1527 N Center Street, Flagstaff, AZ 86004 (MLS# 199310)

1527 N Center Street, Flagstaff, AZ 86004

$467,500

Property Type: Multi-Family Square Footage: 1,867 Status: Closed

Current Price: $467,500 List Date: 1/14/2025 Last Modified: 2/28/2025

Overview

Description

Multi-family property with long-term renters and two separate homes on one lot! What an opportunity to get a low-priced investment property with excellent cash-flow potential - or live in one and rent out the other to help with the mortgage. Both homes have 2 bed/1 bath and the front house has an additional converted garage space that serves as a third bedroom. Currently a combined rent of 3,000 dollars/month. Homes have separate fenced yards and the corner lot provides separate access for each home. Front house has good curb appeal, covered porch, wood floors, and vaulted ceilings, along with a newer roof and furnace. Both units feature newer windows throughout. Back unit was built in 1980. Convenient access to Rt. 66, downtown, and 4th Street shopping. Make an appointment today!

Listing Details MLS# 199310

Location, Tax & Legal

County: Coconino
Area: 400 - Sunnyside
Street #: 1527
Direction: N
Street Name: Center
Suffix: Street
City/Town Code: Flagstaff
State/Province: AZ
Zip Code: 86004

Contract Information

Public Marketing Date: 2025-01-14
List Price/SqFt: 235.67
Owner/Agent: No
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: 1943
Year Built Source: County

Status Change Info

Sold Date: 2025-02-28
Sold Price/SqFt: 250.4
Financing: Conventional

Currently Not Used

Approx SqFt: 1867

More Information

To Show

Other: Keysafe on back unit

Property Features

To Show: Appt Only/CLO Leases: Month To Month Util incld in Rent: Trash Collection; Water Potential Terms: Cash; Conventional Interior Amenities: Carpet/Tile; Duo-Pane Wind.; Fireplaces/WBS; Range/Ovens; Refrigerators; Shared Baths; Wood Floors Exterior Amenities: Fenced; Porch/Patio; Priv Yards; Sorage Units Docs on File: Current P & L; Leases Lot Street Imprvmnts: Alley; Curb/Gutters; Paved Parking; Paved Street; Sidewalks; Street Parking Utilities: Cable Available; City Water; Electricity Available; Indiv. Metered; Natural Gas; Phone Available; Primary Meter; Sewer Heating: Central; Natural Gas; Wall Furnace; Wood Construction: Frame - Wood; Masonry Roof: Asphalt Shingle Management: Owner/Family

IDX

Listing Office: Russ Lyon Sothebys Intl Realty

Last Updated: February - 28 - 2025