline

By NAHB Constrained housing affordability conditions due to elevated interest rates, rising construction costs and labor shortages led to a reduction in housing production in March. Overall housing starts decreased 11.4% in

Read More »