This Multifamily Property is Off-Market.

4240 E. Rte 66
Flagstaff, AZ 86004 ·

5 Units · Multifamily For Sale

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Ritz Apartments

Price N/A Cap Rate 10%
No. Units 5 No. Stories 1
Building Size 2,193 SF Property on Ground Lease? Yes
Property Type Multifamily Year Built 1947
Property Sub-type Garden/Low-Rise Lot Size 0.46 AC
Property Use Type Investment APN / Parcel ID 11326002
Commission Split 2.5%
Listing ID: 17943311 Date Created: 12/08/2012 Last Updated: 07/16/2013

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.

Highlights

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

Research

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

Property Record Data - Historical Listings, current tax, mortgage, owners & tenant info for this property

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