A Commercial Bank Owned MultiFamily apartment complex sold for $260,000 as a quick cash deal in Phoenix, AZ. Creative Commercial Investments, LLC purchased the Landing Pointe Apartments at 2417 W Campbell Ave in Phoenix from D. Brown, L.Brown and R. Randazzo of Pomona, CA. 
The complex was built in 1983 and is about 15,600 square-feet with just over a half acre. The twenty-four unit building is completely vacant and in need of about $4,000 worth of renovations per unit before they can be rented out to tenants.
This is a great example of experienced investors that acted fast to get a great deal. They understand how rare it is for MultiFamily Properties to be priced so low.
Marc Brodeur BS, DC
Commercial Realtor
Marc@PhoenixCommercialRealEstate.com
Direct (602) 692-4288
www.PhoenixCommercialRealEstate.com
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About the Author: Marc Brodeur BS, DC is a top Commercial Realtor in the Phoenix, AZ area. He specializes in Commercial Foreclosures and Multi-Family Properties. His advanced knowledge of the Commercial Real Estate market gives him an advantage over other commercial realtors. He welcomes your questions at Marc@PhoenixCommercialRealEstate.com or (602) 692-4288.
