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1715 N 1st St 9 Unit Apartment Building $3,400,000 ($377,778/Unit) 4.49% Cap Rate Flagstaff, AZ 86004
Investment Highlights
- Great Cash Flow
- Low rental turnover
Executive Summary
Investment Opportunity in the Heart of Flagstaff! This Sunnyside compound features 10 rental units with a strong rental history, a NOI of approx. 152K annually with some units currently renting under market. Units include: one 5BD/3BA home with garage, four 2BD/1BA homes, two 3BD/1BA homes, two 1BD/1BA homes, and a studio. Each unit is unique, tenant longevity is strong, and pride of ownership shows throughout. Ample parking and tons of charm with a treed communal courtyard in the center of the property. Excellent cash flow makes this a rare Flagstaff investment! Truly a one-of-a-kind property!
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| 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 | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $3,400,000 | Apartment Style | Single-Family Home |
| Price Per Unit | $377,778 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.82 AC |
| Cap Rate | 4.49% | Building Size | 10,200 SF |
| No. Units | 9 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1975 |
| Price | $3,400,000 |
| Price Per Unit | $377,778 |
| Sale Type | Investment |
| Cap Rate | 4.49% |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single-Family Home |
| Building Class | C |
| Lot Size | 0.82 AC |
| Building Size | 10,200 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1975 |
Amenities
Unit Amenities
- Kitchen
- Refrigerator
- Sprinkler System
- Tub/Shower
- Patio
Site Amenities
- 24 Hour Access
- Controlled Access
- Courtyard
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 5+3 | 1 | $1,850 | 2,200 |
| 3+1 | 2 | $1,625 | 1,000 - 1,200 |
| 2+1 | 4 | $1,525 | 700 - 1,000 |
| 1+1 | 1 | $1,600 | 600 |
| Studios | 1 | $1,600 | 1,200 |
1 1
Bike Score®
Biker's Paradise (94)
Property Taxes
| Parcel Number | 107-04-043A | Improvements Assessment | $0 (2025) |
| Land Assessment | $0 (2025) | Total Assessment | $159,329 (2025) |
Property Taxes
Parcel Number
107-04-043A
Land Assessment
$0 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$159,329 (2025)
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1715 N 1st St
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