Description

Mountain View Acres Apartments, built in 1986, is built of wood
frame construction with pitched roofs and is individually metered for
electricity. The property consists of 100% two-bedroom floor plans that
are spacious and well designed. This low density property is situated
on nearly one acre with attractive desert landscaping. The community
offers a park-like setting with a large grass area with barbecue grills
and sparkling swimming pool. Recent capital improvements include
new roof in 2005 and exterior paint in 2009. Mountain View Acres
has experienced strong occupancy levels and cash flow and offers an
investor a stabilized property at well below construction costs.

Mountain View Acres Apartments is located in a desirable infill central
Phoenix location just East of Cave Creek Road on Mountain View
Road. The property is located one mile from State Route 51 and North
Mountain Preserve. Metro Center Mall is within minutes of the property
and offers over 1,400,000 SF of retail space with AMC Theater,
Dillard' s and Sears as anchor tenants. The I-17 corridor provides
abundant employment with major employment centers including
Metro Center Mall, North Phoenix Office Corridor and John C. Lincoln
Hospital. Sunnyslope High School is located 1.4 miles from Mountain
View Acres Apartments.