Vestis Group Brokers Sale Of Avalon Apartments In Mesa Arizona

Vestis Group Brokers Sale Of Avalon Apartments In Mesa Arizona

By Natan Jacobs | Vestis Group

(Phoenix – October 10, 2013) – Vestis Group is pleased to announce that brokers Cheryl Edwards, Natan Jacobs and Les Litwin have completed the sale of Avalon Apartments, aka Granite Reef Vista Apartments, a 5-unit multifamily community located Mesa, Arizona for $220,000 / $44,000 per unit.

Norka Enterprises LLC of Mesa, Arizona, sold the Avalon Apartments, located at 6425 E Avalon Street, in Mesa, Arizona to a private investor from Monterey Park, California for $220,000. Cheryl Edwards, Natan Jacobs and Les Litwin with Vestis Group in Phoenix represented the seller in the sale of this Mesa multifamily property. The buyer did not utilize outside representation in the sale.

Avalon Apartments is a 5 unit, garden-style multifamily community located in Mesa, Arizona. Built in 1987, Avalon Apartments has a pitched, composition shingle roof and wood-frame construction, and single-level building.

About Vestis Group

Vestis Group is the broker of choice for individuals and institutions investing in multifamily residential and commercial real estate throughout Metropolitan Phoenix. Our advisors assist clients in the acquisition and disposition of multifamily investment and retail investment assets, including, apartments, bulk condo packages, duplex/triplex/fourplex properties, single-family rental portfolios (SFR Portfolios), income producing single-family investment properties, neighborhood strip centers, retail power centers, retail strip centers, neighborhood grocery, retail PAD and retail shopping centers. In the field of housing, Vestis Group’s principals have developed, built, rehabilitated, constructed, improved, managed, and sold thousands of apartments units, condos, single-family homes and home sites.

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