$1,050,000
$1,050,000
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SOLD DATE : 05/19/2023
Key Details
Sold Price $1,050,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 6542416
Sold Date 05/19/23
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 1978
Annual Tax Amount $2,292
Tax Year 2022
Lot Dimensions 11,921
Property Description
Nestled in a prime location in Flagstaff, Arizona, this fourplex offers an incredible investment opportunity. The property is situated directly across from Coconino High School, making it an ideal location for renters. With an all two-bedroom and one-bathroom unit mix, this property offers comfortable living spaces for tenants.
Currently, the property offers a significant value-add opportunity, with tenants on month-to-month leases and rents that are 35-45% under market value. With a capital injection, this property can become a lucrative cash-flowing investment. The potential for both long-term and short-term rental options is undeniable.
The property's location offers exceptional convenience for tenants, with easy access to local amenities, restaurants, and shopping centers.
Location
State AZ
County Coconino
Zoning multifamily
Interior
Heating Natural Gas, Other
Cooling Other
Appliance Refrigerator, BI OvenRange, WasherDryer
Exterior
Garage Paved Parking
Community Features No Pool
Waterfront No
Roof Type Metal
Parking Type Paved Parking
Total Parking Spaces 8
Building
Sewer Public Sewer
Water City Franchise
Schools
School District Flagstaff Unified District
Others
Senior Community No
Tax ID 109-10-005-D
Acceptable Financing Affordable Housing, Conventional, 1031 Exchange, FHA
Listing Terms Affordable Housing, Conventional, 1031 Exchange, FHA
Financing Carryback
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9280 S Kyrene Rd Suite 117, Tempe, AZ,, 85284, United States