$485,000
401 W OAK Street
Winslow, AZ 86047
MLS# 5742268
Status: Closed



401 W OAK Street, Winslow, AZ 86047
  1 / 14  
401 W OAK Street, Winslow, AZ 86047 401 W OAK Street, Winslow, AZ 86047 401 W OAK Street, Winslow, AZ 86047 401 W OAK Street, Winslow, AZ 86047 401 W OAK Street, Winslow, AZ 86047 401 W OAK Street, Winslow, AZ 86047 401 W OAK Street, Winslow, AZ 86047 401 W OAK Street, Winslow, AZ 86047 401 W OAK Street, Winslow, AZ 86047 401 W OAK Street, Winslow, AZ 86047 401 W OAK Street, Winslow, AZ 86047 401 W OAK Street, Winslow, AZ 86047 401 W OAK Street, Winslow, AZ 86047 401 W OAK Street, Winslow, AZ 86047

Property Description
This is a rare opportunity to own one of the nicest rental properties in Winslow. There are 3 one bedroom and 8 two bedroom units for a total of 11 rentals. While this is a older complex it has been well maintained over the years. With modern electrical system and a roof that is less than 10 years old. It has 13,concrete off street parking spaces. Each unit has its own electrical and gas meter. The rental market is Winslow historically has been very good, The listing brokerage also manages rental properties in Winslow and have a very good feel for the demand and the rental rates for the area. Currently all units but one is occupied, however the one vacant unit has people interested in it. The high demand for rental units and an recent appraisal supports the asking price.

Details
Maps
Contract Info
Current Price: $485,000
Sold Price: $485,000
Status: Closed
List Date: 2018-03-23
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
Map Code/Grid: C72
House Number: 401
Compass: W
Street Name: OAK
St Suffix: Street
City/Town Code: Winslow
State/Province: AZ
Zip Code: 86047
Zip4: 3452
Country: USA
County Code: Navajo
Legal Description (Abbrev): LOT 1 BLOCK 1 HICKS ADD
Subdivision: HICKS ADD
Assessor's Map #: 16
Assessor's Parcel #: 184
Add'l Parcels: No
Assessor Number: 103-16-184
Census Tract: 960400
Legal: LOT 1 BLOCK 1 HICKS ADD
Tax Municipality: Winslow
Taxes: 1556.84
Tax Year: 2017
Marketing Name: Troutners Appartments
General Property Description
Ttl Apx SqFt Bldg: 6311
# of Buildings: 4
Year Built: 1945
Uncvrd Parking Spcs: 13
Zoning: General
Remarks & Misc
Cross Street: Berry
Geo Lat: 35.027921
Geo Lon: -110.699563
Status Change Info
Status Change Date: 2019-05-29
Off Market Date: 2019-04-16
Under Contract Date: 2019-04-15
Close of Escrow Date: 2019-05-28
Sold Price: $485,000
Legal Info
Township: 19N
Range: 15E
Section: 24
Lot Number: 1
Income & Expenses
Annual Ins Exp: 3937
Annual Maint Exp: 18000
Annual Trash Exp: 7
Annual Wtr/Swr Exp: 6000
Owner Association: No
Operating Exp: 29500.84
Gross Annual Sch Inc: 67980
Vacancy Allowance: 0.01
Adjusted Gross Inc: 67300.2
Net Operating Income: 39567.14
Pmt & Rate Info
Cap Rate: 5.69
Equity: 695000
Sold Info
Loan Type: Cash
Payment Type: Other
Clsing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession $/%: $
Property Features
Building Type: Other (See Remarks)
Current Use: Retail
Stories: 1 Story
Construction: Stucco; Frame - Wood
Roofing: Comp Shingle
Floors: Concrete; Vinyl; Wood; Ceramic Tile; Carpet
Ceiling Height: 8.1 Feet to 10 Feet
Heating: Natural Gas
Cooling: Window/Wall Unit
Loading Facilities: None
Interior: Finished
Exterior: Corner Lot
Fencing: None
Parking: Free; Private Parking
Electric: APS; Individual Meter
Gas: SW Gas
Water: City Franchise; Individual Meter
Sewer: Sewer - Public
Freeway/Highway: 1.1 - 2 Miles
Railroad: Railroad 1 - 5 Miles
Source of Fincl Data: Provided by Owner
Existing 1st Loan: Treat as Free&Clear
Existing 1st Ln Type: Not Applicable
Existing 1st Ln Trms: Not Applicable
Existing 2nd Loan: Treat as Free&Clear
Existing 2nd Ln Type: Not Applicable
Existing 2nd Ln Trms: Not Applicable
Existing 3rd Loan: Treat as Free&Clear
Existing 3rd Ln Type: Not Applicable
Existing 3rd Ln Trms: Not Applicable
Existing Othr Ln Trm: Not Applicable
Roads/Streets: Asphalt
Traffic Count: Up to 5,000
Reports/Disclosures: None
Use Restrictions: Currently Leased
Environmental: None

Listing Office: Harley Hendricks Realty

Last Updated: September - 23 - 2019

401 W OAK Street, Winslow, AZ 86047 - MLS# 5742268
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

Copyright 2024 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Information Not Guaranteed and Must Be Confirmed by End User. Site contains live data.