As a follow up to my article on apartments in Phoenix I found this and wanted to link to it.
Two large complexes of apartments in Phoenix sold recently for $10 million.
They were sold to limited liability corporations of Mentor Properties Inc. located in Scottsdale, Arizona. According to http://www.bizjournals.com/phoenix/news/2011/06/29/two-apartment-complexes-fetch-10.html the seller was a court appointed receiver.
The first complex has 486 units and was constructed in the 70’s.
The second is a 241 unit complex and was constructed in 1981.
How about you? Any luck finding Phoenix apartments? Comment below.
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[Image credit: nelanah]