The Ark

Address: 4120 North 45th Place, Phoenix, , Arizona, US

Phoenix & Southwest + Apartments

Created date: November 8, 2023

Date last updated: November 8, 2023

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

Property Description

CBRE is pleased to present The Ark, a 10-unit boutique garden-style multifamily community in a dynamic Arcadia Submarket. Built in 1960 and fully renovated in 2023, 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.

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Key Property Information

Listing Status:	Available
Listing Type:	Highest & best offer
Multifamily type:	Apartments
No. of Units:	10
Year Built:	1960
Year Renovated:	2023
Opportunity Zone:	No