1901 Old Hwy 66, Winslow, AZ 86047 (MLS# 199289)

1901 Old Hwy 66, Winslow, AZ 86047

$450,000

Property Type: Multi-Family Square Footage: 6,564 Status: Closed

Current Price: $450,000 List Date: 1/12/2025 Last Modified: 3/22/2025

Overview

Description

Excellent infill re-development opportunity to reposition this old motel into a 22 unit multifamily property. Winslow 22 is a rare opportunity to invest in a prime infill re-development opportunity in the Winslow market, a small but economically diverse town in Navajo County of Northern Arizona. The former 21 room motel surrounds a 5 bed 3 bathroom residence, and also includes a laundry room and maintenance room. The property sits strategically at the western entrance to Winslow on 'Old Route 66' just over a mile away from historic downtown, providing ample exposure for marketing and ease of access for future tenants or guests. Contact Broker for an offering memorandum that includes more details including demographics, a prospective proforma and infrastructure requirements.

Listing Details MLS# 199289

Location, Tax & Legal

County: Coconino
Area: 20 - Winslow
Street #: 1901
Street Name: Old Hwy 66
City/Town Code: Winslow
State/Province: AZ
Zip Code: 86047

Contract Information

Public Marketing Date: 2025-01-01
List Price/SqFt: 68.55
Owner/Agent: No
Property Sub-Type: Multi Family
Transaction Type: Sale

Key Words

Sale/Rent Description: For Sale
Net Op Inc: $100,000 - 149,999
Vacancy %: 0%
Cap Rate: 13 - 13.9%
Imprv Sz (Gross SF): 6,000 - 47,999
Land Size: .5 - .9 AC
# Units: 9 - 64
Down Payment: $15,000 - 19,999

General Property Description

# of Units: 22
Year Built: 1951
Year Built Source: County
Lot Dimensions: 150.96x180.44x156.69x153.65

Status Change Info

Sold Date: 2025-03-21
Sold Price/SqFt: 68.55
Financing: Cash

Currently Not Used

Approx SqFt: 6564

More Information

Docs on File

Other: Offering Memorandum

Property Features

To Show: Appt Only/CLO; Drive By/Don't Enter Potential Terms: Cash; Submit Interior Amenities: Cement Slab; Laundry Area Lot Street Imprvmnts: Unpaved Parking Utilities: Cable Available; City Water; Electricity Available; Natural Gas; Phone Available; Primary Meter; Private Trash Co.; Sewer Heating: Electric; Heat Pump Cooling: Central Air; Heat Pump; Multi Units Construction: Frame - Wood; Masonry Roof: Asphalt Shingle; Rolled Flood Zone: None

Documents

Offering Memorandum - Winslow 22 ›

IDX

Listing Office: Salt REI LLC

Last Updated: March - 22 - 2025