301 Copper St - Apartments FOR SALE


Kingman, AZ 86401
$1,150,000 USD
928-530-1158
301 Copper St, Kingman, AZ for Sale
$1,150,000 USD
Apartments - FOR SALE
1/9
null | 3.91% Cap Rate

301 Copper St
Kingman, AZ 86401


HIGHLIGHTS

  • Prime Historic Downtown Kingman location combined with a 10-unit building of all two-bedroom units and strong occupancy, offering immediate income.

OVERVIEW

Located at 301 Copper Street in Historic Downtown Kingman, this 10-unit apartment complex presents a solid opportunity in one of the city's most active and revitalizing areas. The two-story property offers 7,436 square feet of improvements situated on a 0.32-acre elevated lot, with all units featuring the same two-bedroom, one-bath layout. The complex was built in 1980 and includes five units on the upper level and five on the lower level. Currently, nine of the ten units are occupied, offering immediate income with additional upside potential. Each apartment includes an eat-in kitchen with ample counter space, spacious living areas with large windows for natural light, and views of the surrounding Hualapai Mountains and nearby desert buttes. The property provides several tenant-friendly amenities, including an outdoor courtyard with a barbecue area and a shade tree, and a private laundry area with coin-operated washers and dryers. Recent capital improvements include a new roof and a repaved parking lot. Positioned just a few blocks from restaurants, breweries, and local shops, the property benefits from its location within Downtown Kingman's ongoing revitalization and streetscape improvements. The site also offers excellent accessibility, located approximately three minutes from Interstate 40. Kingman serves as the regional hub for Mohave County and benefits from several major employers, including the Mohave County government offices and courthouse complex, Kingman Regional Medical Center, the Kingman Airport and Industrial Park, and a growing tourism economy driven by Historic Route 66. With consistent demand for rental housing in the downtown area, proximity to major employers, and continued investment in the downtown corridor, 301 Copper Street offers investors an opportunity to acquire a stabilized multi-family property in a growing market. * One member of the selling LLC is a licensed real estate agent in the states of Arizona and Nevada.

FOR SALE DETAILS

PRICE

$1,150,000 USD

PRICE/SF

$155 USD /SF

# OF UNITS

10

PRICE/UNIT

$115,000

CAP RATE

3.91%

% LEASED

90%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1980

PARKING SPACES

11

LAND DETAILS

LAND ACRES

0.32 AC

LAND SF

13,939 SF

ZONING

R-16

APN/PARCEL ID

304-08-051

ASK ABOUT THIS PROPERTY

Chanel TurnerTurner Hill PropertiesMore Info
928-530-1158

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Chanel TurnerTurner Hill PropertiesMore Info
928-530-1158

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