INFILL HOUSING SLATED FOR PHOENIX PARCELS
By Mike Sunnucks | Phoenix Business Journal
(Phoenix – June 22, 2016) – Mode Apartments + Homes has bought a half-acre of land in central Phoenix for $365,000.
It is part of the Phoenix development firm plans on build 14 townhome-style units at properties near 30th and 21st streets near Indian School Road.
The half-acre purchased is near Fairmount Avenue and 30th Street.
Mode is an arm of Vestis Group which helped broker the sale.
The seller was Jeffrey Lycans of Gilbert. He was represented by Sterling Fine Properties Nick Bardyga.
“We are planning on building a six single-family attached home subdivision on the 30th Street site and an 8 single-family attached home subdivision on the 21st Street site,” Jacobs said. – more at bizjournals.com
Vestis Group is the broker of choice for individuals and institutions investing in multifamily residential real estate throughout Metropolitan Phoenix. Our advisors assist clients in the acquisition and disposition of multifamily investment assets, including, apartments, bulk condo packages, duplex/triplex/fourplex properties, single-family rental portfolios (SFR Portfolios) and income producing single-family investment properties. 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.