The Ark Apartments 4120 N 45th Pl Immeuble residentiel 10 lots 2 428 200 € (242 820 €/Lot) Taux de capitalisation 5,50 % Phoenix, AZ 85018

The Ark Apartments is a boutique 10 unit, pride of ownership community located in the highly desirable Arcadia neighborhood in East Phoenix offering views of Camelback Mountain outside its doorsteps. Very few multifamily communities come to market in this coveted neighborhood making this a rare opportunity for investors. Home sales in the immediate neighborhood range from $1M for starter homes up to $10M for large lot luxury homes. The community is within minutes of several of Arizona’s premier resorts including The Global Ambassador, Royal Palms, Sanctuary at Camelback Mountain, the Phoenician, and Mountain Shadows.

The Ark Apartment brings modern sophistication and contemporary design to one of the most sought-after boutique communities in Arcadia. The unit interiors were fully upgraded with modern finishes that greatly enhanced the resident’s living experience. Interior improvements include modern shaker cabinets, modern quartz countertops, decorative subway tile backsplashes, stainless-steel under mount sinks with modern retractable anodized bronze accordion faucets, new stainless-steel appliances including built-in microwaves and dishwashers. Additionally, new modern waterproof wood plank flooring throughout, 4” baseboards, modern doors/hardware/blinds, new modern lighting fixtures, remote control modern dual draft ceiling fans and in-unit washer and dryer were installed. In the bathrooms, the showers have modern 12” x 24” porcelain tile that compliments the new white shaker bathroom vanities with quartz countertops, new low-flow toilets and modern anodized bronze faucets and fixtures.

The Ark Apartments is located in one of the hottest rental neighborhoods in Metro Phoenix, the highly desirable and sought after Arcadia neighborhood. The demand is stemmed from the continued strength of the Camelback Corridor which hosts a dynamic mix of class “A” quality office space coupled with high end retail and popular shops and trendy restaurants providing the Live, Work, Play environment right in the neighborhood. Neighborhood hotspots for the residents of The Ark Apartments include La Grande Orange, Postino’s, The Vig Arcadia, The Porch, OHSO, Hillstone, Tarbell’s, Zipp’s, Buck & Rider, Chestnut, Flower Child and Pita Jungle. All a short walk or bike ride away. Just 1 block north of the community is The Global Ambassador, a 5 Star and Michelin Key Hotel that opened in 2024 to great publicity. In addition to being a luxury resort, the hotel offers several popular dining hangout and hotspots including the Pink Dolphin poolside bar, Le Ame Parisian Steakhouse, Thea Mediterranean Rooftop, and Le Market, a French-Inspired bakery and bistro which is a popular business meeting spot within the Camelback Corridor. In totality, these location hotspots within the Arcadia neighborhood has resulted in tremendous demand and some of the highest rents and sales values in Metro Phoenix.