316 W Montecito is a single story, single-family home located, in between the 7′s, in Central Phoenix, near the Valley Metro Light Rail, the Phoenix Art Museum, the Heard Museum, Arizona Opera, Phoenix Theatre, Lisa Sette Gallery, Margaret T. Hance Park, Park Central Mall, Phoenix Children’s Hospital, Arizona Heart Hospital, Carl T. Hayden VA Medical Center and boutiques and popular eateries such as Clever Koi, Pane Bianco, Lux Coffee, The Windsor, Federal Pizza, Joyride Taco House, Postino Wine Cafe, Hula’s Modern Tiki, Flower Child, Dutch Bros Coffee, and AJ’s Fine Foods.
316 W Montecito is located in Midtown Phoenix, approximately 2.3 miles west of Arizona State Route 51 (Piestewa Freeway) and approximately three miles north of Interstate 10, north of Indian School Road, east of 7th Avenue, and west of Central Avenue, allowing easy access to Downtown Phoenix, the Central Office Corridor, Camelback Corridor and Phoenix Sky Harbor International Airport and numerous employers. The property is south of the Grand Canal, which many people utilize for recreation, including running and biking.
316 W Montecito by MODE Homes, the local builder who is passionate about revitalizing and enhancing homes in the mature neighborhoods of Central Phoenix. This midcentury ranch + modern home has a new construction 905 square feet addition, with Carrara marble kitchen, Samsung appliances and a master bedroom suite with separate tub & shower. All systems, roof and trusses are brand new. The majority of the original house was rebuilt. Low-e windows and custom tile floors throughout. Approximately 492 square feet of covered patio. ”316 W Montecito” is 1,873 square feet 3 bedrooms 2 baths. Around the corner from hip restaurants, coffee shops, grocery stores, gyms, healthcare, shopping & entertainment. No expense spared in this conversion. All work is fully permitted. All work done by a licensed contractor. Owner/Agent.
BUY – Purchased for $183,000 on 12/28/2016.
FIX – Plan included a major remodel and addition to the former single family rental. 316 Montecito features a new construction 905 square feet addition, with new gourmet kitchen and a new master bedroom suite. The finished residence includes approximately 1,873 square feet with 3 total bedrooms and 2 bathrooms. All work is fully permitted and was completed by a licensed contractor.
SELL – Sold for $490,000 on 12/8/2017.
VESTIS GROUP | PHOENIX ARIZONA MULTIFAMILY REAL ESTATE INVESTMENTS
Vestis Group | Vestis Capital LLC is a real estate firm focused on Multi Family Residential Investment. We invest our clients’ capital together with our own to take advantage of opportunities with attractive risk-return attributes and an expectation of above-market returns. These goals are achieved through stringent underwriting practices and proactive property and asset management.
Through our extensive knowledge of the Phoenix multi-family residential real estate market, we can identify early trends, which provide insight into our pursuit of investment opportunities. Vestis Group’s principals have a thorough knowledge of the housing industry.
We have developed, built, rehabilitated, constructed, improved, managed and sold thousands of apartments, condos, homes, and home sites. Vestis Group principals and affiliates also have extensive experience constructing, improving, renovating, owning and operating residential and commercial properties. Our expertise in management, finance and construction is the backbone supporting every investment opportunity we identify.
For more information, please contact Vestis Group at 602-281-6202 or Email Us.