This exceptional 27-unit apartment building presents a compelling investment opportunity in Williams, Arizona. Boasting a 6.65% cap rate, this property offers significant potential for return. The building, originally constructed in 1936 and extensively renovated in 2021, comprises 40,000 square feet on a 65,333 square foot lot. The 15,410 square feet of net rentable space is divided into a desirable unit mix: five studios, two one-bedroom/one-bathroom units, and twenty two-bedroom/one-bathroom units. All but one unit feature individual meters for electricity, water, and gas, minimizing operating expenses. The property benefits from assumable financing, subject to lender approval. Significant value-add potential exists through the addition of approximately four loft units in the existing 9,000 square feet of unrenovated space, further unit construction in the courtyard, or conversion to short-term rentals. Its prime location, approximately three blocks from downtown Williams and the Grand Canyon Railway, ensures high occupancy rates and strong rental demand. The property's solid construction (block and concrete) and updated systems (electrical, plumbing, heating, fire sprinklers) contribute to its long-term viability. Williams's thriving tourism industry and limited multifamily inventory create a highly favorable investment climate. The asking price is $4,495,000, with a price per unit of $166,481.48 and a price per square foot of $112.38. This is a rare opportunity to acquire a well-positioned, high-performing multifamily asset in a sought-after location.
Highlights
Assumable financing available (subject to lender approval).
27-unit apartment building in Williams, AZ.
Fully updated major systems including electrical, plumbing, heating, gas, and fire sprinklers.
Desirable unit mix: 5 studios, 2 one-bedroom/one-bathroom, and 20 two-bedroom/one-bathroom units.
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Contacts
John Klocek
Patrick Burch
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201 Sheridan Ave, Williams, Arizona, 86046
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
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201 Sheridan Ave
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