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44 N Aldrice Burk Dr - The Pines Apartments 20 Unit Apartment Building Offered at $2,300,000 Springerville, AZ 85938
Investment Highlights
- Convenient Walkability to Shopping Plazas
- Easy Access to the Apache-Sitgreaves National Forest
Executive Summary
The Pines Apartments is a well-established, 20-unit multifamily community at 44 Aldrice Burk Drive, Springerville, Arizona. Built in 1985 on a 1-acre site, the property offers 14,542 net rentable square feet of garden-style, two-story townhouse units in a market with very limited rental supply.
6 one-bedroom / 1-bath (loft-style)
7 two-bedroom / 1-bath (townhouse-style)
7 three-bedroom / 1-bath (townhouse-style)
Standard Finishes: Kitchen range & refrigerator, heating, tub/shower
All 2 and 3 bedroom units have washer/dryer hookups
35 uncovered parking spaces
Located in the heart of Springerville (pop. 6,300+), residents enjoy convenient walkability to shopping plazas, White Mountain Regional Medical Center, and easy access to the Apache-Sitgreaves National Forest. While daily errands are generally car-dependent, the property sits in one of the few pockets of true market-rate rental housing in the entire mountain town.
6 one-bedroom / 1-bath (loft-style)
7 two-bedroom / 1-bath (townhouse-style)
7 three-bedroom / 1-bath (townhouse-style)
Standard Finishes: Kitchen range & refrigerator, heating, tub/shower
All 2 and 3 bedroom units have washer/dryer hookups
35 uncovered parking spaces
Located in the heart of Springerville (pop. 6,300+), residents enjoy convenient walkability to shopping plazas, White Mountain Regional Medical Center, and easy access to the Apache-Sitgreaves National Forest. While daily errands are generally car-dependent, the property sits in one of the few pockets of true market-rate rental housing in the entire mountain town.
Property Facts
| Price | $2,300,000 | Lot Size | 1.00 AC |
| Price Per Unit | $115,000 | Building Size | 14,542 SF |
| Sale Type | Investment | No. Stories | 2 |
| No. Units | 20 | Year Built | 1985 |
| Property Type | Multifamily | Parking Ratio | 2.41/1,000 SF |
| Apartment Style | Townhome |
| Price | $2,300,000 |
| Price Per Unit | $115,000 |
| Sale Type | Investment |
| No. Units | 20 |
| Property Type | Multifamily |
| Apartment Style | Townhome |
| Lot Size | 1.00 AC |
| Building Size | 14,542 SF |
| No. Stories | 2 |
| Year Built | 1985 |
| Parking Ratio | 2.41/1,000 SF |
Amenities
Unit Amenities
- Washer/Dryer Hookup
- Heating
- Refrigerator
- Range
- Tub/Shower
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 6 | - | - |
| 2+1 | 7 | - | - |
| 3+1 | 7 | - | - |
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44 N Aldrice Burk Dr - The Pines Apartments
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