Vestis Group Completes Sale Of Melrose Place Apartments

Vestis Group Completes Sale Of Melrose Place Apartments

By Mandy Purcell | Commercial Executive Magazine

Vestis Group is pleased to announce that Principals Natan Jacobs and Les Litwin have completed the sale of Melrose Place Apartments, a 13-unit multifamily community located in the sought after Arcadia neighborhood of Phoenix, Arizona for $750,000 / $57,692.31 per unit.

JMRS Melrose, LLC of San Diego, California sold the Melrose Place Apartments, located at 3110 N 40th Street, in the Arcadia neighborhood of Phoenix to a private investment group from Arizona for $750,000. Natan Jacobs and Les Litwin with Vestis Group in Phoenix represented the Buyer in the off-market sale of this Phoenix multifamily property. Brian Smuckler with CBRE in Phoenix represented the Seller. – more at cem-az.com

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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