310 Center Ave - Apartments FOR SALE


Bisbee, AZ 85603
$2,599,000 USD
714-353-8917
310 Center Ave, Bisbee, AZ for Sale
$2,599,000 USD
Apartments - FOR SALE
1/4
null | 7% Cap Rate

310 Center Ave
Bisbee, AZ 85603


OVERVIEW

Introducing the Bisbee Terrace Apartments located at 310 Center Ave, Bisbee AZ 85603. This historic property boasts 21 Apartment units 16 recently remolded and rented out, 5 unfinished and vacant. The building is 12,732 SQ FT set on 0.89 acre lot, with a rich history dating back to 1916 and recent renovations from 2021 to 2023. The charming two-story complex comprises 10 buildings, offering a unique investment opportunity in the heart of Bisbee. Furthermore, the area demographics showcase a growing community, with a projected increase in median and average household incomes by 2025. Picturesque and full of potential, the Bisbee Terrace Apartments capture the essence of a thriving investment in a historic setting. Don't miss the chance to own a piece of Bisbee's history while securing a lucrative investment for the future. Seller Financing Down Payment 35% Interest Rate 5% Interest Only Loan Term 5 Years

FOR SALE DETAILS

PRICE

$2,599,000 USD

PRICE/SF

$3,610 USD /SF

# OF UNITS

17

PRICE/UNIT

$152,882

CAP RATE

7%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Bisbee Terrace Apartments

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1916

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Silvestre Madrigal JrC21 AllStars, Commercial & Investment GroupMore Info
714-353-8917

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Silvestre Madrigal JrC21 AllStars, Commercial & Investment GroupMore Info
714-353-8917

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