1800 Fleming StWinslow, AZ 86047

Property Details for 1800 Fleming St

Year built

2005

Lot size

5.18 AC

Property size (Sq ft)

46,793 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

Winslow Crossings, a 52-unit apartment building located at 1800 W Fleming St, Winslow, AZ 86047, presents a unique investment opportunity. This Class B multifamily property, built in 2005, encompasses 46,793 square feet on a 5.18-acre lot (APN: 103-13-001E). The two-story building features a mix of 8 one-bedroom/one-bathroom, 20 two-bedroom/two-bathroom, and 24 three-bedroom/two-bathroom units, ranging in size from 839 to 1,255 square feet. Currently participating in the Low-Income Housing Tax Credit (LIHTC) program, Winslow Crossings is past its initial compliance period and eligible for market-rate conversion. This presents a compelling opportunity given the significant shortage of market-rate apartments in Winslow, Arizona, and the potential for increased rental income. The property's location in Winslow offers proximity to employment opportunities, while the current lack of available market-rate housing creates high demand. This makes Winslow Crossings an attractive investment for those seeking to capitalize on the growing need for quality rental units in a rapidly developing area. The property's existing infrastructure and established tenant base provide a solid foundation for future growth and profitability.

Location Insight

City

Winslow

County

Navajo

State

Arizona

Latitude

35.0323

Longitude

-110.712

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