$467,500
Flagstaff, AZ 86004
MLS# 199310
Status: Closed
1867 sqft
1 / 21
Property Description
Multi-family property with long-term renters and two separate homes on one lot! What an opportunity to get a low-priced investment property with excellent cash-flow potential - or live in one and rent out the other to help with the mortgage. Both homes have 2 bed/1 bath and the front house has an additional converted garage space that serves as a third bedroom. Currently a combined rent of 3,000 dollars/month. Homes have separate fenced yards and the corner lot provides separate access for each home. Front house has good curb appeal, covered porch, wood floors, and vaulted ceilings, along with a newer roof and furnace. Both units feature newer windows throughout. Back unit was built in 1980. Convenient access to Rt. 66, downtown, and 4th Street shopping. Make an appointment today!
Details
Contract Information
Owner/Agent: No
List Price/SqFt: 235.67
Transaction Type: Sale
Status: Closed
Listing Agreement Date: 2025-01-14
Current Price: $467,500
Sold Price: $467,500
Property Sub-Type: Multi Family
Location, Tax & Legal
Region: 40 - North East City
APN: 10706099a
Cross Street: Johnson
Legal Description: SUNNYSIDE FARMS Tract: 6 N2E2 OF LOT 4
Zoned: Community Comm
Taxes: 1800.06
Tax Year: 2024
County: Coconino
Area: 400 - Sunnyside
Street #: 1527
Direction: N
Street Name: Center
Suffix: Street
City/Town Code: Flagstaff
State/Province: AZ
Zip Code: 86004
Geo Lat: 35.202588
Geo Lon: -111.620347
General Property Description
Year Built: 1943
Year Built Source: County
# of Units: 2
Key Words
Sale/Rent Description: For Sale
Net Op Inc: $20,000 - 49,999
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: 2
Remarks & Misc
Directions: Rt 66 east to left on Arrowhead Ave, right on Center St. Home will be on the left one block up at the corner of Center and Johnson. Call agent for showings.
Status Change Info
Sold Price/SqFt: 250.4
Financing: Conventional
Sold Date: 2025-02-28
Sold Price: $467,500
Inc/Exp (Annual)
Scheduled Income $: 36000
Vacancy Rate %: 0
= CFBT $: 30469
= Gross Op Income $: 36000
- Op Expenses $: 5531
= Net Op Income(NOI): 30469
Seller Prop Disc St: 1
Cap Rate %: 6.92
To Show
Appt Only/CLO: 1
Other: Keysafe on back unit
Leases
Month To Month: 1
Util incld in Rent
Trash Collection: 1
Water: 1
Potential Terms
Cash: 1
Conventional: 1
Interior Amenities
Carpet/Tile: 1
Duo-Pane Wind.: 1
Fireplaces/WBS: 1
Range/Ovens: 1
Refrigerators: 1
Shared Baths: 1
Wood Floors: 1
Docs on File
Current P & L: 1
Leases: 1
Exterior Amenities
Fenced: 1
Porch/Patio: 1
Priv Yards: 1
Sorage Units: 1
Lot Street Imprvmnts
Alley: 1
Curb/Gutters: 1
Paved Parking: 1
Paved Street: 1
Sidewalks: 1
Street Parking: 1
Utilities
Cable Available: 1
City Water: 1
Electricity Available: 1
Indiv. Metered: 1
Natural Gas: 1
Phone Available: 1
Primary Meter: 1
Sewer: 1
Heating
Central: 1
Natural Gas: 1
Wall Furnace: 1
Wood: 1
Management
Owner/Family: 1
Construction
Frame - Wood: 1
Masonry: 1
Roof
Asphalt Shingle: 1
Currently Not Used
Approx SqFt: 1867
Property Features
To Show: Appt Only/CLO
Leases: Month To Month
Util incld in Rent: Trash Collection; Water
Potential Terms: Cash; Conventional
Interior Amenities: Carpet/Tile; Duo-Pane Wind.; Fireplaces/WBS; Range/Ovens; Refrigerators; Shared Baths; Wood Floors
Exterior Amenities: Fenced; Porch/Patio; Priv Yards; Sorage Units
Docs on File: Current P & L; Leases
Lot Street Imprvmnts: Alley; Curb/Gutters; Paved Parking; Paved Street; Sidewalks; Street Parking
Utilities: Cable Available; City Water; Electricity Available; Indiv. Metered; Natural Gas; Phone Available; Primary Meter; Sewer
Heating: Central; Natural Gas; Wall Furnace; Wood
Construction: Frame - Wood; Masonry
Roof: Asphalt Shingle
Management: Owner/Family
IDX
Listing Office: Russ Lyon Sothebys Intl Realty
Last Updated: February - 28 - 2025
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