Arrowhead Lodge Apartments 2010 E Route 66 19 Unit Apartment Building $3,450,000 ($181,579/Unit) Flagstaff, AZ 86004

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.
Although the current income may indicate a lower value, it does not fully recognize the property's future earning potential. Completing the unfinished apartment would add either one large apartment or two smaller apartments. Leasing up the ground-floor commercial space would not only increase income but could also provide an amenity to the complex. Additionally, the potential for an alternative hospitality use or short term rental may provide meaningful upside that is not reflected in today's operating income. Furthermore, since all leases are month to month, any transition could be completed quickly.