FOR IMMEDIATE RELEASE – January 16, 2015
VESTIS GROUP BROKERS SOUTH MOUNTAIN MOBILE HOME PARK SALE IN PHOENIX
(Phoenix – January 16, 2015) – Vestis Group is pleased to announce that Brokers Natan Jacobs, Les Litwin and Victoria Miachika have completed the sale of South Mountain Mobile Home Park, an 8-unit multifamily community located at 2533 W Dobbins Road, in south Phoenix, Arizona for $200,000 or $25,000 per unit.
South Mountain Mobile Home Park is an eight (8) unit, multifamily community located in southwest Phoenix just north of South Mountain Park, the largest municipal park in the United States and one of the largest urban parks in North America. The property is situated on Dobbins Road, just east of 27th Avenue, approximately 4.8 miles south of Interstate 17 and 7 miles south of Interstate 10. South Mountain Mobile Home Park is comprised of seven (7) single wide spaces, one (1) single family home, and one (1) freestanding leasing office. Six (6) of the mobiles are park-owned and one (1) vacant mobile home requires some rehab. The park is individually metered for electric and is on a septic system.
The buyer, The Bakerson Family Fund, LLC, plans to improve the property and hold for investment.
The seller, a private investor from Phoenix, Arizona, owner-managed the park for several years and is looking forward to retirement.
The Phoenix based Vestis Group multifamily brokerage team of Natan Jacobs, Les Litwin and Victoria Miachika represented the seller in the transaction. The Buyer was represented by Laura Good of S.J. Fowler Real Estate of Mesa, Arizona.
Vestis Group is the broker of choice for individuals and institutions investing in multifamily residential real estate throughout Metropolitan Phoenix. Our advisors assist clients in the acquisition and disposition of multifamily investment assets, including, apartments, bulk condo packages, duplex/triplex/fourplex properties, single-family rental portfolios (SFR Portfolios) and income producing single-family investment properties. 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.
About Vestis Group
Vestis Group is a leading Multi Family Investment sales and Advisory Services firm with a proven track-record of providing value added brokerage services coupled with innovative and ongoing real estate investment strategies.
Our mission is to ensure that owners and investors receive the most efficient research, marketing, real estate consultation and transaction services available. We pride ourselves on our ability to deliver added value to our clients by building uncompromising and long-lasting relationships with our partners.
Vestis Group serves multi family owners and investors with a full suite of commercial real estate services, including Buyer Representation, Project Marketing & Sales, Asset Management, Condominium Association Management, Project & Development Services, Research and Consulting.