FOR IMMEDIATE RELEASE – July 5, 2013
Vestis Group Brokers Sale Of FQ Story Apartments Near Downtown Phoenix
(Phoenix – July 5, 2013) – Vestis Group is pleased to announce the completed sale of FQ Story Apartments, an 8-unit multifamily property, located at 1317 & 1321 W. McDowell Road in Phoenix, Arizona, for $330,000 / $41,250 per unit.
Rochelle Rojas Living Trust sold the FQ Story Apartments in Phoenix to a private investment group from Phoenix, Arizona for $330,000. Natan Jacobs and Les Litwin of Vestis Group negotiating the sale of this Phoenix apartment complex. The new owner plans to upgrade the unit interiors and refresh the buildings’ exterior and amenities.
FQ Story Apartments is a charming Spanish Revival one story, courtyard-style, community built in 1945 comprised of 8 two bedroom / one bathroom units of approximately 686 square feet. The building is constructed of block with pitched tile roofs.
Amenities include a coin operated washer and dryer facility, courtyard, mature landscaping and covered parking. The property is individually metered for electricity and master metered for water and gas. The property owner is responsible for the cost of water, sewer, and trash pickup, and the residents are responsible for the cost of electricity in their units, including the cost of heating and air conditioning.
About Vestis Group:
Vestis Group is a leading multifamily investment sales and advisory services firm with a proven track-record of providing value added brokerage services coupled with innovative and ongoing real estate investment strategies. Our mission is to ensure that owners and investors receive the most efficient research, marketing, real estate consultation and transaction services available. We pride ourselves on our ability to deliver added value to our clients by building uncompromising and long-lasting relationships with our partners.
Vestis Group serves multi-family owners and investors with a full suite of commercial real estate services, including Buyer Representation, Project Marketing & Sales, Asset Management, Condominium Association Management, Project & Development Services, Research and Consulting.
For more information, please visit: www.Vestis-Group.com.