93 Kings Way - Apartments FOR SALE


Sierra Vista, AZ 85635
$3,250,000 USD
602-714-1370
93 Kings Way, Sierra Vista, AZ for Sale
$3,250,000 USD
Apartments - FOR SALE
1/25
null | 6.74% Cap Rate

93 Kings Way
Sierra Vista, AZ 85635


HIGHLIGHTS

  • 40 Units, Built in 1973
  • Unit Mix: 15% 1-Bed, 65% 2-Bed, & 20% 3-Bed Units
  • (6) Fire Damaged Units
  • Individually Metered for Electricity
  • On-Site Laundry Facility

OVERVIEW

ABI Multifamily’s Middle Market Team is pleased to announce the exclusive availability of Canyon Vista Apartments, a 40-unit community located at 93 Kings Way in Sierra Vista. Canyon Vista is composed of a great unit mix, consisting of; (6) 1-Bed / 1-Bath Units, (26) 2-Bed / 1-Bath Units & (8) 3-Bed / 1-Bath Units. Currently, due to fire damage there are (6) total units that are offline. This provides an additional value-add opportunity to the Buyer, getting those units back in rentable condition. Canyon Vista is individually metered for Electricity and Gas, being master metered for Water, Sewer, Trash & WiFi. There is an ability to increase rents to market levels on the next turn of leases. The property features an on-site laundry facility, large community area, a multipurpose room and ample parking for all residents. Sierra Vista is the largest city in Cochise County with a population around 45,000 and a median household income near local averages, reflecting a stable and moderately growing community. Sierra Vista serves as the commercial and service hub of the region, with a diversified employment base that includes education, healthcare, retail, and professional services. A defining economic driver for the city is Fort Huachuca, a major U.S. Army installation that employs thousands of military personnel and civilian workers, providing consistent rental demand and economic resilience to the local housing market. The broader Sierra Vista area offers a small-city lifestyle with reasonable cost of living and access to outdoor recreation, situated about 75 miles southeast of Tucson and roughly 20 miles north of the Mexican border. The region combines desert landscapes with mountain views and outdoor amenities, making it appealing to both families and military-affiliated residents. As a result, properties like Canyon Vista benefit from steady demand driven by local employment opportunities and a balanced demographic profile that supports multifamily rental housing.

FOR SALE DETAILS

PRICE

$3,250,000 USD

PRICE/SF

$98 USD /SF

# OF UNITS

40

PRICE/UNIT

$81,250

CAP RATE

6.74%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Canyon Vista

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1973

PARKING SPACES

57

LAND DETAILS

LAND ACRES

1.93 AC

LAND SF

84,071 SF

ZONING

C-1

APN/PARCEL ID

107-51-002

ASK ABOUT THIS PROPERTY

Carson GriesemerABI MultifamilyMore Info
602-714-1370

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Carson GriesemerABI MultifamilyMore Info
602-714-1370

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