Earll 39 Apartments, aka MODE @ Earll, is a 2-unit, midcentury modern, single-story, duplex-style, rental community located in the Arcadia neighborhood, near boutiques and popular eateries such as The Vig Arcadia, La Grande Orange Grocery, Postino WineCafe, Beckett’s Table, Crudo, Nook, Chelsea’s Kitchen, North Italia, Buck & Rider, Steak 44 and The Henry.
Earll 39 is a mid-century modern rental community located in the heart of Arcadia Phoenix. The property is located in a quiet residential neighborhood one half mile south of the Indian School Road, just west of 40th Street, along Earll Drive, allowing easy access to the Biltmore area, the Camelback Corridor, the valley freeway system and numerous employers.
Built in 1972, Earll 39 was fully remodeled and repositioned in 2017. Interior property upgrades include in-suite laundry, stainless-steel appliance package, stainless steel sinks with garbage disposal and retractable multi-setting faucet, quartz countertops with porcelain tile backsplash, stained concrete floors, porcelain tile shower surrounds with new fixtures, premium lighting, and low-flow toilets. The revamped exterior features private patios, pet friendly accommodations, keyed entry pedestrian gates and covered parking.
BUY – Purchased for $180,000 on 1/13/2016.
FIX – Renovated the Arcadia-area Phoenix multifamily community with high-end contemporary finishes inside and out. Increased average rents from $800/month to $1,500/month. Received an unsolicited offer for sale.
SELL – Sold off-market for $435,000 on 9/15/2017.
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.