MINERAL WELLS – IPI Properties 25 LLC has acquired Cedar View Apartments, a 72-unit complex at 1701 US 180.
Built in 2005, the property consists of 18 single-story residential buildings, a leasing/office building, and a maintenance building.
Amenities include a fitness center, business center, playground, clubhouse, and onsite laundry facilities.
Dougherty Mortgage arranged $1.7 million in Fannie Mae financing on behalf of the buyer.
Read more North Texas multifamily news on the Real Estate Center's website.
Source: REBusiness Online
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