Fourplex with Red Rock
New
For Sale
$699,000
115 Sugarloaf Street, Sedona, AZ 86351
Each building contains four two-bedroom, two-bath apartments with parking in front.
Property Size3,605 SF
Days on Market5
Property Features for 115 Sugarloaf Street
General Information
Standard status
Active
Size
3,605 SF
Property subtype
Multi Family
Taxes and HOA fees
Annual Taxes
$2,283
Building Details
Building Size
3,605 SF
Year Built
1973
Listing Agency:
Best Flagstaff Homes Realty
Listed By:
Nicola Sarn · License #SA701905000
(928) 607-6102
Source:
Adobegr
Added: Oct 5
Changed: Oct 7
Last Checked: Oct 7 at 2:22PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Best Flagstaff Homes Realty
Investment Insights
Based on property information with market context.
The offering includes two fourplexes at 115 and 125 Sugarloaf Street, built in 1973. Each building has four two-bedroom, two-bath units, with generously sized bedrooms and closets. Flooring includes terracotta tile, carpet, and linoleum, and parking is located in front. Red rock views are available from areas throughout the property.
The properties are within walking distance of restaurants, grocery stores, and hiking trails. They may be purchased separately or together. Both buildings have maintained consistent occupancy and a rental history; the reported cap rate is approximately 7.
The properties are within walking distance of restaurants, grocery stores, and hiking trails. They may be purchased separately or together. Both buildings have maintained consistent occupancy and a rental history; the reported cap rate is approximately 7.
Key Highlights
- Two fourplexes, at 115 and 125 Sugarloaf Street
- Each building has four 2‑bedroom, 2‑bath units
- Built in 1973
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,274
Cap Rate
5.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$825,480
$825.5K
Cap Rate 7%
$589,629
$589.6K
Cap Rate 9%
$458,600
$458.6K
Market Conditions
NOI Build-Up for 3,605 SF
Gross rent
$62.7K $17.40/SF
− Vacancy
−$3.8K −$1.04/SF
EGI
$59.0K $16.36/SF
− OpEx
−$17.7K −$4.91/SF
NOI
$41.3K $11.45/SF
Area
Yavapai County, AZ
Vacancy
6.00%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$825,480
Cap Rate 7%
$589,629
Cap Rate 9%
$458,600
Alternative Uses
Best Use
Multifamily LT 5
$589.6K
$515.9K – $687.9K
NOI $41,274 @ 7.0% cap · market cap 5.90%
Second Best
Apartment 5plus
$548.9K
$480.3K – $640.4K
NOI $38,426 @ 7.0% cap · market cap 5.50%
Theoretical Best
Warehouse
$1.21M
$1.06M – $1.41M
NOI $84,537 @ 7.0% cap · market cap 12.09%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
623
Businesses Nearby
Explore this area
Business Placement
Demographics for 86351, AZ
6,398
Population
4,680
Households
1.4
Avg Household Size
65
Median Age
49%
College-Educated
95%
High-School Grad
40.0 sq mi
ZIP Area
160
Density / Sq Mi
$80,304
Median Household Income
$36,261
Median Earnings
$1,640
Median Rent
$658,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
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Frequently Asked Questions
What type of property is this?
Quadplex - Each building contains four two-bedroom, two-bath apartments with parking in front.
Where is this quadplex located?
The property is located at 115 Sugarloaf Street Sedona, AZ.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Two fourplexes, at 115 and 125 Sugarloaf Street; Each building has four 2‑bedroom, 2‑bath units; Built in 1973
