Built in 1984, Coolidge Apartments is comprised of three (3) two-bedroom units. The buildings are constructed of block with pitched roofs. 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 in their units, including the cost of heating and air conditioning. Ceramic tile throughout the units. Washer and dryer hookups are inside the units. Fantastic location to retail, restaurants, and the light rail.
Owner is flexible with lease terms. Tenant responsible for monthly utility fee of $50 which includes water/sewer/trash. Tenant is also responsible for 2.3% city sales tax. Washer/Dryer hook up only.
Coolidge Apartments is situated just west of 7th Avenue, a major-thoroughfare running through Phoenix, Arizona. The property is surrounded by an abundance of commercial developments, including Carl T. Hayden VA Medical Center one mile east, providing strong employment generation for the surrounding area. Coolidge Apartments is also convenient to public transportation, with bus service provided along Camelback Road and 7th Avenue. The Valley Metro light rail line is within walking distance from the subject property and operates along Camelback Road.
Coolidge Apartments is located near the Melrose District, a hip stretch along 7th Avenue lined with restaurants, shops, music stores and boutiques, including, Copper Star Coffee, Gallo Blanco Café and Bar, FEZ, Hula’ s Modern Tiki, Maizie’ s Cafe, Zinnias at Melrose-Consignment, Modern on Melrose, Melrose Center, Melrose Marketplace and Park Central Mall.
Renovate the Midtown Phoenix apartment community and hold for long term investment.
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.