Sedona, AZ 86336,225 Oak Creek Blvd Blvd
Sedona, AZ 86336,225 Oak Creek Blvd Blvd
Sedona, AZ 86336,225 Oak Creek Blvd Blvd
12
$900,000
Est.Price: ?

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5,680 SqFt

225 Oak Creek Blvd Blvd Sedona, AZ 86336

Est. payment /mo
SOLD DATE : 06/30/2022

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Key Details

Sold Price $900,000

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 5,680 sqft

Price per Sqft $158

Subdivision Oc Development

MLS Listing ID 528743

Sold Date 06/30/22

Style Modular

HOA Y/N true

Originating Board Sedona Verde Valley Association of REALTORS®

Year Built 1973

Annual Tax Amount $1,815

Lot Size 0.490 Acres

Acres 0.49

Lot Dimensions 170 x 125

Property Description

The park has 7 park owned mobile homes and a laundry room with 2 washers and 2 dryers. The prior owner, local contractor Gail Herrick, bought the park in 1993. In 1997 he renovated the park, replaced 5 mobile homes (1982-1991), restored the original 1973 2br, 2 ba unit and added decks, awnings, porches, sidewalks, curbing, landscaping and paved parking. He added new underground utilities including water, natural gas and electric and connected the park to city sewer. He managed the park himself. The present owner manages the park from Scottsdale. The park expects to gross $103,422 in 2022. With expected annual expenses of $31,941, the NOI is projected to be $71,481. See ''Documents''. The current cap rate is approximately 7.52%.

Location

State AZ

County Yavapai

Community Oc Development

Direction From 89A in West Sedona, go south on Oak Creek Blvd (on west side of automated car wash) 1/4 mile to #225 on right.

Interior

Interior Features Ceiling Fan(s)

Heating Forced Air, Electric, Forced Gas

Cooling Evaporative Cooling, Individual AC

Building

Architectural Style Modular

Others

Tax ID 40826048

Acceptable Financing 1031 Exchange, Cash

Listing Terms 1031 Exchange, Cash

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