$467,500
Flagstaff, AZ 86004
MLS# 199310
Status: Closed
1867 sqft
1 / 21
Property Description
Multi-family property with long-term renters and two separate homes on one lot! What an opportunity to get a low-priced investment property with excellent cash-flow potential - or live in one and rent out the other to help with the mortgage. Both homes have 2 bed/1 bath and the front house has an additional converted garage space that serves as a third bedroom. Currently a combined rent of 3,000 dollars/month. Homes have separate fenced yards and the corner lot provides separate access for each home. Front house has good curb appeal, covered porch, wood floors, and vaulted ceilings, along with a newer roof and furnace. Both units feature newer windows throughout. Back unit was built in 1980. Convenient access to Rt. 66, downtown, and 4th Street shopping. Make an appointment today!
Details
Maps
Contract Information
Status: Closed
Listing Agreement Date: 2025-01-14
Current Price: $467,500
Sold Price: $467,500
List Price/SqFt: 235.67
Owner/Agent: No
Property Sub-Type: Multi Family
Transaction Type: Sale
Location Tax Legal
County: Coconino
Area: 400 - Sunnyside
Street #: 1527
Direction: N
Street Name: Center
Suffix: Street
City/Town Code: Flagstaff
State/Province: AZ
Zip Code: 86004
Geo Lat: 35.202588
Geo Lon: -111.620347
Key Words
Sale/Rent Description: 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: 1943
Year Built Source: County
Status Change Info
Sold Date: 2025-02-28
Sold Price: $467,500
Sold Price/SqFt: 250.4
Financing: Conventional
Currently Not Used
Approx SqFt: 1867
To Show
Other: Keysafe on back unit
Property Features
To Show: Appt Only/CLO
Leases: Month To Month
Util incld in Rent: Trash Collection; Water
Potential Terms: Cash; Conventional
Interior Amenities: Carpet/Tile; Duo-Pane Wind.; Fireplaces/WBS; Range/Ovens; Refrigerators; Shared Baths; Wood Floors
Exterior Amenities: Fenced; Porch/Patio; Priv Yards; Sorage Units
Docs on File: Current P & L; Leases
Lot Street Imprvmnts: Alley; Curb/Gutters; Paved Parking; Paved Street; Sidewalks; Street Parking
Utilities: Cable Available; City Water; Electricity Available; Indiv. Metered; Natural Gas; Phone Available; Primary Meter; Sewer
Heating: Central; Natural Gas; Wall Furnace; Wood
Construction: Frame - Wood; Masonry
Roof: Asphalt Shingle
Management: Owner/Family
Listing Office: Russ Lyon Sothebys Intl Realty
Last Updated: February - 28 - 2025
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