Listing ID6402149
Price$1,500,000
StatusActive
CountyYavapai
SubdivisionJ A LAMPORT ADD
Year Built1953
Property TypeMultifamily Residential
Property Sub TypeOther (See Remarks)
Investors, take note! This unique one-of-a-kind investment portfolio is being sold as a complete package with multiple potential streams of income - a perfect addition to any growing portfolio! Set in the historic town of Seligman, each of these five locations offers strong community ties with the potential for some serious cash flow. 54130 N Main Street proudly boasts two huge income opportunities with the Seligman Grocery Market and laundromat residing at this one corner location. The Seligman grocery market has been a cornerstone of the community for generations and is just waiting for your ideas or the ideas of your tenants to revitalize it! Please contact Listing Agent for private showings. The existing floor plan allows for a variety of uses, such as continuing the grocery market or turning it into a different food venue with a large walk in cooler, new compressor was installed for the walk in cooler with 5 year warranty. Several other coolers and huge footprint - the choice is yours! Air conditioned trailer with new tires used for hauling much needed supplies for the store in included in the sale. The laundromat, attached to the grocery market, allows for immediate cash flow with little to no overhead and supervision. Stop by weekly to collect the change left behind in the washer and dryers and restock needed supplies. Laundromats are proven effective passive income sources for many growing entrepreneurs.
The thrift store is another fantastic property included in this package, ready for immediate occupancy! This property offers the potential to be used as a thrift store in the future or as a different storefront. Also included in the investor's package are two separate rental properties these homes have had some remolded bathroom, laundry and hot water heater, one home is currently rented on month to month, additional building said to be the oldest structure still standing has been used for additional dwelling, all located in town and ready to be occupied by its future owners or tenants! The properties are in a prime location, in the town, close to schools, and area attractions, making them ideal for short-term rentals, VRBO, or a fabulous and convenient primary residence.
These properties are close to famous Route 66, reservation lands, Prescott National Forest, and many preserves. Half of the 5.5 million Grand Canyon National Park visitors travel through town and those traveling along historic Route 66. Summer National Park visitors, fall students, and winter snowboarders guarantee a constant source of tourists flowing through the community. There is no better time than the present to invest in your future - a future rooted in the historic neighborhood of Seligman!
County
Yavapai
Property Sub Type
Other (See Remarks)
Property Type
Multifamily Residential
Subdivision
J A LAMPORT ADD
Year Built
1953
Zoning
C2-1
1 Bedroom Units
2
1 Bedroom Units: Average SqFt
1100
1 Bedroom Units: Number of Baths
1
2 Bedroom Units
1
2 Bedroom Units: Average SqFt
1100
2 Bedroom Units: Number of Baths
1
3 Bedrooms Units
1
3 Bedrooms Units: Average SqFt
1100
3 Bedrooms Units: Number of Baths
1
Appliances Included
Microwave, Other (See Remarks), Refrigerator, Washer/Dryer
Cooling
2 or More Units, Central A/C, Heat Pump
Floors
Concrete, Other, Wood
Heating
Heat Pump
Interior Amenities
Furnished, Other (See Remarks)
Other Type
House + Rental Units, Other (See Remarks), Packaged Offering
Total Units
5
Construction
Block, Brick, Frame - Wood
Exterior Amenities
Desert Landscaping, Fenced, Other (See Remarks), Partially Fenced, Separate Storage
Exterior Finish
Other (See Remarks), Painted, Stucco
Lot Size Dimensions
177x150
Parking
Add'l Parking Avail, Free, Garage, Paved Parking, Street Parking
Roads/Streets
Asphalt
Roofing
Shake
Total Parking Spaces
10
Country
USA
Cross Street
I 40 and Exit 123 Seligman
High School District Number
000 - Out of Area
Lot Number
17
Map Code/Grid
C82
Range
06W
School District
000 - Out of Area
Section
36
Township
23N
Community Amenities
General Store, Manager Res/Office, Other
Electric
APS
Entry Timestamp
2022-05-19T00:56:55+00:00
Gas
None
Marketing Name
Seligman General Store
Owner Association
No
Sewer
Septic in & Cnctd
Vacancy Allowance
10
Water
City Franchise, Individual Meter
1 Bedroom Units: Average Rent
1000
2 Bedroom Units: Average Rent
1000
3 Bedrooms Units: Average Rent
1000
Adjusted Gross Income
1818000
Contingency Type
No
Financial Data Source
Provided by Owner
Gross Annual Scheduled Income
142000
Net Operating Income
202000
New Financing
1031 Exchange, Conventional
Operating Expense
3212
Other Income
60000
Owner Pays
Electric, Landscaping, Sewer, Trash Collection, Water
Payment Includes
Insurance, Taxes
Sale Includes
Building(s) Only, Land & Building, Laundry Equipment, Personal Property
Special Listing Conditions
Unincorporated Area
Tax Municipality
Yavapai - COUNTY
Taxes
3212
Tenant Pays
Electric, Trash, Water
Contact - Listing ID 6402149
Michael Bohlman
2425 S. Stearman Dr. Suite 120
Chandler, AZ 85286
Phone: 480-797-3800
Data services provided by IDX Broker
