1 E Terrace Avenue 1&2, Flagstaff, AZ 86001

$952,000
Property Type: Multi-Family Square Footage: 2,470 Status: Closed
Current Price: $952,000 List Date: 8/21/2023 Last Modified: 9/06/2024

Overview

Description

What a great downtown property. Live in one unit and rent the other. Nicely maintained with a fenced backyard and 2-1 car garages. Large concrete driveway. Lower unit is occupied by Owner. Upper unit is leased through 6/24. Upper unit pays $2950 per month. Deposit is $2950. The purpose of this sale is to enact and IRS 1031 Exchange.

Listing Details MLS# 194432

Location, Tax & Legal

County
Coconino
Area
140 - Pinecrest/Cherry Hill
Street #
Yes
Direction
E
Street Name
Terrace
Suffix
Avenue
City/Town Code
Flagstaff
State/Province
AZ
Zip Code
86001

Contract Information

Public Marketing Date
2023-08-21
List Price/SqFt
394.73
Property Sub-Type
Multi Family
Transaction Type
Sale

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
2003
Year Built Source
County
Lot Dimensions
129.46x29.52x123.19x48.74

Status Change Info

Sold Date
2024-02-08
Sold Price/SqFt
385.42
Financing
Conventional

Currently Not Used

Approx SqFt
2470

More Information

Property Features

Leases: Month To Month Potential Terms: Cash; FHA; VA Loan Exchange: Submit Exterior Amenities: Deck/Belcony; Fire Escapes; Garages; Laundry Room Docs on File: Aerial Photo; Leases Lot Street Imprvmnts: Paved Parking Utilities: City Water; Electricity Available; Natural Gas; Sewer Construction: Frame - Wood Roof: Asphalt Shingle Flood Zone: None Management: On-Site Manager; Owner/Family
IDX
Listing Office: Linton Real Estate
Source MLS Verified
Last Updated: September - 06 - 2024
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