Vestis Group Brokers Sale Of 36th Street Apartments In Phoenix AZ

Vestis Group Brokers Sale Of 36th Street Apartments In Phoenix AZ

By Natan Jacobs | Vestis Group

(Phoenix – February 25, 2014) – Vestis Group is pleased to announce that brokers Victoria Miachika, Natan Jacobs and Les Litwin have completed the sale of 36th Street Apartments, a 6-unit multifamily community located near the sought after Arcadia neighborhood of Phoenix, Arizona for $390,000 / $65,000 per unit.

Highway Fourteen, Inc. of Sherman Oaks, California sold the 36th Street Apartments, located at 3151 N 36th Street, near the Arcadia neighborhood of Phoenix to a private Canadian investor from Edmonton, Alberta for $390,000. Victoria Miachika, Natan Jacobs and Les Litwin with Vestis Group in Phoenix represented the Buyer in the sale of this Phoenix multifamily property. David Patterson with Quantum Of Arizona in Phoenix represented the Seller.

36th Street Apartments is a 6 unit, garden-style multifamily community located in east central Phoenix. Built in 1955, 36th Street Apartments has a pitched, composition shingle roof and concrete-block construction, single-level buildings. The unit mix is comprised of 4 one-bedroom / one-bath units of approximately 550 square feet, 1 two-bedroom / one-bath units of approximately 900 square feet and 1 three-bedroom / two-bath unit of approximately 1,419 square feet. All the units have spacious kitchens and large closets. Common area amenities include covered parking and laundry facility.

36th Street Apartments enjoys an east central Phoenix location near numerous Valley hotspots, including: The Vig Arcadia, La Grande Orange Grocery, Postino WineCafe, Beckett’s Table, Crudo, Nook, Chelsea’s Kitchen and North Italia. This property has great access to the valley freeway system, the Biltmore and downtown. The property is located in a quiet residential neighborhood one half mile south of Indian School Road along 36th Street allowing easy access to Biltmore shopping, Arcadia restaurants, the Camelback Corridor business district, the Valley freeway system and numerous employers.

About Vestis Group

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.

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