Search |

1221 E 3rd Street, Winslow, AZ 86047

$1,395,000

Property Type: Multi-Family Square Footage: 10,413 Status: Active

Current Price: $1,395,000 List Date: 7/30/2025 Last Modified: 10/07/2026

Overview

Description

College View Apartments is a 25-unit multifamily investment spanning two contiguous buildings, 10,413 SF total, on two parcels in the heart of Winslow, Arizona. The property is fully occupied, with documented rent growth: gross scheduled income rose from 194,100 at the start of 2025 to 250,500 on the current rent roll, and market rent analysis shows room to grow toward 285,300 annually. Recent capital improvements include new gas water heaters, updated electrical panels and conduit, and unit-level upgrades at turnover: laminate flooring, new appliances, and cabinetry. Owner pays all utilities, with potential reimbursement upside for a buyer to verify; on-site management. Inc/Exp fields show 2025 actual; the current pro forma and itemized adjustments are in the financial package, available.

Listing Details MLS# 201628

Location, Tax & Legal

County: Navajo
Area: 20 - Winslow
Street #: 1221
Direction: E
Street Name: 3rd
Suffix: Street
City/Town Code: Winslow
State/Province: AZ
Zip Code: 86047

Contract Information

Public Marketing Date: 2025-07-01
List Price/SqFt: 133.97
Owner/Agent: No
Property Sub-Type: Multi Family
Transaction Type: Sale
Short Term Rental Allowed (Y/N): No

Key Words

Sale/Rent Description: For Sale
Net Op Inc: $100,000 - 149,999
Vacancy %: 0%
Cap Rate: 1 - 7.9%
Imprv Sz (Gross SF): 6,000 - 47,999
Land Size: 1 - 1.9 AC
# Units: 9 - 64
Down Payment: Submit

General Property Description

# of Units: 25
Year Built: 1962
Year Built Source: County
Lot Dimensions: 100' x 230'

Currently Not Used

Approx SqFt: 10413

More Information

Property Features

To Show: Appt Only/CLO; Drive By/Don't Enter Leases: Month To Month Owner Pays: All Utilities Util incld in Rent: Cable TV; Electicity; Natural Gas; Sewer; Trash Collection; Water Potential Terms: Cash; Conventional Interior Amenities: Cement Slab; Laundry Area; Range/Ovens; Refrigerators; Smoke/Heat Det. Exterior Amenities: Laundry Room Docs on File: Current P & L Utilities: Cable Available; City Water; Electricity Available; Natural Gas; Phone Available; Primary Meter; Sewer Heating: Electric; Natural Gas Cooling: Multi Units Construction: Frame - Wood Roof: Asphalt Shingle Management: On-Site Manager