Chimney Rock - Multi-Family FOR SALE


Sedona, AZ 86336
$6,450,000 USD
928-295-2725
Chimney Rock, Sedona, AZ for Sale
$6,450,000 USD
Multi-Family - FOR SALE
1/91
null | 5.86% Cap Rate

Chimney Rock
Sedona, AZ 86336


HIGHLIGHTS

  • 4 acres fully fenced with three separate parcels (each parcel can be split with no subdivision report required)
  • Sedona! One of a kind property. Multi-parcel properties like this are non-existent
  • An amazing estate currently operating as short-term vacation rental business

OVERVIEW

SEDONA! AMAZING VIEWS! Generating substantial income as vacations rentals! 4 residences on this 4 acre estate entirely secured by 6 foot parameter fence and electric gates. Privacy, location and large estate with these amenities almost never becomes available. All four residences are currently being rented as short term vacation rentals generating $40,000+ monthly revenue. Horse Coral - horses allowed. NO HOA - Airbnb /VRBO / short term rentals / wedding venue / yoga retreats / corporate events. Currently zoned as three separate parcels. There is plenty of room to expand / split lots. Each of the three separate parcels can be split into additional parcels. Currently: 4 homes on three separate parcels with additional outbuildings, walking paths throughout the property, horse coral, stables, caretakers quarters, greenhouse, all bordering Oak Creek. Main home is 3966 square feet Frank Lloyd Wright style. Pool house is 1585 square feet two-story "octagon" home. Guest house is 864 square feet and fully renovated. Barn loft is 600 square feet and fully furnished as a vacation rental. Onsite Well provides water to the entire property. City water available at the property for easy connection if desired. Amazing opportunity to own an income producing private estate in beautiful Sedona, Arizona.

FOR SALE DETAILS

PRICE

$6,450,000 USD

PRICE/SF

$1,005 USD /SF

# OF UNITS

4

PRICE/UNIT

$1,612,500

CAP RATE

5.86%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

4 acre gated estate

PROPERTY TYPE

Multi-Family

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1969

PARKING SPACES

-

LAND DETAILS

LAND ACRES

4 AC

LAND SF

174,240 SF

ZONING

RS-18

APN/PARCEL ID

408-14-016

ASK ABOUT THIS PROPERTY

Jeff GrossASF MortgageMore Info
928-295-2725

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Jeff GrossASF MortgageMore Info
928-295-2725

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.