301 Copper St 10 Unit Apartment Building $1,150,000 ($115,000/Unit) 3.91% Cap Rate Kingman, AZ 86401

Located at 301 Copper Street in Historic Downtown Kingman, this 10-unit apartment complex presents a solid opportunity in one of the city's most active and revitalizing areas. The two-story property offers 7,436 square feet of improvements situated on a 0.32-acre elevated lot, with all units featuring the same two-bedroom, one-bath layout. The complex was built in 1980 and includes five units on the upper level and five on the lower level. Currently, nine of the ten units are occupied, offering immediate income with additional upside potential. Each apartment includes an eat-in kitchen with ample counter space, spacious living areas with large windows for natural light, and views of the surrounding Hualapai Mountains and nearby desert buttes. The property provides several tenant-friendly amenities, including an outdoor courtyard with a barbecue area and a shade tree, and a private laundry area with coin-operated washers and dryers. Recent capital improvements include a new roof and a repaved parking lot. Positioned just a few blocks from restaurants, breweries, and local shops, the property benefits from its location within Downtown Kingman's ongoing revitalization and streetscape improvements. The site also offers excellent accessibility, located approximately three minutes from Interstate 40. Kingman serves as the regional hub for Mohave County and benefits from several major employers, including the Mohave County government offices and courthouse complex, Kingman Regional Medical Center, the Kingman Airport and Industrial Park, and a growing tourism economy driven by Historic Route 66. With consistent demand for rental housing in the downtown area, proximity to major employers, and continued investment in the downtown corridor, 301 Copper Street offers investors an opportunity to acquire a stabilized multi-family property in a growing market. * One member of the selling LLC is a licensed real estate agent in the states of Arizona and Nevada.