Listed by Stepp Commercial
$16,500,000
Ocotillo Hotel Conversion
Details
Property Type Multifamily
Square Footage 51,024
Net Rentable (SqFt) 51,024
Units 150
Cap Rate 6.31%
NOI $1,041,813
Occupancy 86%
Year Built 1982
Ground Lease No
Value add multifamily / hotel conversion
Marketing description
Strong value-add potential in this former hotel, currently in process of conversion to apartments. Many units already renovated, current lease-up is at 86%.
Investment highlights
The following 3 Phoenix properties are available for purchase as a portfolio:
1711 W Bell Rd
1501 Grand Ave
1780 W Missouri Ave
Listing Contacts
Listed by Stepp Commercial
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$1,041,813.00
$86,817.75/mo
Valuation Metrics
0
DSCR
6.31%
Cap Rate
6.31%
ROI
Map
Zoning
C-2 CommercialSpecial CommercialIntermediate Commercial
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View all 445 uses
View all 445 uses Last updated Apr 13, 2026 For deeper zoning details, reports are available at Zoneomics
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