$3,740,000
Sedona, AZ 86336
MLS# 6925965
Status: Pending
1 / 15
Property Description
RARE find in Sedona's tourist district. 15 unit apartment building with no vacancies located adjacent to Hillside Shopping Center and close to Tlaquepaque and uptown. 1.38 acres with 179 frontage allows room to expand. Red rock views include Elephant Rock, Cathedral Rock and Broken Arrow. Marg's Draw trailhead is easily accessible as it is only 1/10th of a mile down Sombart Lane. The complex features an Arizona turquoise exterior that blends perfectly with Sedona's natural Red Rock surroundings. The covered, paved gazebo offers an inviting space where residents can relax, gather for cookouts, and enjoy a sense of community. The laundry room allows for additional income. Zoned for apartments, no short-term rentals.
Details
Maps
Contract Info
Ownership: Fee Simple
Current Price: $3,740,000
List Price: $3,740,000
Status: Pending
List Date: 2025-09-28
Location, Tax & Legal
Assessor's Map #: 22
Legal Description (Abbrev): SIXTEENTH: SE QUARTER: NE SECTION: 18 TOWNSHIP: 17N RANGE: 06E BEG AT PNT LYNG S 301' & N 79DEG29MIN
Assessor's Parcel #: 1
Assessor Parcel Ltr: J
Add'l Parcels: No
Tax Municipality: Sedona
Census Tract: 1600
Taxes: 9687
Legal: SIXTEENTH: SE QUARTER: NE SECTION: 18 TOWNSHIP: 17N RANGE: 06E BEG AT PNT LYNG S 301' & N 79DEG29MIN
Marketing Name: Sedona Terrace Apts
House Number: 50
Street Name: SOMBART
St Suffix: Lane
City/Town Code: Sedona
State/Province: AZ
Zip Code: 86336
County Code: Coconino
Subdivision: Commercial Only
Assessor Number: 401-22-001-J
Tax Year: 2024
General Property Description
# of Buildings: 2
Uncvrd Parking Spcs: 31
Lot Size Dimensions: 380.61 x 202.44 x 103.42 x 118 x 125 x 50.43
Flood Zone: TBD
Total # of Units: 15
Elementary School District: Coconino County Accommodation School District
Year Built: 1971
Zoning: C-1
Legal Info
Range: 06E
Section: 18
Township: 17N
Lot Number: 1J
Project Type
13 - 24 Units: 1
Construction
Wood Frame: 1
Const - Finish
Siding: 1
Roofing
Composition: 1
Floors
Vinyl: 1
Carpet: 1
Other: 1
Sale Includes
Land & Building: 1
Laundry Equipment: 1
Income & Expenses
Owner Association: No
Annual Ownr Asoc Fee: 0
Operating Exp: 9687
Other Income: 7088.12
Vacancy Allowance: 0
Adjusted Gross Inc: 197853.12
Pmt & Rate Info
Cap Rate: 2.61
Equity: 3740000
Down Payment %: 0
Monthly Payments: 0
Total Owed: 0
Showing Notification Methods
Showing Service: Aligned Showings
Text: 1
Email: 1
Phone Call: 1
Lockbox Type
None: 1
Community Features
No Pool: 1
See Remarks: 1
Heating
Electric: 1
Cooling
Electric: 1
Tenant Pays
Electricity: 1
Appliances Included
Dishwasher: 1
Free-Standing Electric Oven: 1
Refrigerator: 1
Washer/Dryer: 1
Road Surface Type
Asphalt: 1
Source of Fincl Data
Owner: 1
Water Source
Private: 1
Sewer
Sewer - Public: 1
Parking Features
Free: 1
>1 Space Per Unit: 1
Electric
APS: 1
Gas
Unisource: 1
Owner Pays
Water: 1
Sewer: 1
Gas: 1
Trash Collection: 1
Cable TV: 1
New Financing
Cash: 1
Conventional: 1
Reports/Disclosures
None: 1
Environmental
None: 1
Efficiency Units
Avg Rent: 0
1 Bedroom Units
# 1 Bedroom Units: 4
Avg Rent: 1150
Avg SqFt: 650
# Baths: 4
2 Bedroom Units
# 2 Bedroom Units: 11
Avg Rent: 1295
Avg SqFt: 1000
# Baths: 12
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Remarks Misc
Directions: State Route 179 to E on Sombart Ln to apartment complex on the right.
Geo Lat: 34.857843
Geo Lon: -111.762953
Status Change Info
Off Market Date: 2025-12-06
Under Contract Date: 2025-09-29
Income Expenses
Gross Annual Sch Inc: 190765
Net Operating Income: 97655.73
Property Features
Project Type: 13 - 24 Units
Construction: Wood Frame
Const - Finish: Siding
Roofing: Composition
Floors: Vinyl; Carpet; Other
Sale Includes: Land & Building; Laundry Equipment
Community Features: No Pool; See Remarks
Appliances Included: Free-Standing Electric Oven; Refrigerator; Dishwasher; Washer/Dryer
Cooling: Electric
Water Source: Private
Sewer: Sewer - Public
Electric: APS
Gas: Unisource
Parking Features: >1 Space Per Unit; Free
Road Surface Type: Asphalt
Owner Pays: Water; Gas; Trash Collection; Cable TV
Tenant Pays: Electricity
Source of Fincl Data: Owner
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
New Financing: Cash; Conventional
Environmental: None
Listing Office: Coldwell Banker Realty
Last Updated: December - 06 - 2025
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