Chimney Rock - 4 acre gated estate
4 Unit Apartment Building Offered at $6,450,000 at a 5.86% Cap Rate in Sedona, AZ 86336
INVESTMENT HIGHLIGHTS
- 4 acres fully fenced with three separate parcels (each parcel can be split with no subdivision report required)
- An amazing estate currently operating as short-term vacation rental business
- Sedona! One of a kind property. Multi-parcel properties like this are non-existent
EXECUTIVE SUMMARY
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.
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.
FINANCIAL SUMMARY (PRO FORMA - 2023) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$408,620
|
$63.70
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$408,620
|
$63.70
|
| Taxes |
$16,622
|
$2.59
|
| Operating Expenses |
$28,495
|
$4.44
|
| Total Expenses |
$45,117
|
$7.03
|
| Net Operating Income |
$363,503
|
$56.66
|
PROPERTY FACTS
SITE AMENITIES
- Pool
ZONING
| Zoning Code | RS-18 (single family; multiple lot splits allowed (call listing agent for details) NO HOA) |
