$1,089,000
Downtown Kingman 10-Unit Apartment Complex
Details
APN 304-08-051
Property Type Multifamily
Sub Type Apartment Building
Square Footage 7,436
Units 10
Occupancy 90%
Price per SqFt $146
Broker Co-Op Yes
Year Built 1980
Year Renovated 1998
Buildings 1
Stories 2
Acreage 0.320
Ground Lease No
Multifamily | 10 Units | $108,900/unit
Investment highlights
1. Downtown Kingman Location
The property sits in Historic Downtown Kingman, which has been seeing ongoing revitalization and streetscape improvements.
Walkability to restaurants, breweries, and shops
Close proximity to the courthouse and government offices
Tourism traffic from Route 66
Just 3 minutes to I-40 for regional access
2. Immediate Income
With 9 of 10 units occupied, a buyer is acquiring a nearly stabilized asset that generates income from day one, while still having one unit available for potential rent increase or renovation upside.
3. Limited Competition
There are very few small multifamily properties (10 units) in downtown Kingman.
4. Recent Capital Improvements
The newer roof and repaved parking lot reduce near-term capital expenses, which investors always look for.
Listing Contacts
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