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3 E Cottage Ave 10 Unit Apartment Building $1,500,000 ($150,000/Unit) 5.76% Cap Rate Flagstaff, AZ 86001
INVESTMENT HIGHLIGHTS
- 10 Total Units – Property includes a diverse unit mix for optimal occupancy
- Established Rental History – High occupancy and demand
- Excellent Walkability – Minutes to downtown Flagstaff & NAU
- Upside Potential – Opportunity to increase rents and/or renovate
EXECUTIVE SUMMARY
This fully renovated 10-unit multifamily property represents a rare opportunity to acquire a premium income-producing asset in downtown Flagstaff’s rental market. Strategically positioned within walking distance of NAU and historic Route 66, the property benefits from exceptional location and high tenant demand. With complete 2024 renovations including new interior finishes and exterior updates, this turnkey investment offers immediate cash flow potential and long-term appreciation.
PROPERTY FACTS
| Price | $1,500,000 | Apartment Style | Low-Rise |
| Price Per Unit | $150,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.23 AC |
| Cap Rate | 5.76% | Building Size | 3,573 SF |
| No. Units | 10 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1930/2024 |
| Property Subtype | Apartment | ||
| Zoning | HR - High Density Residential | ||
| Price | $1,500,000 |
| Price Per Unit | $150,000 |
| Sale Type | Investment |
| Cap Rate | 5.76% |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.23 AC |
| Building Size | 3,573 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1930/2024 |
| Zoning | HR - High Density Residential |
AMENITIES
UNIT AMENITIES
- Air Conditioning
SITE AMENITIES
- Courtyard
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 3 | $1,238 | 400 |
| 1+1 | 7 | $1,028 | 346 |
1 1
Walk Score®
Walker's Paradise (96)
Bike Score®
Biker's Paradise (99)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $42,700 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$42,700
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3 E Cottage Ave
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