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1923 W Second St

3 Unit Apartment Building Offered at $449,900 in Winslow, AZ 86047

Investment Highlights

  • Detached single level home and duplex.
  • Undeveloped land and potential lot split.
  • Secure fenced storage yard with 2 large storage buildings and space for RV's, boats, vehicles, etc.

Executive Summary

Price reduced and Seller says sell it NOW! Excellent investment opportunity and SELLER FINANCING for this mixed use property situated on a 1.03 acre lot. Zoned Industrial District/Route 66 Overlay the property generates strong income with the current residential uses. Also included is a secure fenced area with 2 large storage structures, a travel trailer and plenty of room for RV's, boats, vehicles and other stored items. There is a 30' easement for ingress and egress across the property to the east. This provides easy access to the gated rear storage area and buildings. In addition, the east 1/2 of the property is undeveloped and ready for your creative new uses. There also may be potential to split the lot. Excellent investment opportunity and SELLER FINANCING for this mixed use property situated on a 1.03 acre lot. Zoned Industrial District/Route 66 Overlay the property generates strong income with the current residential uses.
Also included is a secure fenced area with 2 large storage structures, a travel trailer and plenty of room for RV's, boats, vehicles and other stored items. There is a 30' easement for ingress and egress across the property to the east. This provides easy access to the gated rear storage area and buildings. In addition, the east 1/2 of the property is undeveloped and ready for your creative new uses. There also may be potential to split the lot.
There are 3 separate residences including a historic single level adobe house with 3 bedrooms, 1 1/2 baths and a private fenced yard. In addition there is a single level duplex with a 3 bedroom, 1 1/2 bath apartment and a 2 bedroom, 1 bath apartment. All units include laundry hook-ups.
A variety of uses are permitted including scientific research, manufacturing, compounding, assembling, processing, treatment, manufacturing and wholesale operations. Also allowed are schools - public and private, day care centers, modular/manufactured dwelling units, and multifamily dwelling units, including apartments and/or condominiums. The Route 66 overlay also states "within the Industrial zone, all listed permitted uses subject to the property development standards in the R1-12, R1-7, R-2 and MFR zones shall be permitted'. Contact the City of Winslow Community Development for additional information and inquire about the possibility for a LOT SPLIT.
This is a convenient location in Winslow close to transportation, shopping and schools. Winslow has a solid employment base with the BNSF Railway, Historic La Posada Hotel, Winslow Indian Health Care Center, Twin Arrows Casino, Winslow Memorial Hospital and one of the largest Arizona wind farms nearby.
This is a unique mixed-use property that offers a perfect investment opportunity with its versatile zoning and income generating potential. OWNER CARRYBACK FINANCING is available for a qualified Buyer and avoids lender fees, other potential hurdles and expenses. Time to get your kicks on Old Route 66.

Property Facts

Price $449,900
Price Per Unit $149,967
Sale Type Investment
No. Units 3
Property Type Multifamily
Apartment Style Garden
Lot Size 1.03 AC
Building Size 2,086 SF
Average Occupancy 100%
No. Stories 1
Year Built 1944

Unit Amenities

  • Washer/Dryer Hookup
  • Heating
  • Kitchen
  • Refrigerator
  • Tub/Shower

Site Amenities

  • Fenced Lot
  • Storage Space

zoning

Zoning Code Industrial/Rt 66 Overlay (Multifamily, manufacturing, compounding, assembling, processing, treatment, manufacturing and wholesale and many more. Check with City of Winslow.)
Industrial/Rt 66 Overlay (Multifamily, manufacturing, compounding, assembling, processing, treatment, manufacturing and wholesale and many more. Check with City of Winslow.)
  • Listing ID: 31460670

  • Date on Market: 4/9/2024

  • Last Updated:

  • Address: 1923 W Second St, Winslow, AZ 86047

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