250 Carroll Dr
Sierra Vista, AZ 85635
Diamond Elite Sierra Vista · Multifamily Property For Sale · 57 Units

ABI Multifamily’s Middle Market Team is pleased to announce the exclusive availability of Diamond Elite Estates, a 57-unit community located at 250 Carroll Drive in Sierra Vista, Arizona. Diamond Elite Estates is composed of an efficient unit mix, consisting of; (45) Studio Units, (11) 1-Bed / 1-Bath Units & (1) 2-Bed / 1-Bath Units. The property maintains consistent rental demand with ~95% total occupancy. Diamond Elite Estates is master metered for all utilities. The property features an on-site laundry facility, business center, fitness center, community pool, large community area and ample parking for all residents. The property is situated across the street from the famous Tombstone Brewing restaurant and walking distance to Mountain View Golf Course. Sierra Vista is the largest city in Cochise County with a population around 45,000 and a median household income near local averages, reflecting a stable and moderately growing community. Sierra Vista serves as the commercial and service hub of the region, with a diversified employment base that includes education, healthcare, retail, and professional services. A defining economic driver for the city is Fort Huachuca, a major U.S. Army installation that employs thousands of military personnel and civilian workers, providing consistent rental demand and economic resilience to the local housing market. The broader Sierra Vista area offers a small-city lifestyle with reasonable cost of living and access to outdoor recreation, situated about 75 miles southeast of Tucson and roughly 20 miles north of the Mexican border. The region combines desert landscapes with mountain views and outdoor amenities, making it appealing to both families and military-affiliated residents. As a result, properties like Diamond Elite Estates benefit from steady demand driven by local employment opportunities and a balanced demographic profile that supports multifamily rental housing.