Vestis Group | Phoenix Multifamily Broker | 3110 N 40th St, Phoenix, AZ 85018

Vestis Group Sells Arcadia Phoenix Apartments For $146,154 Per Unit

FOR IMMEDIATE RELEASE – September 30, 2015

VESTIS GROUP SELLS ARCADIA PHOENIX APARTMENTS FOR $146,154 PER UNIT

(Phoenix – September 30, 2015) – Vestis Group, a multifamily brokerage and investment firm, is pleased to announce the sale of MODE @ 40th Street, a 13-unit apartment complex located at 3110 North 40th Street in the Arcadia-area of Phoenix. The multifamily asset commanded a sale price of $1,900,000 or $146,154 per unit.

The Phoenix based Vestis Group multifamily brokerage team of Natan Jacobs, Les Litwin and Chad Barber  negotiated the transaction on behalf of the seller, MODE Apartments of Phoenix. The buyer was represented by Kris Anderson of RE/MAX Excalibur in Scottsdale, Arizona.

MODE @ 40th Street enjoys a superior east central Phoenix location near numerous Arcadia neighborhood hotspots, including: The Vig ArcadiaLa Grande Orange GroceryPostino WineCafeBeckett’s TableCrudoNookChelsea’s Kitchen and North Italia. Built in 1965, MODE @ 40th Street was fully remodeled and repositioned in 2015.

“After receiving a half dozen unsolicited offers on this asset, the ownership decided to let this one go,” says Natan Jacobs, Principal at Vestis Group and the lead broker for this transaction, “MODE @ 40th Street’s irreplaceable Phoenix location in the Arcadia neighborhood, with its close proximity to dining, shopping, biking and hiking trails, transportation and employment centers, really helped fuel the reposition and lease up of this asset. This turn-key asset is ideally positioned to capitalize on the red hot housing market due to its pre-existing condominium map allowing the buyer to either sell the project in bulk or as individual condos down the road.”

MODE @ 40th Street is comprised of 4 one-bedroom / one-bath units, 7 two-bedroom / two-bath units and 2 three-bedroom / two-bath units. All the units have in-suite washer/dryer, spacious kitchens, large closets and private patios. Common area amenities include an outdoor fireplace, swimming pool, gazebo, grilling station and covered parking.

Vestis Group is the broker of choice for individuals and institutions investing in multifamily residential real estate throughout Metropolitan Phoenix. Our advisors assist clients in the acquisition and disposition of multifamily investment assets, including, apartments, bulk condo packages, duplex/triplex/fourplex properties, single-family rental portfolios (SFR Portfolios) and income producing single-family investment properties. In the field of housing, Vestis Group’s principals have developed, built, rehabilitated, constructed, improved, managed, and sold thousands of apartments units, condos, single-family homes and home sites.

40th Street | The Melrose Condominiums | Vestis Group 40th Street 40th Street 40th Street 40th Street 40th Street 40th Street | The Melrose Condominiums | Vestis Group 40th Street | The Melrose Condominiums | Vestis Group 40th Street | The Melrose Condominiums | Vestis Group 40th Street | The Melrose Condominiums | Vestis Group 40th Street | The Melrose Condominiums | Vestis Group 40th Street | The Melrose Condominiums | Vestis Group 40th Street | The Melrose Condominiums | Vestis Group 40th Street | The Melrose Condominiums | Vestis Group 40th Street | The Melrose Condominiums | Vestis Group 40th Street | The Melrose Condominiums | Vestis Group 40th Street | The Melrose Condominiums | Vestis Group 40th Street | The Melrose Condominiums | Vestis Group Phoenix Arizona Multifamily Real Estate Investments 40th Street | The Melrose Condominiums | Vestis Group 40th Street | The Melrose Condominiums | Vestis Group 40th Street 40th Street

 

About Vestis Group

Vestis Group is a leading Multifamily Investment sales and Advisory Services firm with a proven track-record of providing value added brokerage services coupled with innovative and ongoing real estate investment strategies.

We specialize in Phoenix Apartments For Sale.

Our mission is to ensure that owners and investors receive the most efficient research, marketing, real estate consultation and transaction services available. We pride ourselves on our ability to deliver added value to our clients by building uncompromising and long-lasting relationships with our partners.

Vestis Group serves multifamily owners and investors with a full suite of commercial real estate services, including Buyer Representation, Tenant Representation, Project Marketing & Sales, Asset Management, Project & Development Services, Research and Consulting.

Search here for Phoenix Multifamily For Sale, Arizona Land for Sale or Phoenix Commercial Real Estate For Sale.

View our Arizona Apartment Brokerage & Management Services or our Multi Family Residential Investments.

For more information, please visit: www.Vestis-Group.com.

 

27 replies
  1. Inulin Powder says:

    I am extremely impressed with your writing skills and also with the layout on your blog. Is this a paid theme or did you customize it yourself? Anyway keep up the excellent quality writing, it’s rare to see a great blog like this one nowadays..

  2. betflix ทางเข้า says:

    Good day I am so excited I found your web site, I really found you by error,
    while I was searching on Aol for something else, Anyways I am here now
    and would just like to say thank you for a fantastic
    post and a all round interesting blog (I also
    love the theme/design), I don’t have time to browse it
    all at the moment but I have saved it and also added in your RSS feeds, so when I have time
    I will be back to read a great deal more, Please do keep up the awesome job.

    betflix ทางเข้า

  3. you can try here says:

    Very well written article. It will be supportive to anyone who employess it, as well as yours truly :). Keep doing what you are doing – i will definitely read more posts.

  4. storno brzinol says:

    Hi there! This post couldn’t be written any better! Reading through this post reminds me of my previous room mate! He always kept talking about this. I will forward this article to him. Pretty sure he will have a good read. Thank you for sharing!

  5. how to setup blog says:

    Have you ever considered about adding a little bit more than just your articles? I mean, what you say is fundamental and all. However imagine if you added some great images or videos to give your posts more, “pop”! Your content is excellent but with pics and clips, this blog could certainly be one of the very best in its niche. Amazing blog!

  6. web link says:

    Heya i am for the first time here. I came across this board and I in finding It really useful & it helped me out a lot. I’m hoping to give something back and help others such as you aided me.

  7. Hermes London Dental Clinic says:

    You can definitely see your enthusiasm in the work you write. The world hopes for even more passionate writers such as you who aren’t afraid to say how they believe. Always go after your heart. “Experience is a good school, but the fees are high.” by Heinrich Heine.

Trackbacks & Pingbacks

  1. … [Trackback]

    […] Find More Information here to that Topic: vestis-group.com/vestis-group-sells-arcadia-phoenix-apartments-for-146154-per-unit/ […]

  2. … [Trackback]

    […] Here you will find 13149 more Info on that Topic: vestis-group.com/vestis-group-sells-arcadia-phoenix-apartments-for-146154-per-unit/ […]

  3. … [Trackback]

    […] Read More Information here to that Topic: vestis-group.com/vestis-group-sells-arcadia-phoenix-apartments-for-146154-per-unit/ […]

Leave a Reply

Want to join the discussion?
Feel free to contribute!

Leave a Reply

Your email address will not be published.