Cheery Lynn House is a single story, single-family home located in the Arcadia-area of Central Phoenix, 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. The property is situated in a residential neighborhood, east of the SR-51 Piestewa Freeway, west of 40th Street, south of Indian School Road, north of Thomas Road, along Cherry Lynn Road, allowing easy access to The Shops at Town & Country, Biltmore Fashion Park, the Camelback Corridor, the valley freeway system and numerous employers.
BUY – Purchased for $235,000 on 1/4/2018.
FIX – Plan includes a major remodel and addition to the former single family rental home. This midcentury ranch house will receive new construction 1,000 square feet addition, with Carrara marble kitchen, Samsung appliances and a master bedroom suite with separate tub & shower. All systems, roof and trusses will be brand new. The majority of the original house will be rebuilt. Low-e windows and custom tile floors throughout. Approximately 256 square feet of covered patio. “3907 E Cheery Lynn” is 2,227 square feet 4 bedrooms 2.5 baths. Around the corner from hip restaurants, coffee shops, grocery stores, gyms, healthcare, shopping & entertainment. No expense will be spared in this conversion. All work to be fully permitted. All work done to be completed by a licensed contractor.
SELL – Sold for $590,000 on 5/20/2020.
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.