College View Apartments 1220 E Second St 25 Unit Apartment Building $2,201,355 CAD ($88,054 CAD/Unit) 4.57% Cap Rate Winslow, AZ 86047

College View Apartments presents a rare opportunity to acquire a fully occupied, 25-unit multifamily asset in Northern Arizona with immediate cash flow and built-in upside.
This two-building portfolio includes a mix of studio, one-bedroom, and two-bedroom units, appealing to a broad tenant base. The property is in C-class condition, with recent capital improvements that include newer 12,000 BTU mini-split A/C units, updated electrical panels, water heaters, and roof work. Several units have been partially renovated, while others offer additional value-add potential. All units are currently rented on month-to-month terms, providing flexibility for management and rent increases.
Stabilized Asset with Operational Upside
Fully occupied with all tenants on month-to-month leases—offering flexibility for future rent increases
Rents are currently below market, providing an immediate opportunity to improve cash flow
Utilities are currently paid by the owner. Transferring utility expenses to tenants (estimated at $186/month/unit) could result in annual savings of ~$54,934 and dramatically boost net operating income.
Strategic Location
Situated in Winslow, AZ—a supply-constrained rental market with minimal multifamily competition
Proximity to employment, services, and schools
Easy access to I-40 and major regional corridors
Ideal for Investors Seeking:
Turnkey acquisition with in-place income
Light value-add repositioning
Long-term hold or 1031 exchange opportunity
Low-maintenance building systems post-renovation
This is a solid investment opportunity with strong fundamentals and a clear path to higher returns through simple operational adjustments. Contact us today for full financials, rent roll, and showing instructions.