$1,650,000
Flagstaff, AZ 86001
MLS# 199205
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 Info
List Price/SqFt: 452.3
Owner/Agent: Yes
Property Sub-Type: Other/Misc
Status: Active
Listing Agreement Date: 2025-01-03
List Price: $1,650,000
Current Price: $1,650,000
General Property Description
Year Built: 1943
Dimensions: Irreg. approx 78' x 134'
Acres: 0.24
Approx SqFt: 3648
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; TH N 20-55-25 E 75.02'; T
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: 35.201336
Geo Lon: -111.650135
Location
Corner Lot: 1
Downtown: 1
Freestanding: 1
See Remarks: 1
Key Words
Sale/Rent: Sale
Net Op Inc: $50,000 - 74,999
Cap Rate: CLO
Down Payment: $150,000+
Imprv Sz (Gross SF): 2,000 - 4,999
#Tenants/Units: 5 - 9
Land Size: 0 - .4 AC
Trade/Exchange: Not Applicable
Remarks & Misc
Directions: Route 66, North on Humphreys St to the NW corner of Humphreys St and Cherry Ave
Inc/Exp (Annual)
Grs Op Inc $: 122292
Sec Deps $: 1500
Exis Fee/Docs
Free & Clear: 1
To Show
Other: Call Listing Agent
Possession
By Agreement: 1
See Remarks: 1
Terms of Sale
OMC: 1
Leases
Other: STR rental income
Interior Amenities
Basement: 1
Duo-Pane Win.: 1
Fire Alarm Sys.: 1
Floor Drains: 1
Laundry: 1
Living Qtrs.: 1
Docs on File
Aerial Photo: 1
Leases: 1
Legal Descrip.: 1
Security Deposits: 1
Exterior Amenities
Landscaped: 1
Storage: 1
Other: Partial fencing
Flood Zone
Other: AE and X
Lot Street Imprvmnts
Alley: 1
Curbs: 1
Paved Parking: 1
Sidewalks: 1
St-Blacktop: 1
Utilities
City Water: 1
Electric: 1
Indiv Metered: 1
Natural Gas: 1
Primary Meter: 1
Private Water Co: 1
Sewer: 1
Occupancy
Totally Leased: 1
Heating
Natural Gas: 1
Other: 1
Cooling
Individual A/C Units: 1
Management
Owner: 1
Construction
Stucco: 1
Two Story: 1
Frame: 1
Roof
Asphalt Shingle: 1
Pitched: 1
Freeway Turn Time
5-9 Min: 1
Property Features
Terms of Sale: OMC
Docs on File: Aerial Photo; Leases; Legal Descrip.; Security Deposits
Interior Amenities: Basement; Duo-Pane Win.; Fire Alarm Sys.; Floor Drains; Laundry; Living Qtrs.
Exterior Amenities: Landscaped; Storage
Occupancy: Totally Leased
Management: Owner
Construction: Two Story; Frame; Stucco
Roof: Asphalt Shingle; Pitched
Heating: Natural Gas; Other; Other
Cooling: Individual A/C Units
Utilities: City Water; Electric; Indiv Metered; Natural Gas; Primary Meter; Private Water Co; Sewer
Lot Street Imprvmnts: Alley; Curbs; Paved Parking; Sidewalks; St-Blacktop
Location: Corner Lot; Downtown; Freestanding; See Remarks
Freeway Turn Time: 5-9 Min
Possession: By Agreement; See Remarks
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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