2550 Virginia DrYuma, AZ 85364
- Residential income properties
- 51,192 SF
For Sale
$7,600,000
View listing
Property Details for 2550 Virginia Dr
- Year built
- 1972
- Lot size
- 4.10 AC
- Property size (Sq ft)
- 51,192 SF
- Property type
- Residential income properties
- Property subtype
- Multifamily properties
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
2550 Virginia Dr, Yuma, Arizona
Location Insight
- City
- Yuma
- County
- Yuma
- State
- Arizona
- Latitude
- 32.6807
- Longitude
- -114.623
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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