Listing ID6535813
Sold For$900,000
StatusClosed
Sold Date7/18/2023
CountyYavapai
SubdivisionFAIRWAY OAKS
Year Built1979
Property TypeMultiple Dwellings
Just fell from escrow; & Reduced to Sell Quick!! Incredible Views* Prime Location* Unbeatable Income* Low Maintenance Building & Landscape* Full Occupancy & easy to fill * 7.2 Cap! At the base of Cathedral Rock in VOC/Sedona sits this great Investment Opportunity! With Sedona's housing shortage, this location is always a sure bet! The building has a newer roof (2022)with warranty, & NEW city sewer connection! Updated & fresh; Storage space inside the large community laundry room with 2 washers & dryers! Separately metered; Tenants pay electric! Do not disturb tenants. Interior viewings upon accepted contract.
County
Yavapai
Property Type
Multiple Dwellings
Subdivision
FAIRWAY OAKS
Year Built
1979
Zoning
RentResidential
1 Bedroom Units # Baths
1
1 Bedroom Units Avg SqFt
800
2 Bedroom Units # Baths
2
2 Bedroom Units Avg SqFt
1200
Cooling
2 or More Units, Central A/C, Individual, Electric, Ceiling Fan(s)
Cooling
yes
Heating
Individual, Heat Pump, 2 or More Units, Electric
Heating
yes
Community Features
Other, No Pool
Country
US
Directions
West on Bell Rock to Sugarloaf, South/left follow around west turning into Chaparral, Building on Right/North side of street.
Elementary School
Out of Maricopa Cnty
Elementary School District
Sedona-Oak Creek Joint Unified District
General Property Description Elementary School
Out of Maricopa Cnty
General Property Description Elementary School District2
Sedona-Oak Creek Joint Unified District
General Property Description High School
Out of Maricopa Cnty
General Property Description High School District
Sedona-Oak Creek Joint Unified District
General Property Description Jr High School
Out of Maricopa Cnty
General Property Description Out of Area Schl Dst
#09
High School
Out of Maricopa Cnty
High School District
Sedona-Oak Creek Joint Unified District
Middle Or Junior School
Out of Maricopa Cnty
Postal City
Sedona
Township
16N
Water Source
City Franchise, Master Meter
Attached Garage
no
Construction Materials
Painted, Stucco, Block, Frame - Wood
Electric
APS
General Property Description # of Buildings
1
General Property Description Lot Size Dimensions
60.82x130.27x79.10x110.22
General Property Description Total # of Units
3
General Property Description Uncvrd Parking Spcs
6
Lot Size Dimensions
60.82x130.27x79.10x110.22
Number Of Buildings
1
Number Of Units Total
3
Open Parking Spaces
6
Parking Features
Other (See Remarks), >1 Space Per Unit, 1 Space/Unit
Parking Total
6
Road Surface Type
Asphalt
Roof
Composition, Built-Up
Sewer
Sewer-In & Connected, Other, Public Sewer
Buyer Agency Compensation
2.50
Mls Status
Closed
Public Survey Range
05E
Public Survey Section
13
1 Bedroom Units Avg Rent
1850
2 Bedroom Units Avg Rent
2500
Cap Rate
7.21
Disclosures
Other (See Remarks), Seller Prop Disc Stm
Gross Income
69480
Gross Scheduled Income
69480
Insurance Expense
1900
Listing Terms
Affordable Housing, Conventional, 1031 Exchange, Trade
Net Operating Income
68471
Operating Expense
5539
Owner Pays
Other, Trash Collection, Water, Sewer
Tax Annual Amount
2399
Tax Book Number
405.00
Tax Lot
114
Tax Year
2022
Tenant Pays
See Remarks, Electricity
Water Sewer Expense
1000
Contact - Listing ID 6535813
Michael Bohlman
2425 S. Stearman Dr. Suite 120
Chandler, AZ 85286
Phone: 480-797-3800
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