1220 E Second St - Apartments FOR SALE


Winslow, AZ 86047
$1,690,000 USD
1220 E Second St, Winslow, AZ for Sale
$1,690,000 USD
Apartments - FOR SALE
1/33
null | 4.3% Cap Rate

1220 E Second St
Winslow, AZ 86047


HIGHLIGHTS

  • Fully Occupied, Turnkey Asset
  • Capital Improvements Already Completed
  • Strong Value-Add Opportunity
  • Strategic Location with Limited Competition
  • Investment-Ready

OVERVIEW

College View Apartments presents a rare opportunity to acquire a fully occupied, 25-unit multifamily asset in Northern Arizona with immediate cash flow and built-in upside. This two-building portfolio includes a mix of studio, one-bedroom, and two-bedroom units, appealing to a broad tenant base. The property is in C-class condition, with recent capital improvements that include newer 12,000 BTU mini-split A/C units, updated electrical panels, water heaters, and roof work. Several units have been partially renovated, while others offer additional value-add potential. All units are currently rented on month-to-month terms, providing flexibility for management and rent increases. Stabilized Asset with Operational Upside Fully occupied with all tenants on month-to-month leases—offering flexibility for future rent increases Rents are currently below market, providing an immediate opportunity to improve cash flow Utilities are currently paid by the owner. Transferring utility expenses to tenants (estimated at $186/month/unit) could result in annual savings of ~$54,934 and dramatically boost net operating income. Strategic Location Situated in Winslow, AZ—a supply-constrained rental market with minimal multifamily competition Proximity to employment, services, and schools Easy access to I-40 and major regional corridors Ideal for Investors Seeking: Turnkey acquisition with in-place income Light value-add repositioning Long-term hold or 1031 exchange opportunity Low-maintenance building systems post-renovation This is a solid investment opportunity with strong fundamentals and a clear path to higher returns through simple operational adjustments. Contact us today for full financials, rent roll, and showing instructions.

FOR SALE DETAILS

PRICE

$1,690,000 USD

PRICE/SF

$111 USD /SF

# OF UNITS

25

PRICE/UNIT

$67,600

CAP RATE

4.3%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

College View Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1962

PARKING SPACES

31

LAND DETAILS

LAND ACRES

0.26 AC

LAND SF

11,492 SF

ZONING

C66

APN/PARCEL ID

103-34-003B

ASK ABOUT THIS PROPERTY

Susan WeitzmanLinton Real Estate, LLCMore Info

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Susan WeitzmanLinton Real Estate, LLCMore Info

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.