Mehrfamilienhaus In Flagstaff
- 6,659 Sqft
- Aktualisiert: August 21
- Quelle: Northern Arizona Association of REALTORS MLS#204264
Über die Immobilie
22 total units located directly on Historic Route 66 in the heart of Flagstaff. The property consists of 19 studios and 3 larger units and offers a rare chance to acquire scale in one of Arizona’s tightest housing markets.
About 75 percent of the units are currently functional and occupied, but make no mist
22 total units located directly on Historic Route 66 in the heart of Flagstaff. The property consists of 19 studios and 3 larger units and offers a rare chance to acquire scale in one of Arizona’s tightest housing markets.
About 75 percent of the units are currently functional and occupied, but make no mistake -- this property needs a full modernization. The upside here is in the reposition.
The current affordable housing use does not transfer with the sale. Tenants will not convey, and no financials are being provided. This gives a new owner a clean slate to execute their own business plan and reposition the property however they choose.
The opportunities are endless: workforce housing, multifamily conve sober living, transitional housing, boutique hospitality, or a hybrid investment model. Large multi-unit properties with this kind of footprint almost never come available in Flagstaff.
For the investor looking for a pretty turnkey property, this probably isn’t your deal. For the investor looking for upside, forced appreciation, and long-term potential in a supply-constrained market, this one deserves a serious look.
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Art der Immobilie
Andere
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Baujahr
1949
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Preis/Quadratfuß
$405
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