Historical Multifamily Sale Listing - Ritz Apartments

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Ritz Apartments

4240 E. Rte 66, Flagstaff, AZ 86004

N/A

5 Units | Multifamily

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Multifamily Property - Off Market

Price:
N/A
No. Units:
5
Building Size:
2,193 SF
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Property Use Type:
Investment
Commission Split:
2.5%
Cap Rate:
10%
No. Stories:
1
Property on Ground Lease?:
Yes
Year Built:
1947
Lot Size:
0.46 AC
APN / Parcel ID:
11326002
Listing ID
17943311
Last Updated
over 1 year ago

Highlights

  • Future Commercial Development Adjacent to the Flagstaff Mall
  • Great Location
  • All Rented
  • Great Condition
  • See City of Flagstaff for Development Possibilities

Description

5 unit apartment building that is almost never vacant. Great location adjacent to the Flagstaff Regional Mall. Highly desirable C-3 zoning allows for 5 story building per city staff. Gross $3,400 per month, OWC with 65% Dn, 8% interest, 5 year call.

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Route 66 just west of mall.

Map of 4240 E. Rte 66, Flagstaff, AZ 86004 (Coconino County)

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Created 12/8/2012