$952,000
Flagstaff, AZ 86001
MLS# 194432
Status: Closed
2470 sqft
1 / 24
Property Description
What a great downtown property. Live in one unit and rent the other. Nicely maintained with a fenced backyard and 2-1 car garages. Large concrete driveway. Lower unit is occupied by Owner. Upper unit is leased through 6/24. Upper unit pays $2950 per month. Deposit is $2950. The purpose of this sale is to enact and IRS 1031 Exchange.
Details
Contract Information
List Price/SqFt: 394.73
Transaction Type: Sale
Status: Closed
Listing Agreement Date: 2023-08-21
Current Price: $952,000
Sold Price: $952,000
Property Sub-Type: Duplex, Triplex, 4-Plex, 8-Plex
Location, Tax & Legal
Region: 10 - North West City
APN: 10123024
Unit #: 1&2
Cross Street: Birch
Legal Description: LOT 14,1&4 BLOCK B RAILROAD ADD
Zoned: HR
Taxes: 4064
Tax Year: 2022
County: Coconino
Area: 140 - Pinecrest/Cherry Hill
Street #: 1
Direction: E
Street Name: Terrace
Suffix: Avenue
City/Town Code: Flagstaff
State/Province: AZ
Zip Code: 86001
Geo Lat: 35.196122
Geo Lon: -111.64247
General Property Description
Lot Dimensions: 129.46x29.52x123.19x48.74
Year Built: 2003
Year Built Source: County
# of Units: 2
Key Words
Sale/Rent: For Sale
Net Op Inc: $20,000 - 49,999
Cap Rate: 1 - 7.9%
Vacancy %: 0%
Down Payment: Submit
Imprv Sz (Gross SF): 1,500 - 2,999
Land Size: 6,001 - 12,000 SF
# Units: 2
Remarks & Misc
Directions: Go east on Birch. Right on Terrace to property.
Status Change Info
Sold Price/SqFt: 385.42
Financing: Conventional
Sold Date: 2024-02-08
Sold Price: $952,000
Inc/Exp (Annual)
- Vacancy $: 0
Vacancy Rate %: 0
Cap Rate %: 5
Leases
Month to Month: 1
Potential Terms
Cash: 1
FHA: 1
VA Loan: 1
Exchange
Submit: 1
Docs on File
Aerial Photo: 1
Leases: 1
Exterior Amenities
Deck/Belcony: 1
Fire Escapes: 1
Garages: 1
Laundry Room: 1
Flood Zone
None: 1
Lot Street Imprvmnts
Paved Parking: 1
Utilities
City Water: 1
Electric: 1
Natural Gas: 1
Sewer: 1
Management
On-Site Manager: 1
Owner/Family: 1
Construction
Frame - Wood: 1
Roof
Asphalt Shingle: 1
Currently Not Used
Approx SqFt: 2470
Property Features
Leases: Month to Month
Potential Terms: Cash; FHA; VA Loan
Exchange: Submit
Exterior Amenities: Deck/Belcony; Fire Escapes; Garages; Laundry Room
Docs on File: Aerial Photo; Leases
Lot Street Imprvmnts: Paved Parking
Utilities: City Water; Electric; Natural Gas; Sewer
Construction: Frame - Wood
Roof: Asphalt Shingle
Flood Zone: None
Management: On-Site Manager; Owner/Family
IDX
Listing Office: Linton Real Estate
Last Updated: September - 06 - 2024
Copyright 2021 Northern Arizona Association of Realtors®. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.