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214 Ellery Ave & 411 S Verde St 2 Specialty Properties Offered at $3,550,000 in Flagstaff, AZ
INVESTMENT HIGHLIGHTS
- Brand new location located less than 1/4 mile from the Northern Arizona University campus
- Onsite parking
EXECUTIVE SUMMARY
Nestled in an enviable location less than a quarter mile from Northern Arizona University, this unique Flagstaff property presents a compelling investment opportunity. Featuring a completely renovated front duplex and a stunning, newly constructed three-story building, this high-density residential zoned parcel offers immediate income potential and significant future growth. Discover a property designed for modern living and ideally positioned to capitalize on the strong demand for student housing.
This unique Flagstaff property, located less than a quarter mile from Northern Arizona University (NAU), offers a compelling investment opportunity with a mix of renovated and new construction. The property is zoned for high-density residential use and comprises two structures on a 0.24 acre parcel. The property’s location is ideal for student housing, given its proximity to the NAU campus. The listing price is set at $3,550,000, representing a 5.75% CAP Rate on the proforma analysis. The owner is currently in negotiations to lease the new structure at the proforma rate.
This unique Flagstaff property, located less than a quarter mile from Northern Arizona University (NAU), offers a compelling investment opportunity with a mix of renovated and new construction. The property is zoned for high-density residential use and comprises two structures on a 0.24 acre parcel. The property’s location is ideal for student housing, given its proximity to the NAU campus. The listing price is set at $3,550,000, representing a 5.75% CAP Rate on the proforma analysis. The owner is currently in negotiations to lease the new structure at the proforma rate.
PROPERTY FACTS
| Price | $3,550,000 | Number of Properties | 2 |
| Price / SF | $455.71 / SF | Individually For Sale | 0 |
| Cap Rate | 5.78% | Total Building Size | 7,790 SF |
| Sale Type | Investment | Total Land Area | 0.48 AC |
| Status | Active |
| Price | $3,550,000 |
| Price / SF | $455.71 / SF |
| Cap Rate | 5.78% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 7,790 SF |
| Total Land Area | 0.48 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 411 S Verde St, Flagstaff, AZ 86001 | Specialty | 6,764 SF | 2025 | - |
| 214 E Ellery Ave, Flagstaff, AZ 86001 | Specialty | 1,026 SF | 1950 | - |
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214 Ellery Ave & 411 S Verde St
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