The Ark_Pand te koop
The Ark_Pand te koop
North 45th Place 4120, Phoenix, AZ, 85018, US

The Ark

Activa beschrijving

JLL is pleased to present The Ark, a 10-unit boutique garden style multifamily community in a dynamic Arcadia Submarket. Built in 1960, the community is made of block construction with pitched composition roofs and is individually metered for electricity. Current ownership completed an extensive rebrand/reposition in 2023 that modernized the asset with sophisticated design, enhanced amenities, and elevated interior finish levels.


The Ark represents a rare opportunity for an investor to acquire a masterfully remodeled and repositioned property with spacious one, two and three-bedroom floor plans that average ±719 square feet. The premium contemporary finishes and upscale curb appeal distinguish the community as a best-in-class asset that complements the burgeoning commercial centers and professional workforce demographic of East Phoenix.


The community is in a sought-after location near the Biltmore/Camelback Corridor office employment hub and the newly designated bioscience hub in Midtown Phoenix, numerous entertainment venues and unique local dining experiences, and minutes to the I-51 freeway. East Phoenix is one of the most resilient submarkets in the metro as average vacancy rates improved by 68 bps over the previous two quarters, further underscoring the demand and desirability of the area.

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Attributen

Vraagprijs
€ 2.674.000
Aantal eenheden
10 eenheden
Bezetting
100%
Bouwjaar
1960
Netto gebouwoppervlakte
668 vierkante meter
Bruto landoppervlakte
0 vierkante meter

Media

Investeringshoogtepunten

  • Boutique Garden-Style Community with Best-in-Class Contemporary Interior Finishes


  • Low Maintenance Asset with an Attractive Unit Mix


  • Minutes From the Prominent Camelback-Biltmore Employment Corridor


  • Exclusive Location in East Phoenix’s Exclusive Arcadia Neighborhood
The Ark 4_Pand te koop
The Ark 4_Pand te koop

Contact makelaars

The Ark (0 Eigendommen)
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Laatst bijgewerkt
May 7, 2024