$1,050,000
Flagstaff, AZ 86001
MLS# 196546
Status: Closed
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Property Description
Fabulous investment opportunity in Downtown Flagstaff. This historic Craftsman downtown home with a view of the San Francisco Peaks is only a few blocks west of downtown Flagstaff, 3 blocks east of Thorpe Park with numerous recreational opportunities, less than a mile SW of the hospital and less than a mile NW of NAU. This location couldn't possibly be better for single tenants looking for an affordable studio apartment with close proximity to most of what Flagstaff has to offer, or to someone needing a slightly larger 2 bed/2 bath apartment. This multi-family property has been almost 100% occupied throughout the period the current owner has owned and lived in the home. Lovely Craftsman design, beautiful original
Details
Maps
Contract Information
Status: Closed
Listing Agreement Date: 2024-04-26
Current Price: $1,000,000
Sold Price: $1,000,000
Property Sub-Type: Duplex, Triplex, 4-Plex, 8-Plex
Transaction Type: Sale
Location Tax Legal
County: Coconino
Area: 145 - Flagstaff Townsite
Street #: 621
Direction: W
Street Name: Cherry
Suffix: Avenue
City/Town Code: Flagstaff
State/Province: AZ
Zip Code: 86001
Geo Lat: 35.202469
Geo Lon: -111.655414
Key Words
Sale/Rent: For Sale
Net Op Inc: $50,000 - 99,999
Vacancy %: 1%
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
Year Built: 1920
Year Built Source: County
Lot Dimensions: 74.43x99.77x74.68
Status Change Info
Sold Date: 2024-08-12
Sold Price: $1,000,000
Financing: Cash
Property Features
To Show: Appt Only/CLO
Leases: 1 Year +
Util incld in Rent: Electicity; Natural Gas; Sewer; Trash Collection; Water
Potential Terms: Cash; Conventional; Submit
Interior Amenities: Basement; Carpet/Tile; Range/Ovens; Refrigerators; Shared Baths
Exterior Amenities: Fenced
Docs on File: Flood Zone Info; Leases
Lot Street Imprvmnts: Paved Street; Sidewalks; Street Parking
Utilities: City Water; Electric; Natural Gas; Sewer; TV Cable
Heating: Electric; Natural Gas; Wall Furnace
Cooling: None
Construction: Frame - Wood
Roof: Asphalt Shingle
Management: Owner/Family
Supplements
Douglas Fir wood flooring in the living room and dining room, wonderful decorative (but functional) gas stove, spacious updated kitchen, primary bath with jetted tub, and a basement that includes a large recreation room or office. This is truly a unique property with terrific investment potential.
Listing Office: RE/MAX Fine Properties
Last Updated: September - 06 - 2024
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