Listed by Kelly & Call Commercial
$4,250,000
315 N. Bonito St & 601 W Dale Ave
Details
APN 100-07-012A; 100-07-012B
Property Type Multifamily
Sub Type Apartment Building
Square Footage 13,972
Units 12
Year Built 1966 (Dale) and 1973 (Bonito)
Acreage 0.490
Investment Type Value Add
Multifamily | 12 Units
Marketing description
This rare 12-unit portfolio consists of three well-located 4-plex buildings in Flagstaff’s walkable, supply-constrained core, offering stable income with clear upside through rent growth and value-add improvements. Ideal for long term investors seeking durable demand in a resilient infill market with limited competitive supply.
Opportunities to acquire true infill multifamily in Flagstaff’s Townsite core are limited. This portfolio consists of three 4-plex apartment buildings totaling 12 units, located in one of the city’s most walkable and renter-supported neighborhoods.
Situated just minutes from downtown and surrounded by established residential areas, parks, schools, and daily conveniences, the asset is well positioned for a long-term hold investor seeking durable demand with a defined path to improved returns through rent growth and light value-add execution.
Value-Add Strategy:
The pro forma assumes selective interior improvements across certain units to support rent growth and long-term positioning. These improvements are typical for assets of this vintage and may include cosmetic and functional updates at the discretion of new ownership.
Actual renovation scope, timing, and costs will vary based on buyer strategy. Pro forma performance is intended to illustrate potential upside and does not imply a required or guaranteed improvement plan.
Investment highlights
- 315 N Bonito St: 8 total units with four 2-bedroom and four 3-bedroom units
- 601 W Dale Ave: 4 total units all 3-bedroom
- Rare opportunity to acquire a Townsite core multifamily portfolio
- Supply-constrained location with limited new multifamily development nearby
- Bedroom-heavy unit mix aligned with Flagstaff tenant demand
- Stable in-place income with clear upside through rent repositioning
- Comparable sales support pricing strength for small multifamily assets in this submarket
Listing Contacts
Listed by Kelly & Call Commercial
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