1372 W Highway 92 - Apartments FOR SALE


Bisbee, AZ 85603
$2,500,000 USD
520-645-8914
1372 W Highway 92, Bisbee, AZ for Sale
$2,500,000 USD
Apartments - FOR SALE
1/9
null | Request Cap Rate

1372 W Highway 92
Bisbee, AZ 85603


HIGHLIGHTS

  • Highly visible 37-unit multifamily portfolio on 2.53 acres with diverse unit mix, recent renovations, mini-split HVAC systems, on Hwy 92.
  • Strong value-add investment opportunity positioned for immediate cash flow and long-term appreciation near Sierra Vista and the U.S.-Mexico Border.
  • Recently renovated units feature fresh interior paint, new flooring, bright interiors, and desirable studio, one-, two-, and three-bedrooom layouts.
  • Conveniently located near retailers, restaurants, employment centers, Safeway-anchored shopping, and Copper Queen Community Hospital.
  • Income-producing aparment with on-site office, laundry facilities, expansion potential, and excellent upside through operational improvements
  • Growing market with projected population growth through 2030, creating sustained housing demand and attractive investment fundamentals.

OVERVIEW

Discover 1372 W Highway 92 in Bisbee, Arizona, a 37-unit multifamily investment portfolio that presents a compelling opportunity for investors seeking an income-producing apartment complex with significant value-add potential in Southern Arizona. Strategically positioned along Highway 92, approximately 25 miles from Sierra Vista and near the U.S.-Mexico border, the property benefits from strong regional connectivity, proximity to major employers, retail amenities, healthcare services, and growing housing demand. Situated on a sizable 2.53-acre site with 50 parking spaces, this high-visibility multifamily community offers a diverse unit mix consisting of 24 studio apartments, 11 1-bedroom/1-bath units, 2 2-bedroom/1-bath units, and 1 3-bedroom unit, providing broad appeal to workforce housing, border-region employees, healthcare workers, retirees, and local residents. 1372 W Highway 92 has undergone recent unit renovations featuring fresh interior paint, brand-new flooring, mini-split HVAC systems, and bright, comfortable living spaces designed to attract and retain tenants. Additional amenities include an on-site management office, laundry facility, and ample parking, enhancing operational efficiency and tenant convenience. Located just minutes from Copper Queen Community Hospital, numerous retailers, restaurants, and employment centers, the property is well-positioned to capitalize on continued residential demand throughout the region. Investors will appreciate 1372 W Highway 92's attractive rental income potential and significant upside through continued renovations, operational improvements, rental growth, and future expansion opportunities. With population growth projected through 2030 and increasing demand for affordable and workforce housing across Cochise County, this multifamily portfolio offers the opportunity to acquire a well-located apartment investment with both immediate income and long-term appreciation potential. Ideal for private investors, multifamily operators, syndication groups, 1031 exchange buyers, and value-add investment firms seeking a scalable multifamily asset in a growing Southern Arizona market.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$107 USD /SF

# OF UNITS

37

PRICE/UNIT

$67,568

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bisbee Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1955

PARKING SPACES

50

LAND DETAILS

LAND ACRES

2.53 AC

LAND SF

110,207 SF

ZONING

-

APN/PARCEL ID

102-20-331B

ASK ABOUT THIS PROPERTY

Denise MachadoAbbott RealtyMore Info
520-645-8914

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Denise MachadoAbbott RealtyMore Info
520-645-8914

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