Off-market multifamily sells for $180,000 per unit

Real Estate News Daily

Phoenix, Arizona – Vestis Group, a multifamily brokerage and investment firm, is pleased to announce the sale of MODE @ 22nd Street Apartments, an 11-unit apartment community located at 4120 North 22nd Street, in the Biltmore-area of East Phoenix for $1.98 million or $180,000 per unit.

“The Buyer contacted us initially looking for help acquiring value-add multifamily investment opportunities in the Phoenix market,” says Matt Morrell, Investment Advisor at Vestis Group and the lead broker for this transaction, “Eventually, the buyer asked if we would consider selling any of our MODE properties ‘off-market’ and a deal was struck on 22nd Street. MODE Apartment Living will continue to manage the Biltmore-area apartment community for the new ownership moving forward.”

READ ON:

Share this!

Additional Articles

Rose Law Group pc values “outrageous client service.” We pride ourselves on hyper-responsiveness to our clients’ needs and an extraordinary record of success in achieving our clients’ goals. We know we get results and our list of outstanding clients speaks to the quality of our work.

News Categories