Vestis Group Brokers Sale Of Grandview Terrace Apartments in Phoenix
By Natan Jacobs | Vestis Group
(Phoenix – July 10, 2013) – Vestis Group is pleased to announce the completed sale of Grandview Terrace Apartments, a 36-unit multifamily property, located at 2424 East Grandview Road in Phoenix, Arizona, for $1,350,000 / $37,500 per unit.
Woodridge Manor Holding, Inc. sold the Grandview Terrace Apartments in Phoenix to Wiliam & Cynthia Jarvis from Hawaii for $1,350,000. Natan Jacobs and Les Litwin of Vestis Group represented the Seller in the sale of this Phoenix apartment complex. Rick Horst of Keller Williams Arizona Realty represented the Buyer. The new owner plans to hold the recently renovated apartments long term.
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.