1800 Fleming St Winslow, AZ 86047
- Commercial real estate
- 46,793 SF
- 5.18 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 1800 Fleming St
- Year built
- 2005
- Lot size
- 5.18 lot acres
- Property size
- 46,793 SF
- Property type
- Commercial real estate
- APN
- 103-13-001E
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Winslow
- County
- Navajo
- State
- Arizona
- Longitude
- -110.71223384787
- Latitude
- 35.032260002047
