$1,076,250
Flagstaff, AZ 86001
MLS# 197138
Status: Closed
2278 sqft
1 / 70
Property Description
Investors! In the heart of downtown Flagstaff an incredible opportunity to own three income producing units on a .24 acre corner lot and zoned CC. Continuously rented: the main home (unit 213/yellow house) 832 sq.ft. long term rental: 2 bedrooms/ 1 full bath/ laundry room, 1 car garage: 198 sq.ft.) with adjoining flex room/workshop heated 192 sq.ft. Separate duplex built in 1957 features: (Unit 215) Fully furnished/ turn key 30-day short- term rental, 1 bedroom/ 1 bath 655 sq.ft. (Unit 217) 2 bedrooms/ 1 full bath/ laundry room/ large back deck, 791 sq.ft. (long term rental). Each unit has been enhanced over the time but still full of vintage charm. Plenty of parking space for each unit too! Owner will carry terms TBD. See attached documents: seller disclosures and much more.
Details
Documents
Contract Information
List Price/SqFt: 480.68
Transaction Type: Sale
Status: Closed
Listing Agreement Date: 2024-06-11
Current Price: $1,076,250
Sold Price: $1,076,250
Property Sub-Type: Duplex, Triplex, 4-Plex, 8-Plex
Location, Tax & Legal
Region: 10 - North West City
APN: 10004014
Cross Street: Kendrick/ELM
Legal Description: FLAGSTAFF TOWNSITE Block: 5-B Lot: 16 THRU:- Lot: 18 , , Sixteenth: NE Quarter: SE Section: 16 Township: 21N Range: 07E
Taxes: 3912.92
Tax Year: 2024
County: Coconino
Area: 145 - Flagstaff Townsite
Street #: 213
Direction: W
Street Name: Elm
Suffix: Avenue
City/Town Code: Flagstaff
State/Province: AZ
Zip Code: 86001
Geo Lat: 35.202943
Geo Lon: -111.650071
General Property Description
Year Built: 1947
Year Built Source: County
# of Units: 3
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): 1,500 - 2,999
Land Size: 6,001 - 12,000 SF
# Units: 3
Remarks & Misc
Directions: Corner of Kendrick and Elm.
Status Change Info
Sold Price/SqFt: 472.45
Financing: Conventional
Sold Date: 2024-12-03
Sold Price: $1,076,250
Inc/Exp (Annual)
Scheduled Income $: 5674
- Vacancy $: 0
Vacancy Rate %: 0
= Gross Op Income $: 5000
Seller Prop Disc St: 1
Cap Rate %: 4.8
To Show
Appt Only/CLO: 1
Drive By/Don't Enter: 1
Leases
1 Year +: 1
Outside Maint/L: 1
Other: Furnished VRBO
Util incld in Rent
Sewer: 1
Trash Collection: 1
Water: 1
Potential Terms
Cash: 1
Conventional: 1
OMC 1st: 1
Submit: 1
Interior Amenities
Carpet/Tile: 1
Disposals: 1
Laundry Area: 1
Range/Ovens: 1
Refrigerators: 1
Smoke/Heat Det.: 1
Wood Floors: 1
Docs on File
Leases: 1
Security Dpsts: 1
Exterior Amenities
Deck/Belcony: 1
Laundry Room: 1
Sorage Units: 1
Flood Zone
None: 1
Lot Street Imprvmnts
Street Parking: 1
Unpaved Parking: 1
Utilities
City Water: 1
Electric: 1
Natural Gas: 1
Primary Meter: 1
Sewer: 1
Telephone: 1
TV Cable: 1
Heating
Central: 1
Natural Gas: 1
Cooling
None: 1
Management
Owner/Family: 1
Construction
Frame - Wood: 1
Roof
Asphalt Shingle: 1
Currently Not Used
Approx SqFt: 2278
Property Features
To Show: Appt Only/CLO; Drive By/Don't Enter
Leases: 1 Year +; Outside Maint/L
Util incld in Rent: Sewer; Trash Collection; Water
Potential Terms: Cash; Conventional; OMC 1st; Submit
Interior Amenities: Carpet/Tile; Disposals; Laundry Area; Range/Ovens; Refrigerators; Smoke/Heat Det.; Wood Floors
Exterior Amenities: Deck/Belcony; Laundry Room; Sorage Units
Docs on File: Leases; Security Dpsts
Lot Street Imprvmnts: Street Parking; Unpaved Parking
Utilities: City Water; Electric; Natural Gas; Primary Meter; Sewer; Telephone; TV Cable
Heating: Central; Natural Gas
Cooling: None
Construction: Frame - Wood
Roof: Asphalt Shingle
Flood Zone: None
Management: Owner/Family
LBP DOC 
IDX
Listing Office: Russ Lyon Sothebys International Realty
Last Updated: December - 05 - 2024
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