$875,000
Flagstaff, AZ 86001
MLS# 188091
Status: Closed
3200 sqft
1 / 13
Property Description
Terrific investment opportunity! 8 Bedroom/8 bathroom Duplex located adjacent to NAU's Campus, just blocks away from Aspen Place Shops/Restaurants & Downtown Flagstaff!! Property consists of 4 beds/4 baths per unit, all rooms have private baths and are lockable. Common areas in each unit include: living/dining/kitchen & laundry areas. Units are individually metered and include natural gas heat & city utilities. This great cash-flow income property is ideally located in the highly desired Southside area close to amenities, has been consistently 100% occupied and has tremendous upside potential with current rents being 20-30% below current market rents for similar college housing! Please call listing agent for pro-forma NOI, detailing current market rental potential!
Details
Maps
Contract Information
Status: Closed
Listing Agreement Date: 2021-12-01
Current Price: $875,000
Sold Price: $875,000
List Price/SqFt: 273.43
Property Sub-Type: Duplex, Triplex, 4-Plex, 8-Plex
Transaction Type: Sale
Location Tax Legal
County: Coconino
Area: 160 - Southside/ Brannen
Street #: 205
Direction: S
Street Name: Paseo Del Flag
City/Town Code: Flagstaff
State/Province: AZ
Zip Code: 86001
Geo Lat: 35.184484
Geo Lon: -111.644249
Key Words
Sale/Rent: For Sale
Net Op Inc: $50,000 - 99,999
Vacancy %: 0%
Cap Rate: 1 - 7.9%
Imprv Sz (Gross SF): 3,000 - 5,999
Land Size: 6,001 - 12,000 SF
# Units: 2
Down Payment: Submit
General Property Description
Year Built: 1988
Year Built Source: County
Status Change Info
Sold Date: 2022-01-10
Sold Price: $875,000
Sold Price/SqFt: 273.43
Financing: Cash
Currently Not Used
Approx SqFt: 3200
To Show
Other: 9288530156 to show
Property Features
To Show: Appt Only/CLO
Leases: 1 Year +
Util incld in Rent: Electicity; Natural Gas; Sewer; Water
Potential Terms: Cash; Conventional
Interior Amenities: Carpet/Tile; Cement Slab; Disposals; Duo-Pane Wind.; Fire Alarm; Laundry Area; Range/Ovens; Refrigerators; Smoke/Heat Det.
Exterior Amenities: Porch/Patio; Satellite Dish
Docs on File: Leases
Lot Street Imprvmnts: Paved Parking; Paved Street
Utilities: City Water; Electric; Indiv. Metered; Natural Gas
Heating: Central; Natural Gas
Construction: Frame - Wood
Roof: Asphalt Shingle
Management: Mgmt. Co.
Listing Office: Jackson Associates
Last Updated: September - 06 - 2024
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