620 N 4th Ave, Phoenix, AZ 85003 | $3,238,020 (Total Sales Price) | COE 3-15-18 (Last Individual Unit Sale)

Vestis Group Announces The Sell Out Of Metro 12 Condos In Phoenix


By Natan Jacobs | Vestis Group

(Phoenix – March 15, 2018) – Vestis Group, a multifamily brokerage and investment firm, is pleased to announce the sell out of Metro 12 Townhomes, an urban infill multifamily community, totaling 12 townhouse-style condominium units, located at 620 North 4th Avenue, in Downtown Phoenix, Arizona for a combined sales price of $3,238,020 or $269,835 per unit.

The Phoenix based Vestis Group multifamily brokerage team of Natan Jacobs, Chad Barber and Matt Morrell worked in conjunction with Will Daly of We Know Urban Realty, LLC, who negotiated the individual unit transactions on behalf of the seller, MODE Apartments + Homes of Phoenix.

Metro 12 Townhomes provides the best of what Phoenix has to offer; a community of twelve modern and sophisticated loft-style townhouses located in the heart of the vibrant downtown Phoenix core. The life at Metro 12 immerses you in a highly coveted urban atmosphere, nearby the city’s best restaurants, art, culture, and nightlife.

Metro 12 is an urban condominium community located in the heart of Downtown Phoenix, situated between the Roosevelt Arts District and Copper Square, near Arizona State University’s Downtown Phoenix Campus and the Valley Metro Light Rail. Metro 12 Condos offers sophisticated walkable urban living close to sports venues, cultural arts, nightlife and fabulous restaurants.

Built in 2008, these gorgeous two and three-story urban homes contain twelve high quality units with modern architecture, contemporary design, stained concrete floors, stainless steel kitchen appliances, granite countertops, vaulted ceilings, loft style bedrooms, balconies and small patio-style yards. Metro 12 provides the ideal mix of relaxation and an instant connectivity to the urban core.

“Metro 12 was a great condo project for us,” says Les Litwin, Principal at MODE Apartments + Homes, “We recently broke ground on two new construction single-family attached projects, 3900 Arcadia and 4222 Biltmore in Central Phoenix, and are hoping to have brand-new homes available for sale in the Fall.”

Vestis Group is the broker of choice for individuals and institutions investing in multifamily residential and commercial real estate throughout Metropolitan Phoenix. Our advisors assist clients in the acquisition and disposition of multifamily investment and retail investment assets, including, apartments, bulk condo packages, duplex/triplex/fourplex properties, single-family rental portfolios (SFR Portfolios), income producing single-family investment properties, neighborhood strip centers, retail power centers, retail strip centers, neighborhood grocery, retail PAD and retail shopping centers. 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.