$998,000
Flagstaff, AZ 86001
MLS# 192999
Status: Closed
3264 sqft
1 / 22
Property Description
Great investment opportunity! With below market rents in 3 units, investor could realize immediate increase in income. Each of these four 2bed/2ba units offer comfortable living space with refrigerator, washer/dryer, fenced back yard and storage shed. Tenants pay all utilities. Units 6 & 7 are month to month leases, Unit 5 lease expires in August. Unit 8 has a new, year lease, at market rate of $1600. Access to apartments require 48 hour notice. OK to drive by. Please do not disturb tenants. Seller intends to enter into a 1031 Exchange.
Details
Contract Information
Status: Closed
Public Marketing Date: 2023-05-02
Current Price: $998,000
Sold Price: $998,000
List Price/SqFt: 306.37
Property Sub-Type: Multi Family
Transaction Type: Sale
Location, Tax & Legal
County: Coconino
Area: 720 - Kachina Village
Street #: 3623
Street Name: Kachina Trl
Suffix: Trail
City/Town Code: Flagstaff
State/Province: AZ
Zip Code: 86001
Geo Lat: 35.087813
Geo Lon: -111.687985
General Property Description
# of Units: 4
Year Built: 1995
Year Built Source: County
Key Words
Sale/Rent Description: For Sale
Net Op Inc: $50,000 - 99,999
Vacancy %: 0%
Cap Rate: CLO
Imprv Sz (Gross SF): 3,000 - 5,999
Land Size: .5 - .9 AC
# Units: 4
Down Payment: Submit
Status Change Info
Sold Date: 2023-06-13
Sold Price: $998,000
Sold Price/SqFt: 305.75
Financing: Conventional
Exchange
Other: 1031 Exchange
Flood Zone
Other: ''X'' per FEMA
Currently Not Used
Approx SqFt: 3264
Property Features
To Show: Appt Only/CLO; Drive By/Don't Enter
Leases: Month To Month; 1 Year +
Util incld in Rent: Electicity; Natural Gas; Sewer; Snow Removal; Water
Potential Terms: Cash; Conventional; Submit
Interior Amenities: Dishwashers; Disposals; Laundry Area; Range/Ovens; Refrigerators
Exterior Amenities: Fenced; Priv Yards; Sorage Units
Docs on File: Legal Descrip.
Lot Street Imprvmnts: Paved Parking
Utilities: Electricity Available; Natural Gas; Private Water Co; Sewer
Heating: Central; Natural Gas
Construction: Frame - Wood
Roof: Asphalt Shingle
Management: Owner/Family
IDX
Listing Office: Jackson Associates
Last Updated: September - 06 - 2024
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