Arizona Apartment Buildings for Sale

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108 N Meridian Road

Apache Junction, AZ 85120

Multi-Family

$1,200,00015,820 SF

This Eastside Property is in excellent condition with nearly All Units Remodeled Recently. All Newer A/C units, Newer Kitchens, All Newer Hot Water Heaters, 8 Year Young Roofs, Lush Landscaping. Five Buildings - Four 2 story Buildings plus separate One Story Building with a Managers Office, Laundry Room, and 2 Additional Units. Great Looking Complex with no known deferred maintenance. Unit Mix = 10 Two Bedroom/Two Bath Units - 16 One Bed/One Bath Units - 1 Studio Unit. Laundry Lease has just expired - New Owner can decide which company to use or buy equipment! Storage Sheds will stay w/property. Conveniently located off of Highway 202. 2014 Rent Total $122,717.33 / NOI $88,640.21

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5110 N 19th Avenue

Phoenix, AZ 85015

Multi-Family

$2,975,00027,826 SF

7% CAP RATE. New loan available at 3.75% fixed. 93% occupancy. Asking rents at property have not been increased in over 3 years - which creates near-term rental upside for Buyer. (Note: Property earns additional $30k-plus per year in miscellaneous income) Rare opportunity to acquire a pride-of-ownership community, situated in the path of growth, along the Metro Light-Rail Line. Single-story, block construction, individually-metered, low-density. 2.18 acres of beautifully-landscaped grounds, create very desirable living environment. (Potential future re-development: Current R-5 Zoning.) The property has had a long history of being well-cared for and is in very good condition. Copper plumbing, new roofs (2013) and majority of interiors were upgraded over last couple of years.

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2340 W Coolidge Street

Phoenix, AZ 85015

Multi-Family

$599,0007,899 SF

The Coolidge Apartments are comprised of two parcels and six buildings, housing eleven two bedroom units and one studio unit,**** All individually metered for electricity/gas and all units with air conditioning. **** Majority of HVAC's have recently been replaced.***The five duplex buildings are ALL TWO bedroom units*** Updated electrical boxes/meters and drops*** Individual fenced yards & storage***Tenant favored private driveways and carports allowing tenants to park right next to their unit to unload groceries directly into the kitchen! **** These amenities help keep turnover to a minimum! The current rents are under market as these features are being overlooked, and consequently occupancy has always been excellent!***9.3 Cap rate on market rents*****Tenants are responsible for their own electric and gas expense. Owner pays water/sewer/trash with the City of Phoenix. PLEASE SEE ATTACHED EXECUTIVE SUMMARY for YTD actual income & expenses + proforma projections. 9.3 CAP ON MARKET RENTS**** Buyer to verify all information, building sizes and any item of concern prior to the end of the due diligence period.

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2575 W 24th Street

Yuma, AZ 85364

Multi-Family

$13,900,000136,448 SF

Marcus & Millichap is please to offer the 176-unit River Park Apartments. This resort-like community is in a premium 'A' location within the City of Yuma, Arizona. Completed in 1986 River Park offers a perfect mix of large units including the highly popular 'split' floor plan available in 96 of the 2 bedroom 2 bath units. Amenities include fully appointed clubhouse, heated swimming pool and spa as well as fully furnished corporate suites.

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2200 S Avenue B

Yuma, AZ 85364

Multi-Family

$7,000,000102,808 SF

Marcus & Millichap is please to offer to qualified investor the Lothlorien Apartments. The community consists of 120 garden-style apartment homes in 18 two-story buildings. The complex was developed and completed in 1979 and has been meticulously maintained.

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3050 Hualapai Mountain Road

Kingman, AZ 86401

Multi-Family

$6,200,000135,972 SF

Marcus & Millichap is pleased to offer to qualified investors the 156-unit Copper Ridge Apartments. Located in Kingman, Arizona and built in 1992, the community features a desireable mix of two and three bedroom units. The complex is a market-rate residential property, is historically stabilized within a high demand rental market and has been well maintained. It is being offered on an all-cash basis, or a buyer can take advantage of new, low interest rate financing.

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7108 N 80th Avenue

Glendale, AZ 85303

Multi-Family

$475,0007,296 SF

Massive Cash Flow with a seller carry. Located in a high rental demand area near the University of Phoenix Stadium, Jobing Arena, Westgate Town Center & Valley Freeways, this 14 unit apartment complex is an investor' s dream. Ready to generate more cash flow, many units have been recently updated with fresh paint, flooring, appliances, bath fixtures, blinds & fans. Fresh exterior paint and new landscaping. All units have individually metered electricity. There are 12 one-bedroom apartments, 1 studio apartment and 1 two bedroom unit. The two story building has covered entries and & an energy efficient north/south exposure. Current Seller has renovated, rents are starting to be raised. Every rent is approx $50-75 low per unit. This building sits on an extra large lot where more units can be built.

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1818 N 40th Street

Phoenix, AZ 85008

Multi-Family

$3,600,00054,360 SF

Renovations & the rebranding of this property accounted for nearly $500,000 of capital expense. Today, Revival on 40th provides its community with a contemporary edge at a reasonable rental rate. The result is a stabilized occupancy, comfortable tenancy, & uncomplicated operations! The site plan is comprised of four, three-story rental buildings containing one- & two-bedroom units. The one-bedroom/one-bath units are approximately 720 SF & the two-bedroom/two-bath units are approximately 1,080 SF. Revival on 40th, is situated on one tax parcel (120-11-021C) which is 1.77 acres. The buildings are constructed of wood frame & stucco with foam roofs & roof-mounted air conditioners. Each unit at Revival on 40th offers an external patio or balcony, a frost-free refrigerator, a dishwasher, a disposal, & a terrific open floor plan. Renovated units are styled as either "New York" models featuring stained concrete floors & stainless-steel appliances including a built in microwave, or "Classic" models featuring vinyl "wood plank" floors & black or white appliances. Both models feature washers & dryers.

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325 W Gurley Street

Prescott, AZ 86301

Multi-Family

$1,149,0002,700 SF

This is a spectacular Prescott Loft steps from the downtown square that is Mixed Use Zoning and generating income as a vacation home rental. This 2700 sq ft penthouse condo is supremely upgraded, boasts 3 bedrooms, 2 baths, private elevator, secure garage parking and is easy to rent at $400-450 per night!

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420 E Glenn Street

Tucson, AZ 85705

Multi-Family

$267,0003,500 SF

4 units on two tax-codes. Two of the units were built in 1996 and two were built in 1961. Across from elementary school in North Central Tucson approx 2 miles from U of A. 2 carports. The property has some long term tenants and rents easy with proximity to shopping , schools and easy access to down-town Tucson. Owner may consider seller finance. Seperate meters great for cash flow.

Arizona Apartment Buildings for Sale

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