817 Humphreys StFlagstaff, AZ 86001

Property Details for 817 Humphreys St

Year built

1947

Lot size

0.16 AC

Property size (Sq ft)

2,690 SF

Property type

Mixed-use properties

Property subtype

Other mixed-use properties

Description

This exceptional mixed-use property, located in the heart of Downtown Flagstaff, Arizona, presents a unique investment opportunity. The 2,690 square foot building, constructed in 1947 and extensively renovated in 2022, sits on a 0.16-acre lot and boasts three separate units. The main building comprises a 420 square foot commercial space, previously used as a salon, business suite, and gym, offering versatile options for future tenants. A charming 1,478 square foot, four-bedroom, one-and-a-half-bathroom home provides ample living space. A detached 792 square foot studio, tastefully finished with a wood stove and a three-quarter bathroom, adds further rental potential. The property includes three parking spaces and is zoned Community Commercial, allowing for a variety of uses. High visibility ensures strong appeal to both locals and tourists. This well-maintained property offers an ideal "live, work, play" scenario, perfect for investors seeking a blend of residential and commercial income. Seller financing is available with a 30% down payment, a fixed 7.5% annual interest rate, amortized over 20 years, and a balloon payment due after three years. The property's address is 817 N Humphreys St, Flagstaff, AZ 86001, and its APN is 101-03-013.

Location Insight

City

Flagstaff

County

Coconino

State

Arizona

Latitude

35.2063

Longitude

-111.648

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