8 unit apartment building in downtown Williams, AZ the Gateway to the Grand Canyon. Perfect location near historic Route 66 with the Library and Post Office across the street. Units are all fully occupied with a waiting list of tenants. Remodel just completed in 2020. All units are metered separately. Community laundry on site generating additional income, courtyard and 10 designated parking spaces plus on street parking. Fully stabilized with upside rental growth. Owner is a licensed real estate agent in the state of Arizona.
Off market
$550,098
118 E Grant Ave, Williams, AZ 86046
--beds
0baths
5,180sqft
MultiFamily
Built in 1958
-- sqft lot
$-- Zestimate®
$106/sqft
$1,693 Estimated rent
Owner options
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Heating
- Forced air, Gas
Cooling
- Central
Appliances
- Included: Dishwasher, Refrigerator
Features
- Has fireplace: Yes
Interior area
- Total interior livable area: 5,180 sqft
Property
Features
- Exterior features: Wood
Lot
- Size: 7,100 sqft
Details
- Parcel number: 20110005
Construction
Type & style
- Home type: MultiFamily
Materials
- steel
- Roof: Asphalt
Condition
- Year built: 1958
Utilities & green energy
- Utilities for property: Electric, Sewer, Telephone, City Water, Natural Gas, Indiv. Metered
Community & neighborhood
Community
- Community features: On Site Laundry Available
Location
- Region: Williams
Other
Other facts
- Construction: Frame - Wood, Masonry
- Exterior Amenities: Fenced, Landscaped, Porch/Patio, Laundry Room
- Heat/Cooling: Electricity, Natural Gas, Central Heating
- Interior Amenities: Smoke/Heat Det., Carpet/Tile, Wood Floors, Refrigerators, Dishwashers, Range/Ovens, Laundry Area, Fireplaces/WBS
- Roof: Asphalt Shingle
- Utilities: Electric, Sewer, Telephone, City Water, Natural Gas, Indiv. Metered
- Lot Street Imprvmnts: Curb/Gutters, Paved Street, Street Parking, Alley, Sidewalks, Paved Parking
- Net Op Inc: 999, $50, 000 - 99
- Imprv Sz (Gross SF): 999, 3, 000 - 5
- Contingent: Pending - Take Backup
- Sale/Rent: For Sale
- Land Size: 000 SF, 6, 001 - 12
- Leases: Month to Month, 1 Year +
- Property Sub-Type: Duplex, Triplex, 4-Plex, 8-Plex
- Management: Owner/Family
- Down Payment: Submit
- # Units: 5 - 8
- Vacancy %: 0%
- Cap Rate: 10 - 10.9%
- Region: 90 - Williams Area
- Util incld in Rent: Trash Collection
- Inc/Exp (Annual): Seller Prop Disc St
- Potential Terms: Cash