The Ark on Desert Cove | 1535 West Desert Cove Avenue, Phoenix, AZ 85029 | 26 Units | $3,952,000 | $152,000 Per Unit | $201.06 Per SF
FOR IMMEDIATE RELEASE
Company Website: www.ABImultifamily.com
Phoenix, AZ. (October 29, 2021) – ABI Multifamily, the leading multifamily brokerage and advisory services firm in the Western US, is pleased to announce the $3,952,000 / $152,000 Per Unit / $201.06 Per SF sale of The Ark on Desert Cove, a 26-unit multifamily apartment community located in Phoenix, Arizona. ABI Multifamily's John Klocek and Patrick Burch represented the buyer and seller in this transaction.
Built in 1983, The Ark on Desert Cove is a gated apartment community featuring all 2-bedroom /1-bathroom units. The complex is a pet-friendly community with a swimming pool, covered parking, laundry facility, landscaped courtyard, playground, and barbecue area with pergola and picnic seating.
The Ark on Desert Cove is just a short walk to the hiking trails of North Mountain Park and only a few minutes away from numerous dining, shopping, and entertainment options at Metrocenter Mall. The property is also near major transportation throughfares such as the I-17 Highway, US-51 Highway, and within a bike ride’s distance to the 19th Avenue and Dunlap light rail station.
The buyer and seller are based in Arizona.
ABI Multifamily (https://www.abimultifamily.com/) is a brokerage and advisory services firm that focuses exclusively on apartment investment transactions. With offices in Phoenix, Tucson, Sacramento, and San Diego, the experienced advisors at ABI Multifamily have completed billions of dollars in sales and thousands of individual multifamily transactions. ABI Multifamily incorporates a global approach with regional real estate expertise to successfully complete any multifamily transaction, regardless of size and complexity.