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Private Investors buy Rancho Del Sol Apts.

Author: Diana Heeb Bivona

The Rancho Del Sol Apartments at 1536 N. 22nd St. have been sold by Rancho Del Sol LLC to Khoan and Khem Than for $6.4 million, or approximately $80,000 per unit, with a 5.31% cap rate.

The 80-unit two-story apartment totals 58,480 square feet on 3.42 acres. The apartments consist of 80 two-bedrooms/one-bath units. The complex was built in 1963.

This entry was posted on Monday, June 18th, 2007 at 7:07 pm and is filed under Commercial Real Estate. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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