2010 E Route 66 - Apartments FOR SALE


Flagstaff, AZ 86004- Sunnyside
$3,450,000 USD
928-254-1770
2010 E Route 66, Flagstaff, AZ for Sale
$3,450,000 USD
Apartments - FOR SALE
1/21
null | Request Cap Rate

2010 E Route 66
Flagstaff, AZ 86004
Sunnyside


HIGHLIGHTS

  • Built in 1965, Renovated in 2015
  • Convenient Access to Route 66
  • Prime Location for Multifamily Investment
  • 12,864 SF Building
  • 19 Units. Asking Price $181,579/Door
  • Zoned HC (Highway Commercial)

OVERVIEW

Prime opportunity for multifamily investors to acquire a fully remodeled 19-unit property on 0.89 acres at a high-traffic, signalized intersection in Flagstaff. This income-producing asset features four updated buildings, offering stable rental income in a supply-constrained market. Although the current income may indicate a lower value, it does not fully recognize the property's future earning potential. Completing the unfinished apartment would add either one large apartment or two smaller apartments. Leasing up the ground-floor commercial space would not only increase income but could also provide an amenity to the complex. Additionally, the potential for an alternative hospitality use or short term rental may provide meaningful upside that is not reflected in today's operating income. Furthermore, since all leases are month to month, any transition could be completed quickly.

FOR SALE DETAILS

PRICE

$3,450,000 USD

PRICE/SF

$230 USD /SF

# OF UNITS

19

PRICE/UNIT

$181,579

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Arrowhead Lodge Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2022

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.9 AC

LAND SF

39,195 SF

ZONING

HC

APN/PARCEL ID

107-06-002E

ASK ABOUT THIS PROPERTY

Mark T. Belsantida Vinci RealtyMore Info
928-254-1770

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Mark T. Belsantida Vinci RealtyMore Info
928-254-1770

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