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305 N 5th Ave 10 Unit Apartment Building $951,650 CAD ($95,165 CAD/Unit) 15.91% Cap Rate Holbrook, AZ 86025
Investment Highlights
- High Cash Flow / High Cash on Cash Return / High Rental Demand / No Deferred Maintenance
- Has gone through underwriting
Executive Summary
Property has gone through refinancing and is being sold for $700,000
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 |
$189,242
|
$43.91
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$189,242
|
$43.91
|
| Taxes |
$375
|
$0.09
|
| Operating Expenses |
$37,522
|
$8.71
|
| Total Expenses |
$37,897
|
$8.79
|
| Net Operating Income |
$151,345
|
$35.11
|
Financial Summary (Pro Forma - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $189,242 |
| Annual Per SF | $43.91 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $189,242 |
| Annual Per SF | $43.91 |
| Taxes (CAD) | |
|---|---|
| Annual | $375 |
| Annual Per SF | $0.09 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $37,522 |
| Annual Per SF | $8.71 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $37,897 |
| Annual Per SF | $8.79 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $151,345 |
| Annual Per SF | $35.11 |
Property Facts Under Contract
| Price | $951,650 CAD | Property Subtype | Apartment |
| Price Per Unit | $95,165 CAD | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 15.91% | 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 | $951,650 CAD |
| Price Per Unit | $95,165 CAD |
| Sale Type | Investment |
| Cap Rate | 15.91% |
| 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 | $1,495 CAD | 350 - 3,150 |
| 2+1 | 1 | $2,311 CAD | 700 |
1 1
Fairly walkable
40/100
Exceptionally drivable
90/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 109-02-109 | Total Assessment | $33,165 CAD (2026) |
| Land Assessment | $8,429 CAD (2026) | Annual Taxes | $375 CAD ($0.09 CAD/SF) |
| Improvements Assessment | $24,736 CAD (2026) | Tax Year | 2025 Payable 2025 |
Property Taxes
Parcel Number
109-02-109
Land Assessment
$8,429 CAD (2026)
Improvements Assessment
$24,736 CAD (2026)
Total Assessment
$33,165 CAD (2026)
Annual Taxes
$375 CAD ($0.09 CAD/SF)
Tax Year
2025 Payable 2025
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