Views - Golf Course
Address
70 Bell Rock Boulevard, Sedona, AZ
Price
$ 4,500,000
Property Attributes
- MLS#6584083
- TypeMulti-Family
- CountyYAVAPAI
- CitySedona
- Zip86351
- StyleMultiple Dwellings
- Year Built1974
- Taxes$ 8518
- Price$ 4,500,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
Data Source:
Arizona Regional MLS (ARMLSN)
Property Description
Bell Rock Villas consists of 10 apartment units in an amazing location in Sedona. This particular area of Sedona is a serene, golf-courseheavy area referred to as the Village of Oak Creek. This area is quieter than Uptown and feels like a desert oasis with beautiful red rocks and sandstone buttes clearly visible in all directions. It is also a certified ''International Dark Sky Place'' and has access to Red Rock State Park along with 4 golf courses close by. The property itself looks north with amazing views of red rocks / buttes right in the background. Bell Rock Villas is made up of 10, individually parceled ''condo'' units so they could be sold off separately at some point if desired. The property has a great unit mix with (5) one-bedroom / one-bathroom units and (5) two-bedroom / one-bathroom units. Each unit i very spacious, averaging over 900 square feet for the one-bedrooms and over 1,000 square feet for the two-bedroom units. The bottom floor units each have a large outdoor yard space and the upstairs units have private balconies looking out to amazing views. They all have been upgraded over time with interior washer / dryers, granite countertops, newer fixtures, etc. The area is extremely popular with short-term rentals and converting these units to vacation rentals would be worth considering in an effort to increase revenue. Additional value-add opportunities exist through taking the interiors to the next level as well as updating the exterior aesthetic. This extremely supply-constrained market helps to keep these units consistently fully occupied. Sedona is an Arizona desert town near Flagstaff that's surrounded by red-rock buttes, steep canyon walls, and pine forests. It's noted for its mild climate and vibrant arts community. Uptown Sedona is dense with New Age shops, spas, and art galleries. On the town's outskirts, numerous trailheads access Red Rock State Park, which offers bird-watching, hiking, and picnicking spots. Sedona is absolutely a vacation destination in its own right, but is also a fantastic home base to visit all of what northern Arizona has to offer. From Sedona jeep tours, hiking, Slide Rock, and Oak Creek Canyon to spiritual healing, massages, psychic readings and energy vortexes, Sedona will have your senses buzzing for days! Sedona has become a mecca for all sorts of communities: spiritual healers, mountain bikers, hikers, artists, nature photographers, and even filmmakers. This vibrant and stunning area of Arizona's ability to attract and accommodate so many walks of life has created and nurtured an eclectic, unique culture unlike anywhere you've ever experienced. Sedona is truly one of a kind, and visiting Sedona is on the bucket lists of travelers the world over. Properties like this do not come on the market often, as there are a very limited number of properties in Sedona that trade each year.
| Price History | |
|---|---|
| 7/24/2023 | Listed $4,500,000 |
General Features
| Additional Parcels Y/N | Yes |
|---|---|
| Cap Rate | 3.94 |
| Carport Y/N | No |
| City | Sedona |
| Community Features | Other |
| Construction Materials | See Remarks, Painted |
| County | Yavapai |
| Days on Market | 60 |
| Disclosures | Other (See Remarks) |
| Electric | Other (See Remarks) |
| Elementary School District | Sedona-Oak Creek Joint Unified District |
| Garage Y/N | No |
| Gross Income | 226290.0 |
| Heating | Other |
| High School District | Sedona-Oak Creek Joint Unified District |
| Lease Considered Y/N | No |
| Lease Renewal Y/N | No |
| Lot Size Square Feet | 0.0 |
| Mobilehomeremainsyn | No |
| Net Operating Income | 177235.0 |
| Open Parking Spaces | 0.0 |
| Operating Expense | 8788.0 |
| Ownerpays | Other, Trash Collection, Water, Sewer, Landscaping |
| Ownership | Other (See Remarks) |
| Property Type | Multiple Dwellings |
| Rent Control Y/N | No |
| Roof | See Remarks |
| Sewer | Public Sewer |
| Standard Status | Active |
| Status | Active |
| Street Name | Bell Rock |
| Tax Annual Amount | 8518.0 |
| Tax Lot | na |
| Tax Year | 2022 |
| Tenant Pays | See Remarks, Electricity |
| Total Units | 10 |
| View Y/N | No |
| Year Built | 1974 |
| Zoning | R2-2 |
Interior Features
| Air Conditioning Y/N | No |
|---|---|
| Electric On Property Y/N | No |
| Heating Y/N | Yes |
| Street Suffix | Boulevard |
Exterior Features
| Buyer Agent Compensation | 2.50 |
|---|---|
| Buyer Agent Compensation Type | % |
| Covered Spaces | 0.0 |
| Crops Included Y/N | No |
| Irrigation Water Rights Y/N | No |
| Lot Dimensions | na |
| Lot Size Acres | 0.0 |
| Lot Size Area | 0.0 |
| Number of Buildings | 1 |
| Open Parking Y/N | No |
| Parking Features | Other (See Remarks) |
| Road Surface Type | Asphalt |
| Spa | No |
| Total Parking | 0.0 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 86351
Price
Taxes
Visits
Year Built
Walkscore
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