$5,300,000
Flagstaff, AZ 86001
MLS# 200628
13972 sqft
1 / 35
Property Description
Introducing a premier investment opportunity in the heart of downtown Flagstaff: a bundled portfolio featuring 601 W Dale Ave and 315 N Bonito St. This offering comprises three buildings housing a total of 12 spacious 2- and 3-bedroom units, delivering both immediate rental income and long-term appreciation potential. Property Overview Total Units: 12 (mix of 2- and 3-bedroom units) Total Buildings: 3 Combined Square Footage: Approximately 13,972 sq ft Lot Sizes: 601 W Dale Ave - 6,970 sq ft; 315 N Bonito St - 14,374 acres Year Built: 1966 (601 W Dale Ave), 1973 (315 N Bonito St)
Details
Maps
Contract Information
Status: Active
Listing Agreement Date: 2025-05-09
Current Price: $5,300,000
List Price: $5,300,000
List Price/SqFt: 379.33
Owner/Agent: No
Property Sub-Type: Duplex, Triplex, 4-Plex, 8-Plex
Transaction Type: Sale
Short Term Rental (Y/N): No
Location Tax Legal
County: Coconino
Area: 145 - Flagstaff Townsite
Street #: 315
Direction: N
Street Name: Bonito
Suffix: Street
City/Town Code: Flagstaff
State/Province: AZ
Zip Code: 86001
Geo Lat: 35.203069
Geo Lon: -111.654436
Key Words
Sale/Rent: For Sale
Net Op Inc: CLO
Vacancy %: 0%
Cap Rate: 1 - 7.9%
Imprv Sz (Gross SF): 6,000 - 47,999
Land Size: 12,001 - 21,799 SF
# Units: 3
Down Payment: Submit
General Property Description
# of Units: 3
Year Built: 1973
Year Built Source: County
Currently Not Used
Approx SqFt: 13972
Property Features
To Show: Appt Only/CLO
Leases: Month to Month; 1 Year +
Util incld in Rent: Sewer; Snow Removal; Trash Collection; Water
Potential Terms: Cash; Conventional
Interior Amenities: Cement Slab; Dishwashers; Disposals; Laundry Area; Range/Ovens; Refrigerators; Shared Baths; Smoke/Heat Det.
Exterior Amenities: Carports; Covered Parking; Priv Yards
Lot Street Imprvmnts: Alley; Paved Street; Sidewalks; Street Parking; Unpaved Parking
Utilities: City Water; Electric; Natural Gas; Sewer; Telephone; TV Cable
Heating: Central; Natural Gas
Cooling: None
Construction: Frame - Wood; Masonry
Roof: Asphalt Shingle; Metal; Pitched
Management: Mgmt. Co.
Supplements
Prime Downtown Flagstaff Location
Both properties are situated within walking distance to downtown Flagstaff, Northern Arizona University, and major employers. The neighborhood is known for its historic charm, tree-lined streets, and proximity to parks, schools, and public transportation.
Investment Highlights
Strong Rental Demand: The mix of unit sizes caters to a broad tenant base, including families, students, and professionals.
Value-Add Potential: Opportunities exist to enhance property value through interior upgrades and modern amenities.
Stable Income Stream: The properties' prime location ensures consistent occupancy rates.
Unified Sale: Both properties are to be sold together, providing a substantial foothold in Flagstaff's rental market.
Nearby Amenities
Education: Flagstaff High School, Eva Marshall Elementary, San Francisco de Asis Catholic School
Recreation: Thorpe Park, Flagstaff Urban Trail System
Transportation: Easy access to public transit and major roadways
Listing Office: West USA Realty Flagstaff
Last Updated: June - 27 - 2025
Copyright 2021 Northern Arizona Association of Realtors®. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.