If you've been waiting for a real Flagstaff value-add deal... this is it. 22 total units located directly on Historic Route 66 in the heart of Flagstaff. The property consists of 19 studios and 3 larger units and offers a rare chance to acquire scale in one of Arizona's tightest housing markets. About 75 percent of the units are currently functional and occupied, but make no mistake -- this property needs a full modernization. The upside here is in the reposition. The current affordable housing use does not transfer with the sale. Tenants will not convey, and no financials are being provided. This gives a new owner a clean slate to execute their own business plan and reposition the property however they choose. The opportunities are endless: workforce housing, multifamily conve sober living, transitional housing, boutique hospitality, or a hybrid investment model. Large multi-unit properties with this kind of footprint almost never come available in Flagstaff. For the investor looking for a pretty turnkey property, this probably isn't your deal. For the investor looking for upside, forced appreciation, and long-term potential in a supply-constrained market, this one deserves a serious look.
| 7 days ago | Listing first seen on site | |
| 7 days ago | Listing updated with changes from the MLS® |
123 W Birch Ste 106, AZ, 86001, USA
IDX information is provided exclusively for consumers’ personal, non-commercial use and that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed to be accurate. Listing information updated daily.
Did you know? You can invite friends and family to your search. They can join your search, rate and discuss listings with you.