44 N Aldrice Burk Dr - Multi-Family FOR SALE


Springerville, AZ 85938
$2,300,000 USD
602-363-6363
44 N Aldrice Burk Dr, Springerville, AZ for Sale
$2,300,000 USD
Multi-Family - FOR SALE
1/5
null | Request Cap Rate

44 N Aldrice Burk Dr
Springerville, AZ 85938


HIGHLIGHTS

  • Convenient Walkability to Shopping Plazas
  • Easy Access to the Apache-Sitgreaves National Forest

OVERVIEW

The Pines Apartments is a well-established, 20-unit multifamily community at 44 Aldrice Burk Drive, Springerville, Arizona. Built in 1985 on a 1-acre site, the property offers 14,542 net rentable square feet of garden-style, two-story townhouse units in a market with very limited rental supply. 6 one-bedroom / 1-bath (loft-style) 7 two-bedroom / 1-bath (townhouse-style) 7 three-bedroom / 1-bath (townhouse-style) Standard Finishes: Kitchen range & refrigerator, heating, tub/shower All 2 and 3 bedroom units have washer/dryer hookups 35 uncovered parking spaces Located in the heart of Springerville (pop. 6,300+), residents enjoy convenient walkability to shopping plazas, White Mountain Regional Medical Center, and easy access to the Apache-Sitgreaves National Forest. While daily errands are generally car-dependent, the property sits in one of the few pockets of true market-rate rental housing in the entire mountain town.

FOR SALE DETAILS

PRICE

$2,300,000 USD

PRICE/SF

$158 USD /SF

# OF UNITS

20

PRICE/UNIT

$115,000

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Pines Apartments

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1985

PARKING SPACES

35

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

-

APN/PARCEL ID

105-20-002L

ASK ABOUT THIS PROPERTY

Zack MishkinORION Investment Real EstateMore Info
602-363-6363

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Zack MishkinORION Investment Real EstateMore Info
602-363-6363

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