Canyon Vista 93 Kings Way 40 Unit Apartment Building $4,492,637 CAD ($112,316 CAD/Unit) 6.74% Cap Rate Sierra Vista, AZ 85635

ABI Multifamily’s Middle Market Team is pleased to announce the exclusive availability of Canyon Vista Apartments, a 40-unit community located at 93 Kings Way in Sierra Vista. Canyon Vista is composed of a great unit mix, consisting of; (6) 1-Bed / 1-Bath Units, (26) 2-Bed / 1-Bath Units & (8) 3-Bed / 1-Bath Units. Currently, due to fire damage there are (6) total units that are offline. This provides an additional value-add opportunity to the Buyer, getting those units back in rentable condition. Canyon Vista is individually metered for Electricity and Gas, being master metered for Water, Sewer, Trash & WiFi. There is an ability to increase rents to market levels on the next turn of leases. The property features an on-site laundry facility, large community area, a multipurpose room and ample parking for all residents. 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 Canyon Vista benefit from steady demand driven by local employment opportunities and a balanced demographic profile that supports multifamily rental housing.