$1,650,000
Flagstaff, AZ 86001
MLS# 199204
3648 sqft
1 / 40
Property Description
Discover this updated income property located on a high-profile corner lot in the heart of Historic Downtown Flagstaff. Wonderful Historic Downtown property circa 1906 Lindemann House. Zoned Community Commercial with a variety of prior commercial uses. This property features five fine residences: 3 fully furnished and highly successful short term rentals (STR's) and 2 long term rentals - a 2 bedroom 1 bath penthouse apartment and a 1 bedroom 1 bath apartment. The STR's include a large studio apartment, a 2-bedroom, 1-bath apartment and a 1-bedroom, 1-bath apartment. Solid income with lots of additional possibilities. SELLER FINANCING is available to a qualified Buyer. Avoid expensive conventional lender fees. Seller prefers a Seller financed sale. Owner/Agent.
Details
Contract Information
Owner/Agent: Yes
List Price/SqFt: 452.3
Transaction Type: Sale
Status: Active
Listing Agreement Date: 2025-01-03
Current Price: $1,650,000
List Price: $1,650,000
Property Sub-Type: Other
Location, Tax & Legal
Region: 10 - North West City
APN: 10009001e
Zip + 4: 4533
Cross Street: Cherry Ave
Legal Description: SUBDIVISION: FLAGSTAFF TOWNSITE BLOCK: 4B BEG SLY COR LOTS 3 & 4; TH N 68-57-01 W 2.00' TPOB(Legal to follow in escrow)
Zoned: CC
Taxes: 6730
Tax Year: 2023
County: Coconino
Area: 145 - Flagstaff Townsite
Street #: 309
Direction: N
Street Name: Humphreys
Suffix: Street
City/Town Code: Flagstaff
State/Province: AZ
Zip Code: 86001
Geo Lat: 35.201275
Geo Lon: -111.65007
General Property Description
Lot Dimensions: Irreg approx 78' x 134'
Year Built: 1943
Year Built Source: County
# of Units: 5
Key Words
Sale/Rent: For Sale
Net Op Inc: $50,000 - 99,999
Cap Rate: 1 - 7.9%
Vacancy %: 5% - 9.9%
Down Payment: Submit
Imprv Sz (Gross SF): 3,000 - 5,999
Land Size: 6,001 - 12,000 SF
# Units: 5 - 8
Remarks & Misc
Directions: Route 66, North on Humphreys St to the NW corner of Humphreys St and Cherry Ave
Inc/Exp (Annual)
Scheduled Income $: 122292
Exis Fee/Docs
Free & Clear: 1
To Show
Appt Only/CLO: 1
Leases
Month to Month: 1
No Pets: 1
Other: STR's
Util incld in Rent
Electicity: 1
Natural Gas: 1
Sewer: 1
Snow Removal: 1
Trash Collection: 1
Water: 1
Other: WIFI for STR's
Potential Terms
OMC 1st: 1
Interior Amenities
Basement: 1
Carpet/Tile: 1
Cement Slab: 1
Dishwashers: 1
Duo-Pane Wind.: 1
Fire Alarm: 1
Laundry Area: 1
Range/Ovens: 1
Refrigerators: 1
Smoke/Heat Det.: 1
Wood Floors: 1
Other: CO2 detectors
Docs on File
Aerial Photo: 1
Leases: 1
Legal Descrip.: 1
Security Dpsts: 1
Exterior Amenities
Deck/Belcony: 1
Landscaped: 1
Porch/Patio: 1
RV Parking: 1
Sorage Units: 1
Flood Zone
Other: AE and X
Lot Street Imprvmnts
Alley: 1
Curb/Gutters: 1
Paved Parking: 1
Paved Street: 1
Sidewalks: 1
Street Parking: 1
Utilities
City Water: 1
Electric: 1
Indiv. Metered: 1
Natural Gas: 1
Primary Meter: 1
Sewer: 1
Heating
Natural Gas: 1
Other: 1
Cooling
Individual A/C Units: 1
Management
Owner/Family: 1
Construction
Frame - Wood: 1
Roof
Asphalt Shingle: 1
Pitched: 1
Rolled: 1
Currently Not Used
Approx SqFt: 3648
Property Features
To Show: Appt Only/CLO
Leases: Month to Month; No Pets
Util incld in Rent: Electicity; Natural Gas; Sewer; Snow Removal; Trash Collection; Water
Potential Terms: OMC 1st
Interior Amenities: Basement; Carpet/Tile; Cement Slab; Dishwashers; Duo-Pane Wind.; Fire Alarm; Laundry Area; Range/Ovens; Refrigerators; Smoke/Heat Det.; Wood Floors
Exterior Amenities: Deck/Belcony; Landscaped; Porch/Patio; RV Parking; Sorage Units
Docs on File: Aerial Photo; Leases; Legal Descrip.; Security Dpsts
Lot Street Imprvmnts: Alley; Curb/Gutters; Paved Parking; Paved Street; Sidewalks; Street Parking
Utilities: City Water; Electric; Indiv. Metered; Natural Gas; Primary Meter; Sewer
Heating: Natural Gas; Other; Other
Cooling: Individual A/C Units
Construction: Frame - Wood
Roof: Asphalt Shingle; Pitched; Rolled
Management: Owner/Family
Supplements
A huge paved parking lot provides ample parking in the center of town. Prior commercial uses have included a retail running store, hair salon and attorney and engineering offices.
IDX
Listing Office: Linton Real Estate
Last Updated: September - 20 - 2025
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