On the Market: 5 Interesting Listings for the Week of 2/27

This week's listings include a newly renovated and centrally located Hollywood property and a vintage Chicago asset constructed in 1901.

On the Market is a weekly department curating the most interesting recent for-sale CRE assets. If you have a commercial real estate asset that you’d like to share with our readers, please email it to Associate Editor Mallory Bulman.

River Rock Apartments

Location: Mishawaka, Ind.

Price: $21 million

Price/Unit: $287,671.23

Building Size: 80,000 SF

Units: 73

Features: Community amenities include 24-hour emergency maintenance service, a barbecue/picnic area, bike racks, a business center, gated/controlled access, covered parking, a fitness center, a furnished and landscaped courtyard; apartment amenities include air conditioning, views of the St. Joseph River, dishwashers, large closets, washer/dryers, patio or balcony and pets allowed; unit mix consists of one-, two- and three-bedroom apartments; located in close proximity to the University of Indiana, the medical center and Notre Dame University.

Contact: Ariel Marini, 312-607-5405


1428 W. Balmoral Ave. 

Location: Chicago, Ill.

Price: $1 million

Price/Unit: $361,666.67

Units: 3

Features: Vintage asset built in 1901; unit mix consists of three three-bedroom/one-bathroom units; property amenities include enclosed back porch, full unfinished basement with eight-foot ceilings; unit amenities include original wood mouldings, trim, handrails and built-in hutches; located in heart of Andersonville neighborhood within half a block from Clark Street and close to transportation.

Contact: Jerome Ettinger, Hallmark & Johnson Commercial Real Estate Services, 847-982-3200

Sunset Terrace

Location: Glendale, Ariz.

Price: undisclosed

Building Size: 59,525 SF

Units: 86

Features: Located west of 43rd Ave. in Glendale; unit mix consists of 54 one-bedroom/one-bathroom and 32 two-bedroom/two-bathroom; unit amenities include large floor plans, dishwashers and walk-in closets; community amenities include a swimming pool and lounge area, on-site laundry, barbecue and picnic areas and a standalone management and leasing office; current ownership invested more than $550,000 in capital improvements including new appliances, tile flooring, resurfaced countertops, electrical panels, foam roofs, upgraded HVAC and air handlers, exterior paint, landscaping and more.

Contact: Jim Jones, The Jones Group, 480-609-0772


William Waye

Location: Whitman, Mass.

Price: $8.9 million

Price/Unit: $370,833.33

Building Size: 35,000 SF

Units: 24

Features: Fully occupied community consisting of 24 three-bedroom townhomes situated on 10 acres; unit amenities include hardwood floors on the first floor, granite countertops, central air, full basements and back deck; located two miles from Whitman MBTA station and a 10-minute drive to the nearest highway.

Contact: Stephen Egan, Egan Realty Group, 781-799-4142


The Carlton @ Hollywood

Location: Hollywood, Calif.

Price: $4.1 million

Price/Unit: $419,500

Building Size: 8,618 SF

Units: 10

Features: Newly renovated property located in the heart of Hollywood; unit mix consists of five one-bedroom/one-bathroom units and five two-bedroom/two-bathroom units; extensive remodel conducted in 2016 includes new copper plumbing, copper wiring throughout, new recessed lighting, built-in speakers in every unit, central air, upgraded kitchens with quartz countertops and new appliances, redesigned bathrooms with new fixtures and paint, and a new exterior facade; located within walking distance of The Emerson College, Sunset Bronson Studios, Sunset Gower Studios, The W Hotel Hollywood, The Hollywood Palladium, The Archlight Theater and many restaurants and entertainment venues.

Contact: Silvia Manukian, Strategic Legacy Realty, 818-903-1209

All images courtesy of respective brokerage firms. 


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