$1,650,000
Flagstaff, AZ 86001
MLS# 199204
3648 sqft
1 / 40
Property Description
Discover this updated income property located on a high-profile corner lot in the heart of Historic Downtown Flagstaff. Wonderful Historic Downtown property circa 1906 Lindemann House. Zoned Community Commercial with a variety of prior commercial uses. This property features five fine residences: 3 fully furnished and highly successful short term rentals (STR's) and 2 long term rentals - a 2 bedroom 1 bath penthouse apartment and a 1 bedroom 1 bath apartment. The STR's include a large studio apartment, a 2-bedroom, 1-bath apartment and a 1-bedroom, 1-bath apartment. Solid income with lots of additional possibilities. SELLER FINANCING is available to a qualified Buyer. Avoid expensive conventional lender fees. Seller prefers a Seller financed sale. Owner/Agent.
Details
Maps
Contract Information
Status: Active
Listing Agreement Date: 2025-01-03
Current Price: $1,650,000
List Price: $1,650,000
List Price/SqFt: 452.3
Owner/Agent: Yes
Property Sub-Type: Other
Transaction Type: Sale
Location Tax Legal
County: Coconino
Area: 145 - Flagstaff Townsite
Street #: 309
Direction: N
Street Name: Humphreys
Suffix: Street
City/Town Code: Flagstaff
State/Province: AZ
Zip Code: 86001
Geo Lat: 35.201275
Geo Lon: -111.65007
Key Words
Sale/Rent: For Sale
Net Op Inc: $50,000 - 99,999
Vacancy %: 5% - 9.9%
Cap Rate: 1 - 7.9%
Imprv Sz (Gross SF): 3,000 - 5,999
Land Size: 6,001 - 12,000 SF
# Units: 5 - 8
Down Payment: Submit
General Property Description
# of Units: 5
Year Built: 1943
Year Built Source: County
Lot Dimensions: Irreg approx 78' x 134'
Currently Not Used
Approx SqFt: 3648
Leases
Other: STR's
Util incld in Rent
Other: WIFI for STR's
Interior Amenities
Other: CO2 detectors
Flood Zone
Other: AE and X
Property Features
To Show: Appt Only/CLO
Leases: Month to Month; No Pets
Util incld in Rent: Electicity; Natural Gas; Sewer; Snow Removal; Trash Collection; Water
Potential Terms: OMC 1st
Interior Amenities: Basement; Carpet/Tile; Cement Slab; Dishwashers; Duo-Pane Wind.; Fire Alarm; Laundry Area; Range/Ovens; Refrigerators; Smoke/Heat Det.; Wood Floors
Exterior Amenities: Deck/Belcony; Landscaped; Porch/Patio; RV Parking; Sorage Units
Docs on File: Aerial Photo; Leases; Legal Descrip.; Security Dpsts
Lot Street Imprvmnts: Alley; Curb/Gutters; Paved Parking; Paved Street; Sidewalks; Street Parking
Utilities: City Water; Electric; Indiv. Metered; Natural Gas; Primary Meter; Sewer
Heating: Natural Gas; Other; Other
Cooling: Individual A/C Units
Construction: Frame - Wood
Roof: Asphalt Shingle; Pitched; Rolled
Management: Owner/Family
Supplements
A huge paved parking lot provides ample parking in the center of town. Prior commercial uses have included a retail running store, hair salon and attorney and engineering offices.
Listing Office: Linton Real Estate
Last Updated: September - 20 - 2025
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