$875,000
Flagstaff, AZ 86001
MLS# 188091
Status: Closed
3200 sqft
1 / 13
Property Description
Terrific investment opportunity! 8 Bedroom/8 bathroom Duplex located adjacent to NAU's Campus, just blocks away from Aspen Place Shops/Restaurants & Downtown Flagstaff!! Property consists of 4 beds/4 baths per unit, all rooms have private baths and are lockable. Common areas in each unit include: living/dining/kitchen & laundry areas. Units are individually metered and include natural gas heat & city utilities. This great cash-flow income property is ideally located in the highly desired Southside area close to amenities, has been consistently 100% occupied and has tremendous upside potential with current rents being 20-30% below current market rents for similar college housing! Please call listing agent for pro-forma NOI, detailing current market rental potential!
Details
Contract Information
List Price/SqFt: 273.43
Transaction Type: Sale
Status: Closed
Listing Agreement Date: 2021-12-01
Current Price: $875,000
Sold Price: $875,000
Property Sub-Type: Duplex, Triplex, 4-Plex, 8-Plex
Location, Tax & Legal
Region: 10 - North West City
APN: 10410094b
Cross Street: Calle Reposa
Legal Description: TBD in escrow
Zoned: Rental Resid
Taxes: 2745
Tax Year: 2020
County: Coconino
Area: 160 - Southside/ Brannen
Street #: 205
Direction: S
Street Name: Paseo Del Flag
City/Town Code: Flagstaff
State/Province: AZ
Zip Code: 86001
Geo Lat: 35.184484
Geo Lon: -111.644249
General Property Description
Year Built: 1988
Year Built Source: County
Key Words
Sale/Rent: For Sale
Net Op Inc: $50,000 - 99,999
Cap Rate: 1 - 7.9%
Vacancy %: 0%
Down Payment: Submit
Imprv Sz (Gross SF): 3,000 - 5,999
Land Size: 6,001 - 12,000 SF
# Units: 2
Remarks & Misc
Directions: Butler Ave. to south on Lone Tree Rd., turn left on Woodland Dr., then left on Paseo Del Flag. Property will be at the corner of Paseo Del Flag and Calle Reposa.
Status Change Info
Sold Price/SqFt: 273.43
Financing: Cash
Sold Date: 2022-01-10
Sold Price: $875,000
Inc/Exp (Annual)
Scheduled Income $: 54000
= Gross Op Income $: 54000
- Op Expenses $: 9186
= Net Op Income(NOI): 44814
Cap Rate %: 6
Exis Fee/Docs
Free & Clear: 1
To Show
Appt Only/CLO: 1
Other: 9288530156 to show
Leases
1 Year +: 1
Util incld in Rent
Electicity: 1
Natural Gas: 1
Sewer: 1
Water: 1
Potential Terms
Cash: 1
Conventional: 1
Interior Amenities
Carpet/Tile: 1
Cement Slab: 1
Disposals: 1
Duo-Pane Wind.: 1
Fire Alarm: 1
Laundry Area: 1
Range/Ovens: 1
Refrigerators: 1
Smoke/Heat Det.: 1
Docs on File
Leases: 1
Exterior Amenities
Porch/Patio: 1
Satellite Dish: 1
Lot Street Imprvmnts
Paved Parking: 1
Paved Street: 1
Utilities
City Water: 1
Electric: 1
Indiv. Metered: 1
Natural Gas: 1
Heating
Central: 1
Natural Gas: 1
Management
Mgmt. Co.: 1
Construction
Frame - Wood: 1
Roof
Asphalt Shingle: 1
Currently Not Used
Approx SqFt: 3200
Property Features
To Show: Appt Only/CLO
Leases: 1 Year +
Util incld in Rent: Electicity; Natural Gas; Sewer; Water
Potential Terms: Cash; Conventional
Interior Amenities: Carpet/Tile; Cement Slab; Disposals; Duo-Pane Wind.; Fire Alarm; Laundry Area; Range/Ovens; Refrigerators; Smoke/Heat Det.
Exterior Amenities: Porch/Patio; Satellite Dish
Docs on File: Leases
Lot Street Imprvmnts: Paved Parking; Paved Street
Utilities: City Water; Electric; Indiv. Metered; Natural Gas
Heating: Central; Natural Gas
Construction: Frame - Wood
Roof: Asphalt Shingle
Management: Mgmt. Co.
IDX
Listing Office: Jackson Associates
Last Updated: September - 06 - 2024
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