Prime Uptown Sedona location with approved project for ten Condominiums with stunning views! Existing four unit, two bedroom, two bath apartments, with over 3,800 sq.ft. + garage and storage space on 1.51 acres of land. Condo project is for ten units, ranging from 1788 sq.ft. to 2516 sq.ft. City will allow changes made as long as plan fits the original footprint. Many options available, including purchasing Apple Orchard Inn for a total 2.5 acres of land and 16 BR w/ baths plus room for additional condos or a quality residence! Extremely rare opportunity - think of the possibilities! Supurb Uptown location - dynamic view corridor - existing profitable apartments - additional 8BR B&B available - approved condo expansion project with all plans, surveys included. Call List Agent for details.
Main house(Howard Manor) plus semi-attached apartment, plus detached cottage, plus detached studio, & 2-car garage generates about $30,000 per year in income, see attached doc for details showing location of units and what they rent for. Great cash flow for this price on this nonconforming property. Records show 2,570 square feet, not including studio. Cash sale or private financing. MOST tenants are month to month and want to stay. It's not fancy, but in good condition & the numbers are there! Cap Rate of about 10! Connected to city sewer.
Age: 31-40 Years Old
Appliances: Microwave, Refrigerator
Architecture Style: Other
Cooling System: Ceiling Fan(s), Evaporative
Exterior Type: Wood
Floor Covering: Tile - Stone, Tile or Stone, Vinyl