MONTECITO
PROPERTY INFO
Montecito House is a single story, single-family home located in the Biltmore-area of Central Phoenix, near Phoenix Children’s Hospital, Arizona Heart Hospital, and shops and popular eateries such as Bink’s Midtown, Mejico Cocina Mejicana, Coup Des Tartes, Whole Foods, Trader Joe’s, Grassroots Kitchen & Tap, Pizzeria Bianco, Snooze, Sage Kitchen and The Parlor. The property is situated in a residential neighborhood, east of the SR-51 Piestewa Freeway, west of 24th Street, south of Camelback Road, north of Indian School Road, along Montecito Avenue, allowing easy access to The Shops at Town & Country, Biltmore Fashion Park, the Camelback Corridor, the valley freeway system and numerous employers.
PLAN
BUY – Purchased for $185,000 on 10/12/2015.
FIX – Plan included a major remodel and addition to the former single family rental. This midcentury ranch + modern home has a new construction 1,275 square feet addition, with Carrara marble kitchen, Samsung appliances and a master bedroom suite with separate tub & shower. All systems, roof and trusses are brand new. The majority of the original house was rebuilt. Low-e windows and custom tile floors throughout. Approximately 256 square feet of covered patio. ”1841 E Montecito” is 2,260 square feet 4 bedrooms 2.5 baths. Around the corner from hip restaurants, coffee shops, grocery stores, gyms, healthcare, shopping & entertainment. No expense spared in this conversion. All work is fully permitted. All work done by a licensed contractor. Owner/Agent.
SELL – Sold for $495,000* on 9/2/2016. *Buyer/Broker applied commissions toward purchase price.
SALES INFORMATION
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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.
