2550 Virginia DrYuma, AZ 85364

Property Details for 2550 Virginia Dr

Year built

1972

Lot size

4.10 AC

Property size (Sq ft)

51,192 SF

Property type

Apartment buildings

Description

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

Location Insight

City

Yuma

County

Yuma

State

Arizona

Latitude

32.6807

Longitude

-114.623

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