411 South Verde Street, Flagstaff, AZ 86001 For Sale

Nestled in an enviable location less than a quarter mile from Northern Arizona University, this unique Flagstaff property presents a compelling investment opportunity. Featuring a completely renovated front duplex and a stunning, newly constructed three-story building, this high-density residential zoned parcel offers immediate income potential and significant future growth. Discover a property designed for modern living and ideally positioned to capitalize on the strong demand for student housing.

This unique Flagstaff property, located less than a quarter mile from Northern Arizona University (NAU), offers a compelling investment opportunity with a mix of renovated and new construction. The property is zoned for high-density residential use and comprises two structures on a 0.24-acre parcel. The property’s location is ideal for student housing, given its proximity to the NAU campus. The listing price is set at $3,750,000, representing a 5.50% CAP Rate on the proforma analysis. The property is fully leased.

Renovated Duplex: The front (south) structure is a 1,026 sq ft duplex, originally built in 1950 but completely rebuilt in 2024. The renovation included a new concrete slab, updated underground utilities, a new roof, windows, doors, exterior stucco, and an all-new interior. Each unit in the duplex features one bedroom, one bathroom, a built-in stack washer/dryer, and modern finishes in the kitchen and bathroom. The duplex units are air-conditioned, and each includes 4 parking spaces.

New Construction: The back (north) unit is a new three-story structure. This building offers 13 parking spaces under and around the structure. The first floor currently has a 1-bedroom/1 bathroom apartment with a personal washer/dryer. The second and third floors are identical, each featuring 6 bedrooms and 6 bathrooms, a full kitchen, a shared living area, a laundry room, and an exterior deck.