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$ 590,000
Est. payment /mo
Active
2502 N Main Street Flagstaff, AZ 86004
1,488 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,488 sqft
Price per Sqft $396
MLS Listing ID 204244
Year Built 1955
Annual Tax Amount $1,422
Tax Year 2025
Property Sub-Type Duplex
Source Northern Arizona Association of REALTORS®
Property Description
This two-unit property is an ideal investment opportunity in the heart of Flagstaff, just over five minutes from both Downtown Flagstaff and Northern Arizona University Campus. The property is also approximately three miles west of the Flagstaff Mall / The Marketplace featuring Home Depot, Harkins Theater, Best Buy, World Market, Old Navy, etc. The Sunnyside neighborhood lies in an incredibly central area in Flagstaff, making it very desirable, resulting in zero vacancy for over 10 years. Fifty percent of the more than 5.5 million tourists that pass through Flagstaff annually indicate that this is their final destination and that they plan to stay an average of three days. Flagstaff is THE booming mountain city of the Southwest. In a recent SmartAsset article, Flagstaff was listed as one of the top 10 hottest second home markets in the nation (the only city listed that was not on the east coast). Flagstaff is a regional destination for rock climbers, mountain bikers, snowboarders, and cross country skiing as well. The Nordic Village sits in the Arizona foothills of the San Francisco Peaks approximately 30 minutes away from the property and offers a great day or weekend escape for regional visitors. There are more than 40 kilometers of trails through the Aspen and Ponderosa forests, all machine groomed for classic or skate skiing and 15 kilometers of marked snowshoe trails. The new owner of this investment property will have a prime opportunity to capitalize on Flagstaff's popularity with a mix of short-term or long-term rental opportunities.
The location in the Sunnyside neighborhood continues to be one of the preferred areas in the city. It is less than three miles from the Northern Arizona University campus and the historic Downtown / San Francisco retail / restaurant corridor leading to Heritage Square in Downtown Flagstaff. In the summer, Heritage Square anchors the downtown area activities with family movie nights, musical events, art walks, and wine tasting strolls. This property is perfectly located at the crossroads to the beautiful Red Rock canyons of Sedona (30 miles south) and the Grand Canyon National Park (82 miles north).
Flagstaff is historically a very supply-constrained market with very little availability. As a result, vacancy in the market is always very low and owners rarely sell. This is, therefore, a rare opportunity to buy a great multifamily property in a fantastic location.
The location in the Sunnyside neighborhood continues to be one of the preferred areas in the city. It is less than three miles from the Northern Arizona University campus and the historic Downtown / San Francisco retail / restaurant corridor leading to Heritage Square in Downtown Flagstaff. In the summer, Heritage Square anchors the downtown area activities with family movie nights, musical events, art walks, and wine tasting strolls. This property is perfectly located at the crossroads to the beautiful Red Rock canyons of Sedona (30 miles south) and the Grand Canyon National Park (82 miles north).
Flagstaff is historically a very supply-constrained market with very little availability. As a result, vacancy in the market is always very low and owners rarely sell. This is, therefore, a rare opportunity to buy a great multifamily property in a fantastic location.
Location
State AZ
County Coconino
Area 400 - Sunnyside
Direction North on Main St. from Rte. 66 to the property at the northeast corner of Main St. and Colanthe Ave.
Interior
Heating Central
Exterior
Utilities Available Sewer Connected, Indiv Metered, Natural Gas Available
Others
Tax ID 10909050
Acceptable Financing Cash, OMC w/Balloon, Conventional, Owner May Carry, Submit
Listing Terms Cash, OMC w/Balloon, Conventional, Owner May Carry, Submit
Listed by ABI Multifamily
Nearby Locations
