70 Bell Rock Boulevard, 1-10, Sedona, AZ 86351 (MLS# 199769)

To Show: No Sign on Prop

Util incld in Rent: Sewer; Trash Collection; Water

Potential Terms: Cash; Conventional; Submit

Exchange: Submit

Interior Amenities: Carpet/Tile; Dishwashers; Disposals; Laundry Area; Range/Ovens; Refrigerators

Exterior Amenities: Carports; Deck/Belcony

Docs on File: Aerial Photo; Current P & L; Leases; Owner Op Stmnt

Lot Street Imprvmnts: Paved Parking

Utilities: City Water; Electric; Indiv. Metered; Sewer

Heating: Electric; Heat Pump

Cooling: Central Air; Heat Pump

Construction: Frame - Wood

Roof: Rolled

Management: Mgmt. Co.

Bell Rock Villas consists of 10 apartment units in an amazing location in Sedona. This particular area of Sedona is a serene, golf-course heavy area referred to as the Village of Oak Creek. This area is quieter than Uptown and feels like a desert oasis with beautiful red rocks and sandstone buttes clearly visible in all directions. It is also a certified "international Dark Sky Place" and has access to Red Rock State Park along with four golf courses close by. The property itself looks north with amazing views of red rocks/buttes right in the background. Bell Rock Villas is made up of 10, individually-parceled "condo" units so they could be sold off separately at some point, if desired. In order to facilitate such an option, the owner has already had the legal documents prepared to reactivate the HOA. The property has a great unit mix with 7 two-bedroom / one-bathroom units and 3 one-bedroom / one-bathroom units. Each unit is very spacious, averaging over 900 square feet for the one-bedroom units and over 1,000 square feet for the two-bedroom units. The bottom floor units each have a large outdoor yard space and the upstairs units have private balconies looking out to amazing views. They all have been upgraded over time with interior washer / dryers, granite countertops, newer fixtures, etc. The area is extremely popular with short-term rentals, and converting these units to vacation rentals would be worth considering in an effort to increase revenue. Additional value-add opportunities exist through taking the interiors to the next level as well as updating the exterior aesthetic. This extremely supply-constrained market helps to keep these units consistently fully occupied. Sedona is an Arizona desert town near Flagstaff that's surrounded by red-rock buttes, steep canyon walls and pine forests. It's noted for its mild climate and vibrant arts community. Uptown Sedona is dense with New Age shops, spas, and art galleries. On the town's outskirts, numerous trailheads access Red Rock State Park, which offers birdwatching, hiking, and picnicking spots. Sedona is absolutely a vacation destination in its own right, but is also a fantastic home base to visit all of what northern Arizona has to offer. From Sedona jeep tours, hiking, Slide Rock, and Oak Creek Canyon to spiritual healing, massages, psychic readings, and energy vortexes, Sedona will have your senses buzzing for days! Sedona, AZ has become a mecca for all sorts of communities: spiritual healers, mountain bikers, hikers, artists, nature photographers, and even filmmakers. This vibrant and stunning area of Arizona's ability to attract and accommodate so many walks of life has created and nurtured an eclectic, unique culture unlike anywhere you've ever experienced. Sedona is truly one of a kind, and visiting Sedona is on the bucket lists of travelers the world over. Properties like this do not come on the market often, as there are a very limited number of properties in Sedona that trade each year.