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309 N Humphreys St 5 Unit Apartment Building $1,550,000 ($310,000/Unit) 4.10% Cap Rate Flagstaff, AZ 86001
Investment Highlights
- Community Commercial zoning
- Discover this updated income property located on a high-profile corner lot in the heart of Historic Downtown Flagstaff.
Executive Summary
Discover this updated income property located on a high-profile corner lot in the heart of Historic Downtown Flagstaff. Wonderful Historic Downton property circa 1906 Lindemann House. Zoned Community Commercial with a variety of prior commercial uses. This property features five fine residences: 3 fully furnished and highly successful short term rentals (STR's) and 2 long term rentals - a 2 bedroom 1 bath penthouse apartment and a 1 bedroom 1 bath apartment. The STR's include a large studio apartment, a 2-bedroom, 1-bath apartment and a 1-bedroom, 1-bath apartment. Solid income with lots of additional possibilities. SELLER FINANCING is available to a qualified Buyer. Avoid expensive conventional lender fees. Seller prefers a Seller financed sale. A huge paved parking lot provides ample parking in the center of town. Prior commercial uses have included a retail running store, hair salon and attorney and engineering offices. Owner/Agent.
Property Facts
| Price | $1,550,000 | Apartment Style | Low-Rise |
| Price Per Unit | $310,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.25 AC |
| Cap Rate | 4.10% | Building Size | 3,648 SF |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1943 |
| Property Subtype | Apartment | Parking Ratio | 3.56/1,000 SF |
| Zoning | CC - Community Commercial | ||
| Price | $1,550,000 |
| Price Per Unit | $310,000 |
| Sale Type | Investment |
| Cap Rate | 4.10% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.25 AC |
| Building Size | 3,648 SF |
| No. Stories | 2 |
| Year Built | 1943 |
| Parking Ratio | 3.56/1,000 SF |
| Zoning | CC - Community Commercial |
Amenities
Site Amenities
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | - | - |
| 2+1 | 2 | - | - |
1 1
Walk Score®
Very Walkable (89)
Bike Score®
Biker's Paradise (100)
Property Taxes
| Parcel Number | 100-09-001E | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $166,794 |
Property Taxes
Parcel Number
100-09-001E
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$166,794
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309 N Humphreys St
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