North County Apartment Building Sells

SAN DIEGO - July 14, 2013 - PRLog -- The four (4) unit apartment building located at 725 E. Elder Street in Fallbrook, CA has been sold for $620,000. The subject property was built in 1965 and consists of four (4) 3bdr/1bth units with a carport parking in the rear.  Anthony J. Mendes, Senior Director of Apartment Realty Group (ARG) negotiated the transaction on behalf of the buyer.The transaction was a ‘Fannie Mae REO’ and purchased conventionally with an LTV of 75%.

For more information, please contact Anthony J. Mendes at (619) 222-9502, AMendes@ARG1031.com

Apartment Realty Group (ARG) is strategically focused on multi-family investments and has a proven track-record of value-added brokerage services. ARG has been able to provide sellers with specialized strategies to maximize property values by creating competition for each marketing assignment as well as providing buyers and 1031 exchange clients with sound investment options which are not generally available in the marketplace. Visit us online at: http://www.apartmentrealtygroup.com/