1st Street | Phoenix AZ Multifamily Investment Real Estate

1st Street

PROPERTY INFO

1st Street Apartments is a two-story, multifamily community located in North Central Phoenix, near HonorHealth John C. Lincoln Medical Center, Murphy’s Bridle PathArizona Canal, and boutiques and popular eateries such as Ladera, Timo On Central, Spoke & Wheel and Via Delosantos. Built in 1971, 1st Street Apartments is a two-story multifamily community located in North Central Phoenix near shopping, culture, restaurants and transportation, featuring two-bedroom apartment homes, with an average living space of approximately 750 square feet. The property includes tuck-under covered parking, facilities and is located near Murphy’s Bridal Path and the Arizona Canal, which many people utilize for recreation, including running and biking. The property is situated just east of Central Avenue, between Northern Avenue and Dunlap Avenue, approximately 4.6 miles from State Route 51 (Piestewa Freeway), which connects to the Interstate 10 (Papago Freeway) and Loop 202 (Red Mountain Freeway), providing easy access to Downtown Phoenix, Sky Harbor International Airport, Tempe, Scottsdale, the southeast and southwest Valleys. The property is individually metered for electricity and master metered for water. The property owner is responsible for the cost of water, sewer, and trash pickup, and the residents are responsible for the cost of electricity and gas in their units, including the cost of heating and air conditioning.

PLAN

Renovate the North Central Phoenix apartment community with modern finishes and amenities.

LEASING INFORMATION

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PHOTOS

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Vestis Group | Phoenix Arizona Multifamily Real Estate Investments

Vestis Group | Vestis Capital LLC is a real estate firm focused on Multi Family Residential Investment. We invest our clients’ capital together with our own to take advantage of opportunities with attractive risk-return attributes and an expectation of above-market returns. These goals are achieved through stringent underwriting practices and proactive property and asset management.

Through our extensive knowledge of the Phoenix multi-family residential real estate market, we can identify early trends, which provide insight into our pursuit of investment opportunities. Vestis Group’s principals have a thorough knowledge of the housing industry.

We have developed, built, rehabilitated, constructed, improved, managed and sold thousands of apartments, condos, homes, and home sites. Vestis Group principals and affiliates also have extensive experience constructing, improving, renovating, owning and operating residential and commercial properties. Our expertise in management, finance and construction is the backbone supporting every investment opportunity we identify.

For more information, please contact Vestis Group at 602-281-6202 or Email Us.