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1105 E Ponderosa Pky, FLAGSTAFF, AZ 86001

  • Renovate the remaining 65% of units to the premium renovation package – current in-place classic rents are up to $446 below renovated asking rents
  • Opportunity to install washers and dryers in unit and capture an additional $50/unit/month in incomeCurrent ownership invested just under $2 million in capital improvements featuring a brand new leasing office, clubhouse/resident lounge, and fitness center
  • Strong in place operations with 98% physical occupancy and +5% month-to-month net revenue growth
  • Exceptional submarket dynamics with an average household income of $82,640 and median single family home price of $348,333 within a five mile radius of the property.

Key Property Information

Listing Status
Multifamily type
Garden Style
No. of Units
Cap Rate
Average Occupancy
Year Built
Building Size
97,392 Sq ft
Lot Size
0 Sq ft
No. of Stories
Opportunity Zone
Price per unit
$ 0