$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
List Price/SqFt: 306.37
Transaction Type: Sale
Status: Closed
Listing Agreement Date: 2023-05-02
Current Price: $998,000
Sold Price: $998,000
Property Sub-Type: Multi Family
Location, Tax & Legal
Region: 70 - South Rural
APN: 11616009c
Cross Street: Canyon Loop
Legal Description: Kachina CC Village AKA Kachina Vill1&2, port Lot 160. Full description provided in escrow.
Zoned: RM-10/A Res MF
Taxes: 3417.98
Tax Year: 2022
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
Year Built: 1995
Year Built Source: County
# of Units: 4
Key Words
Sale/Rent Description: For Sale
Net Op Inc: $50,000 - 99,999
Cap Rate: CLO
Vacancy %: 0%
Down Payment: Submit
Imprv Sz (Gross SF): 3,000 - 5,999
Land Size: .5 - .9 AC
# Units: 4
Remarks & Misc
Directions: Travel South on I-17 to Kachina Blvd, Exit 333. Exit 333, turn right onto Kachina Blvd. Turn left at the stop sign onto Kachina Trail. Property is on the left, just before road becomes Canyon Loop.
Status Change Info
Sold Price/SqFt: 305.75
Financing: Conventional
Sold Date: 2023-06-13
Sold Price: $998,000
Inc/Exp (Annual)
Scheduled Income $: 64800
Vacancy Rate %: 0
- Debt Service $: 15184
= CFBT $: 43023
= Gross Op Income $: 64800
- Op Expenses $: 6593
= Net Op Income(NOI): 58207
To Show
Appt Only/CLO: 1
Drive By/Don't Enter: 1
Leases
Month To Month: 1
1 Year +: 1
Util incld in Rent
Electicity: 1
Natural Gas: 1
Sewer: 1
Snow Removal: 1
Water: 1
Potential Terms
Cash: 1
Conventional: 1
Submit: 1
Exchange
Other: 1031 Exchange
Interior Amenities
Dishwashers: 1
Disposals: 1
Laundry Area: 1
Range/Ovens: 1
Refrigerators: 1
Docs on File
Legal Descrip.: 1
Exterior Amenities
Fenced: 1
Priv Yards: 1
Sorage Units: 1
Flood Zone
Other: ''X'' per FEMA
Lot Street Imprvmnts
Paved Parking: 1
Utilities
Electricity Available: 1
Natural Gas: 1
Private Water Co: 1
Sewer: 1
Heating
Central: 1
Natural Gas: 1
Management
Owner/Family: 1
Construction
Frame - Wood: 1
Roof
Asphalt Shingle: 1
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
Copyright 2021 Northern Arizona Association of Realtors®. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.