2100 E Rte 66

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2100 E Rte 66

Flagstaff, AZ 86004
Asking Price
$2.90M
Asset Type
Apartment Building Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Multifamily apartment building located at 2100 E Rte 66 in Flagstaff.
  • The property is available for purchase at an asking price of $2,900,000.
  • The site offers potential for either comprehensive property rehabilitation or new construction.
  • This asset is situated directly on the iconic historic Route 66 highway.
  • Flagstaff is a prominent residential and commercial market in northern Arizona.

What's Special

Flagstaff serves as a vital economic and cultural hub in northern Arizona, benefitting from its high elevation and status as a gateway to major regional landmarks. The property at 2100 E Rte 66 sits directly on the historic Route 66 corridor, a location characterized by consistent visibility and steady local traffic. This multifamily asset represents a project for investors looking to capitalize on the housing demand within a growing mountain community. Prospective buyers have the flexibility to pursue a comprehensive rehabilitation of the existing apartment building or clear the site for new development. Given the current configuration and the high visibility of the corridor, the site is well-positioned for repositioning as a modern residential asset. Developers and long-term holders alike will find the location suitable for creating rental units that serve the local workforce and student population drawn to the nearby university and regional health systems.

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NOI
$80,000
Cap Rate
2.76%
DSCR
0.46
Underwater
Cash-on-Cash
-10.59%
Monthly Payment
$14,347.618
Annual Cash Flow
$-92,171.412

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