This fully renovated 10-unit apartment complex in downtown Flagstaff offers a compelling investment opportunity in one of Northern Arizona’s strongest rental markets. The property is located just steps from historic Route 66 and within walking distance to Northern Arizona University, ensuring a steady stream of tenant demand from both students and professionals. Extensive 2024 renovations have introduced modern interior finishes and updated exterior enhancements, reducing near-term capital expenditure requirements. The asset includes a diverse unit mix along with an on-site coin-operated laundry facility, further enhancing income potential. With a proforma cap rate of 6.5% and a stable operating environment, this property offers immediate cash flow and strong long-term appreciation prospects. Investors benefit from minimal inventory competition in the Flagstaff multifamily sector and dependable rental demand driven by continued enrollment growth and a robust local economy.