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Bonito - Dale Apartments 2 Multifamily Properties Offered at $4,900,000 in Flagstaff, AZ
INVESTMENT HIGHLIGHTS
- Strong Rental Demand: The mix of unit sizes caters to a broad tenant base, including families, students, and professionals.
- Stable Income Stream: The properties' prime location ensures consistent occupancy rates.
- Value-Add Potential: Opportunities exist to enhance property value through interior upgrades and modern amenities.
EXECUTIVE SUMMARY
Introducing a premier investment opportunity in the heart of downtown Flagstaff: a bundled portfolio featuring 601 W Dale Ave and 315 N Bonito St. This offering comprises three buildings housing a total of 12 spacious 2- and 3-bedroom units, delivering both immediate rental income and long-term appreciation potential. Property Overview Total Units: 12 (mix of 2- and 3-bedroom units) Total Buildings: 3 Combined Square Footage: Approximately 13,972 sq ft Lot Sizes: 601 W Dale Ave - 6,970 sq ft; 315 N Bonito St - 14,374 acres Year Built: 1966 (601 W Dale Ave), 1973 (315 N Bonito St)
Prime Downtown Flagstaff Location.Both properties are situated within walking distance to downtown Flagstaff, Northern Arizona University, and major employers. The neighborhood is known for its historic charm, tree-lined streets, and proximity to parks, schools, and public transportation.
Prime Downtown Flagstaff Location.Both properties are situated within walking distance to downtown Flagstaff, Northern Arizona University, and major employers. The neighborhood is known for its historic charm, tree-lined streets, and proximity to parks, schools, and public transportation.
TAXES & OPERATING EXPENSES (ACTUAL - 2024) Click Here to Access |
ANNUAL |
|---|---|
| Gross Rental Income |
$99,999
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
$99,999
|
| Taxes |
$99,999
|
| Operating Expenses |
-
|
| Total Expenses |
$99,999
|
| Net Operating Income |
-
|
TAXES & OPERATING EXPENSES (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Other Income | |
|---|---|
| Annual | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Operating Expenses | |
|---|---|
| Annual | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Net Operating Income | |
|---|---|
| Annual | - |
PROPERTY FACTS
| Price | $4,900,000 | Status | Active |
| Price / SF | $218.42 / SF | Number of Properties | 2 |
| Sale Condition | Bulk/Portfolio Sale | Individually For Sale | 0 |
| Cap Rate | 4.08% | Total Building Size | 22,434 SF |
| Sale Type | Investment | Total Land Area | 0.48 AC |
| Price | $4,900,000 |
| Price / SF | $218.42 / SF |
| Sale Condition | Bulk/Portfolio Sale |
| Cap Rate | 4.08% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 0 |
| Total Building Size | 22,434 SF |
| Total Land Area | 0.48 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 315 N Bonito St, Flagstaff, AZ 86001 | Multifamily | 13,972 SF | 1973 | - |
| 601 W Dale Ave, Flagstaff, AZ 86001 | Multifamily | 8,462 SF | 1973 | - |
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Bonito - Dale Apartments
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