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$ 2,900,000
Est. payment /mo
Active
2100 E Route 66 Flagstaff, AZ 86004
6,659 SqFt
UPDATED:
Key Details
Property Type Other Types
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 6,659 sqft
Price per Sqft $435
MLS Listing ID 204264
Year Built 1949
Tax Year 2025
Property Sub-Type Multi Family
Source Northern Arizona Association of REALTORS®
Property Description
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.
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.
Location
State AZ
County Coconino
Area 400 - Sunnyside
Direction USE GPS
Interior
Heating Natural Gas, Wall Furnace
Appliance Refrigerators
Exterior
Utilities Available Sewer Connected, Private Trash Co, Natural Gas Available
Amenities Available Recreation Facilities
Others
Pets Allowed Dogs OK, Cats OK
Tax ID 10712005b
Acceptable Financing Cash, Conventional, Submit
Listing Terms Cash, Conventional, Submit
Listed by Realty One Group, Mountain Desert
Nearby Locations
