$975,000
Flagstaff, AZ 86001
MLS# 194432
Status: Closed
2470 sqft
1 / 24
Property Description
What a great downtown property. Live in one unit and rent the other. Nicely maintained with a fenced backyard and 2-1 car garages. Large concrete driveway. Lower unit is occupied by Owner. Upper unit is leased through 6/24. Upper unit pays $2950 per month. Deposit is $2950. The purpose of this sale is to enact and IRS 1031 Exchange.
Details
Maps
Contract Information
Status: Closed
Listing Agreement Date: 2023-08-21
Current Price: $952,000
Sold Price: $952,000
List Price/SqFt: 394.73
Property Sub-Type: Duplex, Triplex, 4-Plex, 8-Plex
Transaction Type: Sale
Location Tax Legal
County: Coconino
Area: 140 - Pinecrest/Cherry Hill
Street #: 1
Direction: E
Street Name: Terrace
Suffix: Avenue
City/Town Code: Flagstaff
State/Province: AZ
Zip Code: 86001
Geo Lat: 35.196122
Geo Lon: -111.64247
Key Words
Sale/Rent: For Sale
Net Op Inc: $20,000 - 49,999
Vacancy %: 0%
Cap Rate: 1 - 7.9%
Imprv Sz (Gross SF): 1,500 - 2,999
Land Size: 6,001 - 12,000 SF
# Units: 2
Down Payment: Submit
General Property Description
# of Units: 2
Year Built: 2003
Year Built Source: County
Lot Dimensions: 129.46x29.52x123.19x48.74
Status Change Info
Sold Date: 2024-02-08
Sold Price: $952,000
Sold Price/SqFt: 385.42
Financing: Conventional
Currently Not Used
Approx SqFt: 2470
Property Features
Leases: Month to Month
Potential Terms: Cash; FHA; VA Loan
Exchange: Submit
Exterior Amenities: Deck/Belcony; Fire Escapes; Garages; Laundry Room
Docs on File: Aerial Photo; Leases
Lot Street Imprvmnts: Paved Parking
Utilities: City Water; Electric; Natural Gas; Sewer
Construction: Frame - Wood
Roof: Asphalt Shingle
Flood Zone: None
Management: On-Site Manager; Owner/Family
Listing Office: Linton Real Estate
Last Updated: September - 06 - 2024
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