Pinchot | Phoenix Arizona Multifamily Real Estate Investments

Pinchot

PROPERTY INFO

3211 Pinchot, aka Pinchot Towers Apartments, is a two and three-story, 104-unit, garden-style, multifamily community located in the trendy Arcadia neighborhood in east Phoenix, near numerous Valley hotspots, including: The Vig Arcadia, La Grande Orange Grocery, Postino WineCafe, Beckett’s Table, Crudo, Nook, Chelsea’s Kitchen and North Italia. This property has great access to the Valley freeway system, the Biltmore and downtown.

Pinchot Towers Apartments is ideally located just north of the Loop 202 Freeway, minutes away from Sky Harbor International Airport, Tempe, Scottsdale, downtown Phoenix and just south of the prestigious Camelback Corridor. This corridor is comprised of approximately 8 million square feet of high-end office space, premier retail shopping & restaurants, as well as the Arizona Biltmore Resort and Golf Course. Pinchot Towers also lies just east of the 51 Freeway, linking many residents of the northeast valley to downtown Phoenix, the Camelback Corridor and the 44th Street Office Corridor. This corridor, consisting of approximately 2.5 million square feet of office space, runs south from Indian School Road to Washington Street. The immediate area surrounding the property also offers a variety of employment opportunities.

Pinchot Towers is an individually-metered apartment community situated on 1.923 acres and consists of 4 two and three-story block and concrete buildings constructed in 1972. This garden style slump block property was originally built as “premier” one-bedroom suites and went through major renovations in 2004 when it was converted to one-bedroom apartments. The inside walls, ceilings, and floors are all 6-inch poured and pre-cast concrete which creates a low-maintenance and quiet environment. The property consists of 103 one-bedroom apartments at 564 square feet, along with 1 two-bedroom one-bath manager’s apartment at 675 square feet and a 1,200 S.F. “Aztec” meeting room. All apartments overlook an attractive courtyard, which includes a completely refurbished artistic tile swimming pool along with a large second-story sundeck with sun umbrellas and an enclosed cabana (which is not currently being utilized). Most apartments are furnished and ALL apartments have
brand new (2004) frost-free refrigerators, double kitchen sinks & faucets, electric stoves, a/c units,
kitchen lighting, and aluminum sun screens on both front and back windows.

PLAN

Renovate the Arcadia neighborhood Phoenix community with high-end contemporary finishes inside and out.

LEASING INFORMATION

LiveAtMODE.com

MODEapts.com

ArizonaApartmentManagement.com

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.