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305 N 5th Ave 10 Unit Apartment Building $895,252 CAD ($89,525 CAD/Unit) 17.13% Cap Rate Holbrook, AZ 86025
INVESTMENT HIGHLIGHTS
- High Cash Flow / High Cash on Cash Return / High Rental Demand / No Deferred Maintenance
EXECUTIVE SUMMARY
**Seller has decided to refinance the property and is no longer selling.
Fully Renovated 10 unit apartment building near downtown Holbrook. 9 Studios and one 2 bedroom 1 bath. Gross Income $139k year and Nets $111k a year. Where can you buy a rental home with these kind of numbers? Self Managed, no issues getting renters. Low monthly expenses and everything is new. New roof, doors, windows, electrical, mini split AC's with heat pump, breaker box, meter, electric service drop, plumbing, plumbing fixtures, dry wall, interior, exterior paint, and covered patio. List goes on and on. **A 5 year limited contractor limited warranty included. **DO NOT DISTURB TENANTS**
Please see additional information in the documents section.
Fully Renovated 10 unit apartment building near downtown Holbrook. 9 Studios and one 2 bedroom 1 bath. Gross Income $139k year and Nets $111k a year. Where can you buy a rental home with these kind of numbers? Self Managed, no issues getting renters. Low monthly expenses and everything is new. New roof, doors, windows, electrical, mini split AC's with heat pump, breaker box, meter, electric service drop, plumbing, plumbing fixtures, dry wall, interior, exterior paint, and covered patio. List goes on and on. **A 5 year limited contractor limited warranty included. **DO NOT DISTURB TENANTS**
Please see additional information in the documents section.
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$191,722
|
$44.48
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$191,722
|
$44.48
|
| Taxes |
$380
|
$0.09
|
| Operating Expenses |
$38,014
|
$8.82
|
| Total Expenses |
$38,394
|
$8.91
|
| Net Operating Income |
$153,328
|
$35.57
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $191,722 |
| Annual Per SF | $44.48 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $191,722 |
| Annual Per SF | $44.48 |
| Taxes (CAD) | |
|---|---|
| Annual | $380 |
| Annual Per SF | $0.09 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $38,014 |
| Annual Per SF | $8.82 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $38,394 |
| Annual Per SF | $8.91 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $153,328 |
| Annual Per SF | $35.57 |
PROPERTY FACTS In Escrow
| Price | $895,252 CAD | Property Subtype | Apartment |
| Price Per Unit | $89,525 CAD | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 17.13% | Lot Size | 0.33 AC |
| Sale Condition | Redevelopment Project | Building Size | 4,310 SF |
| Gross Rent Multiplier | 4.69 | Average Occupancy | 100% |
| No. Units | 10 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1959/2025 |
| Zoning | MUNICIPAL - City of Holbrook is in the process of rezoning area to residential. | ||
| Price | $895,252 CAD |
| Price Per Unit | $89,525 CAD |
| Sale Type | Investment |
| Cap Rate | 17.13% |
| Sale Condition | Redevelopment Project |
| Gross Rent Multiplier | 4.69 |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.33 AC |
| Building Size | 4,310 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1959/2025 |
| Zoning | MUNICIPAL - City of Holbrook is in the process of rezoning area to residential. |
AMENITIES
- Smoke Detector
UNIT AMENITIES
- Air Conditioning
- Storage Space
- Ceiling Fans
- Eat-in Kitchen
- Hardwood Floors
- High Speed Internet Access
- Refrigerator
- Wi-Fi
- Attic
- Double Pane Windows
- Quartz Countertops
SITE AMENITIES
- Private Bathroom
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 9 | $1,515 CAD | 350 - 3,150 |
| 2+1 | 1 | $2,341 CAD | 700 |
1 1
PROPERTY TAXES
| Parcel Number | 109-02-109 | Total Assessment | $33,785 CAD (2026) |
| Land Assessment | $8,586 CAD (2026) | Annual Taxes | $380 CAD ($0.09 CAD/SF) |
| Improvements Assessment | $25,198 CAD (2026) | Tax Year | 2025 Payable 2025 |
PROPERTY TAXES
Parcel Number
109-02-109
Land Assessment
$8,586 CAD (2026)
Improvements Assessment
$25,198 CAD (2026)
Total Assessment
$33,785 CAD (2026)
Annual Taxes
$380 CAD ($0.09 CAD/SF)
Tax Year
2025 Payable 2025
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305 N 5th Ave
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