Turnkey Income Producer Fully Rented!! Located in the heart of Sedona's Village of Oak Creek this triplex in excellent condition is returning over 7.0% annually, the only one of it's kind in the area with this return. All three units have new heat pumps installed in 2010, composition shingle roof new as well, appliances are all new or in good condition. Unit #1 has den, private deck, fireplace in living room, large storage area and private laundry room with full bath and 1 3/4 bath. Units #2 and #3 have private patios and full bathrooms, both units share a laundry room with extra storage for each unit. All leases good through the end of 2013. Property is in excellent condition and will not last long at this price.
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