Coolidge | Vestis Group | Multifamily Investment Real Estate

Coolidge

PROPERTY INFO

9th Avenue Apartments, aka 7 Melrose, is a boutique 6-unit, midcentury modern, one-story, multifamily, rental community located in the trendy Woodlea Melrose neighborhood in Midtown Phoenix, just west of Melrose On 7th, near Park Central Mall, Phoenix College, St. Joseph’s Hospital and Medical Center, Carl T. Hayden VA Medical Center, and boutiques and popular eateries such as QCumberz, Retro Ranch, Paris Envy, Flo’s On 7th, Figs Home & Garden, Halo Animal Rescue Thrift Boutique, Melrose Vintage, Copper Star Coffee, Gadzooks, and Taco Guild.

Melrose on 9th Avenue is a mid-century modern rental community located in Midtown Phoenix, near the Melrose District, southwest of the intersection of 7th Avenue and Camelback Road, along Coolidge Avenue, allowing easy access to Biltmore Fashion Park, the Camelback Corridor, the valley freeway system and numerous employers. The property is north of the Grand Canal, which many people utilize for recreation, including running and biking.

Built in 1984 and 2019, 7 Melrose was fully remodeled and constructed in 2019. Interior property upgrades include in-suite laundry, stainless-steel kitchen appliances, stainless steel sink with garbage disposal and retractable multi-setting faucet, upgraded countertops with glass tile backsplash, wide plank wood-style flooring or stained concrete floors, porcelain tile shower surrounds with new fixtures, premium lighting, and low-flow toilets. The revamped exterior features private patios on select units, pet friendly accommodations, mature landscaping and covered parking.

PLAN

Renovate the Midtown Phoenix apartment community and hold for long term investment.

LEASING INFORMATION

LiveAtMODE.com

MODEapts.com

ArizonaApartmentManagement.com

PHOTOS

AFTER

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BEFORE

 

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.