$599,900
118 E Grant Avenue
Williams, AZ 86046
MLS# 175175
5180 sqft


Fritzaire Building
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Fritzaire Building Front of building Courtyard and picnic area Another picnic area Courtyard Side of units 3 and 4 Aerial looking from front of building to downtown Overhead shot 3 orange roofs are subject property Above building looking towards downtown Front entrances Upper level apartment Upper level apartment upper level apartment upper level apartment Upper level Kitchen upper level kitchen upper level bathroom upper level bedroom 1 upper level bedroom 2 lower 2 bedroom apartment Lower level bedroom 1 Lower level 2 bedroom apartment Lower level bedroom 2 lower level bathroom Laundry in lower unit Studio Ktichen Studio bath Studio living room Studio Kitchen Across from Libray and Post Office. 1 block to Route 66

Property Description
GET YOUR KICKS ON ROUTE 66. Make a living owning property in the Heart of Downtown WIlliams Arizona, the Gateway to the Grand Canyon. This property has 9 units in all. There are THREE studio apartments, TWO 2 bedroom apartments, THREE offices and a one bedroom plus office/loft apartment. You can live in a unit and rent the rest out or run vacation rentals in the front building and do long term leases in the back units.Adorable courtyard in the middle for all to enjoy. Plenty of off street and on street parking available.

Details
Maps
Contract Information
Current Price: $599,900
List Price: $599,900
List Price/SqFt: 115.81
Property Sub-Type: Apt Building (9+ Units)
Transaction Type: Sale
Location, Tax & Legal
County: Coconino
Region: 90 - Williams Area
Area: 910 - Williams City
APN: 20110005
Street #: 118
Direction: E
Street Name: Grant
Suffix: Avenue
City/Town Code: Williams
State/Province: AZ
Zip Code: 86046
Cross Street: 1st Street
Legal Description: PERRIN ADD Block 18 Lot 7 and Lot 8.OTHERWISE DESC AS FRACTIONAL LOT 7, OTHERWISE DESC AS FRACTIONAL LOT 8 MAP REF:
Taxes: 3025.64
Tax Year: 2017
Geo Lat: 35.249817
Geo Lon: -112.186237
Key Words
Sale/Rent: For Sale
Net Op Inc: $50,000 - 99,999
Vacancy %: 1%
Cap Rate: 8 - 8.9%
Imprv Sz (Gross SF): 3,000 - 5,999
Land Size: 6,001 - 12,000 SF
# Units: 9 - 64
Down Payment: $100,000 - 149,999
General Property Description
# of Units: 9
Year Built: 1958
Year Built Source: County
Remarks & Misc
Directions: Located in the heart of downtown Williams Arizona just 1 block from Historic Route 66. From Route 66, Go South on 1st Street, and East on Grant.
Status Change Info
Status: Active
Currently Not Used
Approx SqFt: 5180
Inc/Exp (Annual)
Scheduled Income $: 90000
Cap Rate %: 8
To Show
Other: 48 HOUR NOTICE
Exterior Amenities
Other: COURTYARD
Property Features
To Show: Appt Only/CLO
Leases: Month to Month
Util incld in Rent: Electicity; Natural Gas; Trash Collection; Water/Sewer
Potential Terms: Cash/CTNM
Interior Amenities: Carpet/Tile; Dishwashers; Fireplaces/WBS; Range/Ovens; Refrigerators; Smoke/Heat Det.
Exterior Amenities: Fenced; Landscaped
Lot Street Imprvmnts: Alley; Curb/Gutters; Paved Parking; Paved Street; Sidewalks; Street Parking
Utilities: City Water; Electric; Natural Gas; Sewer; Telephone
Heat/Cooling: Central Heating; Natural Gas
Construction: Frame - Wood; Masonry
Roof: Asphalt Shingle; Comp./Built Up
Flood Zone: D-Undetermined
Management: Owner/Family

Listing Office: Realty Executives of Flagstaff

Last Updated: September - 24 - 2018

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Wednesday 21st of November 2018 08:54 AM