$2,950,000
Flagstaff, AZ 86004
MLS# 188766
Status: Closed
11068 sqft
1 / 29
Property Description
Calling all investors! This rare opertunity to own a 24-unit apartment complex will not last long. Centrally located with no long term vacancies, this income producing property is a great addition to any investment portfolio. Studio, 1br and 2br units available with a common laundry room on site. Each unit has been remodeled and includes a gas wall heater, dishwasher, and gas range. Each unit size varies: studios ~300-400sqft, 1bd ~550sqft, 2 bd ~750-800sqft. Most APS is metered per building/area, gas is metered per building, water has 2 meters on property. Utilities uncluded in rent, except cabel/internet.
Details
Maps
Contract Information
Status: Closed
Listing Agreement Date: 2022-02-25
Current Price: $2,950,000
Sold Price: $2,950,000
List Price/SqFt: 266.53
Property Sub-Type: Apt Building (9+ Units)
Transaction Type: Sale
Location Tax Legal
County: Coconino
Area: 400 - Sunnyside
Street #: 1914
Direction: E
Street Name: Mountain View
Suffix: Avenue
City/Town Code: Flagstaff
State/Province: AZ
Zip Code: 86004
Geo Lat: 35.200502
Geo Lon: -111.620542
Key Words
Sale/Rent: For Sale
Net Op Inc: CLO
Vacancy %: 0%
Cap Rate: CLO
Imprv Sz (Gross SF): 6,000 - 47,999
Land Size: 1 - 1.9 AC
# Units: 9 - 64
Down Payment: Submit
General Property Description
# of Units: 23
Year Built: 1935
Year Built Source: County
Status Change Info
Sold Date: 2022-05-18
Sold Price: $2,950,000
Sold Price/SqFt: 266.53
Financing: Conventional
Currently Not Used
Approx SqFt: 11068
Leases
Other: 6 months to start
Property Features
To Show: Appt Only/CLO; Drive By/Don't Enter; No Sign on Prop
Leases: Month to Month
Util incld in Rent: Electicity; Natural Gas; Sewer; Snow Removal; Trash Collection; Water
Potential Terms: Cash
Interior Amenities: Carpet/Tile; Dishwashers; Laundry Area; Range/Ovens; Smoke/Heat Det.
Exterior Amenities: Landscaped; Laundry Room; Porch/Patio
Docs on File: Aerial Photo; Current P & L; Leases
Lot Street Imprvmnts: Paved Parking; Paved Street
Utilities: City Water; Electric; Natural Gas; Sewer
Heating: Natural Gas
Cooling: None
Construction: Frame - Wood
Roof: Asphalt Shingle
Flood Zone: C-Minimal
Management: Owner/Family
Listing Office: Flagstaff Top Producers R.E.
Last Updated: September - 06 - 2024
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