Log In/Sign Up
Your email has been sent.
Apartments 1372 W Highway 92 37 Unit Apartment Building $3,516,825 CAD ($95,049 CAD/Unit) Bisbee, AZ 85603
Investment Highlights
- Highly visible 37-unit multifamily portfolio on 2.53 acres with diverse unit mix, recent renovations, mini-split HVAC systems, on Hwy 92.
- Recently renovated units feature fresh interior paint, new flooring, bright interiors, and desirable studio, one-, two-, and three-bedrooom layouts.
- Income-producing aparment with on-site office, laundry facilities, expansion potential, and excellent upside through operational improvements
- Strong value-add investment opportunity positioned for immediate cash flow and long-term appreciation near Sierra Vista and the U.S.-Mexico Border.
- Conveniently located near retailers, restaurants, employment centers, Safeway-anchored shopping, and Copper Queen Community Hospital.
- Growing market with projected population growth through 2030, creating sustained housing demand and attractive investment fundamentals.
Executive Summary
Discover 1372 W Highway 92 in Bisbee, Arizona, a 37-unit multifamily investment portfolio that presents a compelling opportunity for investors seeking an income-producing apartment complex with significant value-add potential in Southern Arizona. Strategically positioned along Highway 92, approximately 25 miles from Sierra Vista and near the U.S.-Mexico border, the property benefits from strong regional connectivity, proximity to major employers, retail amenities, healthcare services, and growing housing demand. Situated on a sizable 2.53-acre site with 50 parking spaces, this high-visibility multifamily community offers a diverse unit mix consisting of 24 studio apartments, 11 1-bedroom/1-bath units, 2 2-bedroom/1-bath units, and 1 3-bedroom unit, providing broad appeal to workforce housing, border-region employees, healthcare workers, retirees, and local residents.
1372 W Highway 92 has undergone recent unit renovations featuring fresh interior paint, brand-new flooring, mini-split HVAC systems, and bright, comfortable living spaces designed to attract and retain tenants. Additional amenities include an on-site management office, laundry facility, and ample parking, enhancing operational efficiency and tenant convenience. Located just minutes from Copper Queen Community Hospital, numerous retailers, restaurants, and employment centers, the property is well-positioned to capitalize on continued residential demand throughout the region.
Investors will appreciate 1372 W Highway 92's attractive rental income potential and significant upside through continued renovations, operational improvements, rental growth, and future expansion opportunities. With population growth projected through 2030 and increasing demand for affordable and workforce housing across Cochise County, this multifamily portfolio offers the opportunity to acquire a well-located apartment investment with both immediate income and long-term appreciation potential. Ideal for private investors, multifamily operators, syndication groups, 1031 exchange buyers, and value-add investment firms seeking a scalable multifamily asset in a growing Southern Arizona market.
1372 W Highway 92 has undergone recent unit renovations featuring fresh interior paint, brand-new flooring, mini-split HVAC systems, and bright, comfortable living spaces designed to attract and retain tenants. Additional amenities include an on-site management office, laundry facility, and ample parking, enhancing operational efficiency and tenant convenience. Located just minutes from Copper Queen Community Hospital, numerous retailers, restaurants, and employment centers, the property is well-positioned to capitalize on continued residential demand throughout the region.
Investors will appreciate 1372 W Highway 92's attractive rental income potential and significant upside through continued renovations, operational improvements, rental growth, and future expansion opportunities. With population growth projected through 2030 and increasing demand for affordable and workforce housing across Cochise County, this multifamily portfolio offers the opportunity to acquire a well-located apartment investment with both immediate income and long-term appreciation potential. Ideal for private investors, multifamily operators, syndication groups, 1031 exchange buyers, and value-add investment firms seeking a scalable multifamily asset in a growing Southern Arizona market.
Offering Memorandum
Financial Summary (Actual - 2025) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$359,560
|
$15.32
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$359,560
|
$15.32
|
| Taxes |
$17,878
|
$0.76
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$17,878
|
$0.76
|
| Net Operating Income |
-
|
-
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $359,560 |
| Annual Per SF | $15.32 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $359,560 |
| Annual Per SF | $15.32 |
| Taxes (CAD) | |
|---|---|
| Annual | $17,878 |
| Annual Per SF | $0.76 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $17,878 |
| Annual Per SF | $0.76 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
Property Facts
| Price | $3,516,825 CAD | Building Class | C |
| Price Per Unit | $95,049 CAD | Lot Size | 2.53 AC |
| Sale Type | Investment | Building Size | 23,472 SF |
| No. Units | 37 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1955/2025 |
| Property Subtype | Apartment | Parking Ratio | 2.13/1,000 SF |
| Apartment Style | Low-Rise |
| Price | $3,516,825 CAD |
| Price Per Unit | $95,049 CAD |
| Sale Type | Investment |
| No. Units | 37 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 2.53 AC |
| Building Size | 23,472 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1955/2025 |
| Parking Ratio | 2.13/1,000 SF |
Amenities
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 24 | $1,266 CAD | - |
| 1+1 | 11 | $1,547 CAD | - |
| 2+1 | 2 | $1,969 CAD | - |
| 3+1 | 1 | $2,251 CAD | - |
1 1
Not walkable
10/100
Exceptionally drivable
90/100
Somewhat bikeable
20/100
Nearby Amenities
Retail |
||
|---|---|---|
| Southeastern Arizona Human Resources-Council | Home Improvement | 4 min walk |
| Chevron | Gasoline Station | 5 min walk |
| United States Postal Service | Other Services | 6 min walk |
| Bisbee Science Lab | Other Services | 10 min walk |
| Bisbee City Public Works Admin | Home Improvement | 10 min walk |
| Cochise County Facilities Management | Legal | 10 min walk |
| NAPA Auto Parts | Automotive | 13 min walk |
Property Taxes
| Parcel Number | 102-20-331B | Total Assessment | $259,217 CAD |
| Land Assessment | $23,158 CAD | Annual Taxes | $17,878 CAD ($0.76 CAD/SF) |
| Improvements Assessment | $236,059 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
102-20-331B
Land Assessment
$23,158 CAD
Improvements Assessment
$236,059 CAD
Total Assessment
$259,217 CAD
Annual Taxes
$17,878 CAD ($0.76 CAD/SF)
Tax Year
2025
Sale Advisor
Sale Advisor
1 of 11
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Abbott Realty
Apartments | 1372 W Highway 92
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.