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Arrowhead Lodge Apartments 2010 E Route 66 19 Unit Apartment Building $3,695,000 ($194,474/Unit) 5.90% Cap Rate Flagstaff, AZ 86004
Investment Highlights
- Built in 1965, renovated in 2015
- Prime location for multifamily investment
- Convenient access to Route 66
Executive Summary
Prime opportunity for multifamily investors to acquire a fully remodeled 19-unit property on 0.89 acres at a high-traffic, signalized intersection in Flagstaff. This income-producing asset features four updated buildings, offering stable rental income in a supply-constrained market.
Property Facts
| Price | $3,695,000 | Apartment Style | Low-Rise |
| Price Per Unit | $194,474 | Building Class | B |
| Sale Type | Investment | Lot Size | 0.90 AC |
| Cap Rate | 5.90% | Building Size | 15,000 SF |
| No. Units | 19 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 2022 |
| Property Subtype | Apartment | ||
| Zoning | HC - Highway Commercial | ||
| Price | $3,695,000 |
| Price Per Unit | $194,474 |
| Sale Type | Investment |
| Cap Rate | 5.90% |
| No. Units | 19 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.90 AC |
| Building Size | 15,000 SF |
| No. Stories | 1 |
| Year Built | 2022 |
| Zoning | HC - Highway Commercial |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 19 | - | - |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 107-06-002E | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $157,317 |
Property Taxes
Parcel Number
107-06-002E
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$157,317
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Arrowhead Lodge Apartments | 2010 E Route 66
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