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    919-921 E 2nd Street

    Winslow, AZ 86047
    • $830,000
    • STATUS: Active
    • ON SITE: 259 days
    • MLS #: 179980
    UPDATED: 56 min ago
    $830,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,120
      SQFT
    • $117
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1946
    County:
    Area:

    School Ratings & Info

    Description

    This is a 14-unit apartment opportunity in the historic City of Winslow.The property has a long-term tenant in place with a newly signed 10 year master lease at $8,700/month with 4% annual increases.Tenant is responsible for all repairs up to the first $500 & for the entire cost of all kitchen appliance repair/replacement & common area maintenance.Landlord is responsible for all utility expenses with a maximum allowance of $20,000 annually (tenant is responsible for all utility expenses over $20k annually).This deal offers a relatively hands-off opportunity to someone looking for an excellent cap rate in a market with limited supply & high demand. Also, with a master lease in place there will be no vacancy.The current tenant has been leasing the property for almost 20 years.

    Monthly Payment Calculator



    © 2020 Northern Arizona Association of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Maison DeBlanc Real Estate. Data last updated: 2020-09-22T10:14:28.93.
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    919-921 E 2nd Street Winslow, AZ 86047

    • Price: $830,000
    • Status: Active
    • Updated: 56 min ago
    • MLS #: 179980
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    7,120
    SQFT
    $117
    $/SQFT
    1946
    Built
    Neighborhood:
    20 - Winslow
    County:
    Navajo
    Area:
    20 - Winslow
    Property Description
    This is a 14-unit apartment opportunity in the historic City of Winslow.The property has a long-term tenant in place with a newly signed 10 year master lease at $8,700/month with 4% annual increases.Tenant is responsible for all repairs up to the first $500 & for the entire cost of all kitchen appliance repair/replacement & common area maintenance.Landlord is responsible for all utility expenses with a maximum allowance of $20,000 annually (tenant is responsible for all utility expenses over $20k annually).This deal offers a relatively hands-off opportunity to someone looking for an excellent cap rate in a market with limited supply & high demand. Also, with a master lease in place there will be no vacancy.The current tenant has been leasing the property for almost 20 years.
    Exterior Features

    Construction Frame - Wood Exterior Amenities Laundry Room Roof Asphalt Shingle

    Interior Features

    Interior Amenities Duo-Pane Wind.

    Property Features

    Down Payment Submit Management Owner/Family Net Op Inc $50000 - 99999 Potential Terms Cash/CtnmConventionalSubmit Property Sub Type Apt Building (9+ Units) Tax Year 2019 Taxes 1648.86

    Listing provided courtesy of Patrick Burch of Abi Multifamily.
    Listing information © 2020 Northern Arizona Association of Realtors, Inc.


    © 2020 Northern Arizona Association of Realtors. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Maison DeBlanc Real Estate. Data last updated: 2020-09-22T10:14:28.93.
     
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