For Sale
$7,600,000

2550 Virginia Dr Yuma, AZ 85364

94-unit apartment building, strong ROI.

Property Records

Overview

Added:
Dec 11, 2024
Days on market:
138
This exceptional multifamily investment opportunity presents a 94-unit apartment building located at 2550 S Virginia Dr, Yuma, AZ 85364. The property, built in 1972 and renovated in 2010, boasts a total of 51,192 square feet across 35 one-story buildings situated on a 4.1-acre lot. Currently operating at 95% occupancy, the property generates a substantial net operating income (NOI) of $547,000, representing a 7.20% capitalization rate. Each of the 94 units features a kitchen with a gas stove, living room, one bedroom, a front porch, and a rear patio. Community amenities include a laundry room, covered parking, and a swimming pool. Water, sewer, and trash services are included in the rent

Highlights

  • 94 modular units in prime Yuma location.
  • Predominantly one-bedroom units.
  • Units feature front porches and rear patios.
  • On-site amenities include covered parking and a community pool.

Property Details for 2550 Virginia Dr

Property type
Apartment buildings
Square Feet
51,192 SF
Class
B
Year Built/Renovated
1972/2010
Buildings
35
Stories
1
Lot Size (sq. ft)
178,596 SF
Units
94

Location Insight

City
Yuma
County
Yuma
State
Arizona
Latitude
32.6807117
Longitude
-114.6227492

FAQs

What type of property is this?
Apartment building - 94-unit apartment building, strong ROI.
Where is the apartment building located?
The property is located at 2550 Virginia Dr Yuma, AZ.
What is the asking price?
The asking price for this property is $7,600,000.
What are key features of this property?
This property features: 94 modular units in prime Yuma location.; Predominantly one-bedroom units.; Units feature front porches and rear patios.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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2550 Virginia Dr
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