Courtesy of: Pinnacle Realty And Investment Advisors LLC
Year Build: 1957
Square Footage: 31,797 Sq ft
Address: 201 W Fry Boulevard
City: Sierra Vista
Property Taxes: $8,910
Gorgeously remodeled/updated 69 unit apartment complex located a quarter mile from Ft. Huachuca in Sierra Vista listed at a proforma 6.22% cap rate. In 2021 to present, property boasts new roof, new gym, remodeled leasing office, business center, pool, fire safety system, and muraled walls. 39 of the units received brand new kitchens, flooring, paint, fixtures, and appliances. All units were updated with new paint, flooring, and many have new PTAC AC units. 30 of the units are currently furnished with another 10 underway. Currently at 95% occupancy with an average rental rate (including RUBS) of $895 per unit. Property has to be leased month to month to keep grandfathered zoning. One of the Members of the Owner is a licensed real estate broker in AZ.
Courtesy of: Pinnacle Realty And Investment Advisors LLC The data relating to real estate listings on this website comes in part from the Internet Data
Exchange (IDX) program of Multiple Listing Service of Southern Arizona. IDX information is
provided exclusively for consumers' personal, non-commercial use and may not be used for
any purpose other than to identify prospective properties consumers may be interested in
purchasing. Listings provided by brokerages other than the Brokerage / Owner of this site are
identified with the MLSSAZ IDX Logo.
All Information Is Deemed Reliable But Is Not Guaranteed Accurate. Updated: 24th September, 2022 7:39 PM (UTC)
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