4120 45Th Pl Phoenix, AZ 85018
- Commercial real estate
Current Use by Public Records
- Beverley Apt / Hotel
- Ark Aprtments / Apartment Building
Property Details for 4120 45Th Pl
- Year built
- 1960
- Property type
- Commercial real estate
- APN
- 171-42-102
Description
This exceptional Class A, 10-unit apartment building presents a compelling investment opportunity in Phoenix, Arizona's desirable Arcadia neighborhood. Located at 4120 N 45th Pl, 85018, this meticulously remodeled property boasts a total of 7,187 net rentable square feet spread across five, two-story buildings. Built in 1960 and extensively renovated in 2023, the property features a mix of spacious one, two, and three-bedroom units averaging approximately 719 square feet each. The contemporary design, upgraded amenities, and sophisticated interior finishes create a best-in-class multifamily community. Individual electric meters enhance efficiency. The property sits on a 171-42-102 APN parcel and is zoned R-4. Its prime location offers easy access to the I-51 freeway, the Camelback-Biltmore employment corridor, and the burgeoning Midtown Phoenix bioscience hub. The surrounding area is rich with entertainment, dining, and professional employment opportunities, making this a highly sought-after location with strong rental demand. The asking price is $2,900,000, representing $290,000 per unit. This low-maintenance asset provides an attractive unit mix and significant potential for strong returns in a resilient East Phoenix submarket.
Value Estimation
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CAP approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Phoenix
- County
- Maricopa
- State
- Arizona
- Longitude
- -111.9834425
- Latitude
- 33.495487
