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1715 N 1st St 10 Unit Apartment Building $4,746,128 CAD ($474,613 CAD/Unit) 4.49% Cap Rate Flagstaff, AZ 86004
INVESTMENT HIGHLIGHTS
- Great Cash Flow
- Low rental turnover
EXECUTIVE SUMMARY
Investment Opportunity in the Heart of Flagstaff! This Sunnyside compound features 10 rental units with a strong rental history, with a NOI of approx. 152K annually with some units currently renting under market. Units include: one 5BD/3BA home with garage, four 2BD/1BA homes, two 3BD/1BA homes, two 1BD/1BA homes, and a studio. Each unit is unique, tenant longevity is strong, and pride of ownership shows throughout. Ample parking and tons of charm with a treed communal courtyard in the center of the property. Excellent cash flow makes this a rare Flagstaff investment! Truly a one-of-a-kind property!
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $4,746,128 CAD | Apartment Style | Single-Family Home |
| Price Per Unit | $474,613 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.82 AC |
| Cap Rate | 4.49% | Building Size | 10,200 SF |
| No. Units | 10 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1975 |
| Price | $4,746,128 CAD |
| Price Per Unit | $474,613 CAD |
| Sale Type | Investment |
| Cap Rate | 4.49% |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single-Family Home |
| Building Class | C |
| Lot Size | 0.82 AC |
| Building Size | 10,200 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1975 |
AMENITIES
UNIT AMENITIES
- Kitchen
- Refrigerator
- Sprinkler System
- Tub/Shower
- Patio
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Courtyard
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 5+3 | 1 | $2,582 CAD | 2,200 |
| 3+1 | 2 | $2,268 CAD | 1,000 - 1,200 |
| 2+1 | 4 | $2,129 CAD | 700 - 1,000 |
| 1+1 | 1 | $2,233 CAD | 600 |
| Studios | 1 | $2,233 CAD | 1,200 |
1 1
Bike Score®
Biker's Paradise (94)
PROPERTY TAXES
| Parcel Number | 107-04-043A | Improvements Assessment | $0 CAD (2025) |
| Land Assessment | $0 CAD (2025) | Total Assessment | $222,411 CAD (2025) |
PROPERTY TAXES
Parcel Number
107-04-043A
Land Assessment
$0 CAD (2025)
Improvements Assessment
$0 CAD (2025)
Total Assessment
$222,411 CAD (2025)
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1715 N 1st St
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