$897,303
Winslow, AZ 86047
MLS# 190801
Status: Closed
7952 sqft
1 / 21
Property Description
The Cottonwood Court Apartments surround an open courtyard shaded by large cottonwood trees on a .77 Ac fenced lot. There are 12 single level 1 bedroom,1 bath apartments and one 2 bedroom,1 bath apartment. These are affordable units with many long time Tenants. There is great demand and almost 0% vacancy rate with all units on month to month Leases. There are three fourplexes and one duplex plus an additional storage building. Unit #1 has only been used for storage. OWNER CARRYBACK FINANCING is available for a qualified Buyer and avoids lender fees. Solid income with lots of additional potential.
Details
Contract Information
List Price/SqFt: 116.32
Transaction Type: Sale
Status: Closed
Listing Agreement Date: 2022-07-23
Current Price: $897,303
Sold Price: $897,303
Property Sub-Type: Apt Building (9+ Units)
Location, Tax & Legal
Region: 1 - Other Area
APN: 10312050
Zip + 4: 3230
Cross Street: Old Hwy 66
Legal Description: Section 23, T19 n - lengthy metes and bounds description to follow in escrow.
Zoned: Municipal
Taxes: 2774.06
Tax Year: 2021
County: Navajo
Area: 20 - Winslow
Street #: 1915
Direction: W
Street Name: 2nd
Suffix: Street
City/Town Code: Winslow
State/Province: AZ
Zip Code: 86047
Geo Lat: 35.031736
Geo Lon: -110.717755
General Property Description
Lot Dimensions: approx 178'x209'x175'x180'
Year Built: 1943
Year Built Source: County
# of Units: 13
Key Words
Sale/Rent: For Sale
Net Op Inc: $50,000 - 99,999
Cap Rate: CLO
Vacancy %: 1%
Down Payment: Submit
Imprv Sz (Gross SF): 6,000 - 47,999
Land Size: .5 - .9 AC
# Units: 9 - 64
Remarks & Misc
Directions: South on Hipkoe,, left on 2nd, , right on Hwy 66 frontage, left on Old 66/Old W 66 to 1915 W 2nd St (Cottonwood Court Apartments)
Status Change Info
Sold Price/SqFt: 112.83
Financing: Owner Carry 1st
Sold Date: 2022-09-01
Sold Price: $897,303
Inc/Exp (Annual)
Scheduled Income $: 100800
Seller Prop Disc St: 1
Exis Fee/Docs
Free & Clear: 1
To Show
Appt Only/CLO: 1
Drive By/Don't Enter: 1
No Sign on Prop: 1
Leases
Month to Month: 1
No Pets: 1
Util incld in Rent
Sewer: 1
Trash Collection: 1
Water: 1
Potential Terms
OMC 1st: 1
Interior Amenities
Carpet/Tile: 1
Cement Slab: 1
Range/Ovens: 1
Refrigerators: 1
Wood Floors: 1
Docs on File
Aerial Photo: 1
Leases: 1
Legal Descrip.: 1
Exterior Amenities
Deck/Belcony: 1
Fenced: 1
Flood Zone
D-Undetermined: 1
Lot Street Imprvmnts
Curb/Gutters: 1
Paved Street: 1
Sidewalks: 1
Street Parking: 1
Unpaved Parking: 1
Utilities
City Water: 1
Electric: 1
Indiv. Metered: 1
Natural Gas: 1
Primary Meter: 1
Private Trash Co.: 1
Sewer: 1
Telephone: 1
Heating
Natural Gas: 1
Wall Furnace: 1
Cooling
Evaporative Cooling: 1
Individual A/C Units: 1
Management
Owner/Family: 1
Construction
Frame - Wood: 1
Roof
Pitched: 1
Other: elastomeric
Currently Not Used
Approx SqFt: 7952
Property Features
To Show: Appt Only/CLO; Drive By/Don't Enter; No Sign on Prop
Leases: Month to Month; No Pets
Util incld in Rent: Sewer; Trash Collection; Water
Potential Terms: OMC 1st
Interior Amenities: Carpet/Tile; Cement Slab; Range/Ovens; Refrigerators; Wood Floors
Exterior Amenities: Deck/Belcony; Fenced
Docs on File: Aerial Photo; Leases; Legal Descrip.
Lot Street Imprvmnts: Curb/Gutters; Paved Street; Sidewalks; Street Parking; Unpaved Parking
Utilities: City Water; Electric; Indiv. Metered; Natural Gas; Primary Meter; Private Trash Co.; Sewer; Telephone
Heating: Natural Gas; Wall Furnace
Cooling: Evaporative Cooling; Individual A/C Units
Construction: Frame - Wood
Roof: Pitched
Flood Zone: D-Undetermined
Management: Owner/Family
Supplements
Winslow has a solid employment base with the BNSF Railway, Historic La Posada Hotel, Winslow Indian Health Care Center, Twin Arrows Casino, Winslow Memorial Hospital and the largest Arizona wind farm currently under construction nearby.
IDX
Listing Office: Linton Real Estate
Last Updated: September - 06 - 2024
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