$1,000,000
Flagstaff, AZ 86001
MLS# 196546
Status: Closed
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Property Description
Fabulous investment opportunity in Downtown Flagstaff. This historic Craftsman downtown home with a view of the San Francisco Peaks is only a few blocks west of downtown Flagstaff, 3 blocks east of Thorpe Park with numerous recreational opportunities, less than a mile SW of the hospital and less than a mile NW of NAU. This location couldn't possibly be better for single tenants looking for an affordable studio apartment with close proximity to most of what Flagstaff has to offer, or to someone needing a slightly larger 2 bed/2 bath apartment. This multi-family property has been almost 100% occupied throughout the period the current owner has owned and lived in the home. Lovely Craftsman design, beautiful original
Details
Contract Information
Transaction Type: Sale
Status: Closed
Listing Agreement Date: 2024-04-26
Current Price: $1,000,000
Sold Price: $1,000,000
Property Sub-Type: Duplex, Triplex, 4-Plex, 8-Plex
Location, Tax & Legal
Region: 10 - North West City
APN: 10012013
Cross Street: Mogollon
Legal Description: SUBDIVISION: FLAGSTAFF TOWNSITE BLOCK: 3-F W 75' LOTS 15 TO 18 SIXTEENTH: NW QUARTER: SE SECTION: 16 TOWNSHIP: 21N RANG
Zoned: SF
Taxes: 2452
Tax Year: 2023
County: Coconino
Area: 145 - Flagstaff Townsite
Street #: 621
Direction: W
Street Name: Cherry
Suffix: Avenue
City/Town Code: Flagstaff
State/Province: AZ
Zip Code: 86001
Geo Lat: 35.202469
Geo Lon: -111.655414
General Property Description
Lot Dimensions: 74.43x99.77x74.68
Year Built: 1920
Year Built Source: County
Key Words
Sale/Rent: For Sale
Net Op Inc: $50,000 - 99,999
Cap Rate: 1 - 7.9%
Vacancy %: 1%
Down Payment: Submit
Imprv Sz (Gross SF): 3,000 - 5,999
Land Size: 6,001 - 12,000 SF
# Units: 5 - 8
Remarks & Misc
Directions: Humphry, Beaver or San Francisco St. to Cherry, West on Cherry to the SE corner of Mogollon and Cherry.
Status Change Info
Financing: Cash
Sold Date: 2024-08-12
Sold Price: $1,000,000
Exis Fee/Docs
Free & Clear: 1
To Show
Appt Only/CLO: 1
Leases
1 Year +: 1
Util incld in Rent
Electicity: 1
Natural Gas: 1
Sewer: 1
Trash Collection: 1
Water: 1
Potential Terms
Cash: 1
Conventional: 1
Submit: 1
Interior Amenities
Basement: 1
Carpet/Tile: 1
Range/Ovens: 1
Refrigerators: 1
Shared Baths: 1
Docs on File
Flood Zone Info: 1
Leases: 1
Exterior Amenities
Fenced: 1
Lot Street Imprvmnts
Paved Street: 1
Sidewalks: 1
Street Parking: 1
Utilities
City Water: 1
Electric: 1
Natural Gas: 1
Sewer: 1
TV Cable: 1
Heating
Electric: 1
Natural Gas: 1
Wall Furnace: 1
Cooling
None: 1
Management
Owner/Family: 1
Construction
Frame - Wood: 1
Roof
Asphalt Shingle: 1
Property Features
To Show: Appt Only/CLO
Leases: 1 Year +
Util incld in Rent: Electicity; Natural Gas; Sewer; Trash Collection; Water
Potential Terms: Cash; Conventional; Submit
Interior Amenities: Basement; Carpet/Tile; Range/Ovens; Refrigerators; Shared Baths
Exterior Amenities: Fenced
Docs on File: Flood Zone Info; Leases
Lot Street Imprvmnts: Paved Street; Sidewalks; Street Parking
Utilities: City Water; Electric; Natural Gas; Sewer; TV Cable
Heating: Electric; Natural Gas; Wall Furnace
Cooling: None
Construction: Frame - Wood
Roof: Asphalt Shingle
Management: Owner/Family
Supplements
Douglas Fir wood flooring in the living room and dining room, wonderful decorative (but functional) gas stove, spacious updated kitchen, primary bath with jetted tub, and a basement that includes a large recreation room or office. This is truly a unique property with terrific investment potential.
IDX
Listing Office: RE/MAX Fine Properties
Last Updated: September - 06 - 2024
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