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11 E Sullivan Ave 2 Unit Apartment Building $1,525,000 ($762,500/Unit) 4.59% Cap Rate Flagstaff, AZ 86001
INVESTMENT HIGHLIGHTS
- Stable Income Stream: The properties' prime location ensures consistent occupancy rates.
- Recreation: Thorpe Park, Flagstaff Urban Trail System
- Transportation: Easy access to public transit and major roadways
EXECUTIVE SUMMARY
Modern Downtown Flagstaff Duplex - Prime Investment Opportunity! Check out this stunning, newly built (2022) duplex located in the vibrant heart of downtown Flagstaff. Each side of this beautifully designed property offers 3 spacious bedrooms, 2.5 modern bathrooms, and an attached 2-car garage, all thoughtfully laid out across 1,650 sq ft of contemporary living space. Perfectly blending style, comfort, and location, this duplex is ideal for owner-occupants, investors, or those seeking a short-term rental opportunity in one of Flagstaff's most desirable neighborhoods. Enjoy open-concept living, sleek finishes, high ceilings, and an abundance of natural light throughout each unit.
The kitchens feature stainless steel appliances, Quartz countertops, ample cabinetry, and a kitchen Island making them a dream for home chefs and entertainers alike.
Step outside and find yourself just minutes from Flagstaff's best restaurants, shops, trails, and nightlife - all within walking distance. Whether you're looking to invest, live, or host, this property offers flexibility and value in an unbeatable location.
Don't miss your chance to own a piece of downtown Flagstaff's modern charm!
OWNER/AGENT
***Pictures are virtually staged and pre-tenants***
The kitchens feature stainless steel appliances, Quartz countertops, ample cabinetry, and a kitchen Island making them a dream for home chefs and entertainers alike.
Step outside and find yourself just minutes from Flagstaff's best restaurants, shops, trails, and nightlife - all within walking distance. Whether you're looking to invest, live, or host, this property offers flexibility and value in an unbeatable location.
Don't miss your chance to own a piece of downtown Flagstaff's modern charm!
OWNER/AGENT
***Pictures are virtually staged and pre-tenants***
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $1,525,000 | Apartment Style | Townhome |
| Price Per Unit | $762,500 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 4.59% | Building Size | 3,366 SF |
| Gross Rent Multiplier | 18 | Average Occupancy | 100% |
| No. Units | 2 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 2023 |
| Property Subtype | Apartment | Parking Ratio | 0.59/1,000 SF |
| Zoning | RES | ||
| Price | $1,525,000 |
| Price Per Unit | $762,500 |
| Sale Type | Investment |
| Cap Rate | 4.59% |
| Gross Rent Multiplier | 18 |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | B |
| Lot Size | 0.17 AC |
| Building Size | 3,366 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 2023 |
| Parking Ratio | 0.59/1,000 SF |
| Zoning | RES |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Disposal
- Fireplace
- Washer/Dryer Hookup
- Heating
- Ceiling Fans
- Kitchen
- Granite Countertops
- Oven
- Carpet
- Yard
- Dining Room
- Double Pane Windows
- Island Kitchen
- Patio
SITE AMENITIES
- Car Charging Station
- Individual Leases Available
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 3+2.5 | 1 | - | - |
| 3+2.5 | 1 | $3,250 | 1,683 |
1 1
Walk Score®
Very Walkable (80)
Bike Score®
Very Bikeable (84)
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11 E Sullivan Ave
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