22430 W Old Highway 66, Seligman, AZ 86337 (MLS# 180223)

22430 W Old Highway 66
Seligman, AZ 86337
MLS# 180223
8439 sqft

Property Description
Well established Route 66 Hotel in Seligman AZ. 30 rooms plus owner living quarters. Excellent location and even better visibility. Rooms vary from 1 to 2 beds, have refrigerators, microwaves, televisions, wifi, and direct tv. Most rooms have been newly renovated. Paved parking area. Sidewalks all through this part of town. Guaranteed income from OYO hotel management (ask listing agent for details). Low expenses keep this property a cash producing business. Save the bank fees and take advantage of the available owner financing with 50% down and 8.5% interest. Term is negotiable. Seligman AZ is a tourist attraction in itself, plus close to famous landmarks such as the Grand Canyon. Flagstaff is an hour away on I-40 and Kingman is about the same distance.

Contract Info
List Price: $795,000
Current Price: $795,000
List Price/SqFt: 94.21
Property Sub-Type: Other/Misc
List Date: 2020-01-23
Location, Tax & Legal
County: Yavapai
Region: 1 - Other Area
Area: 35 - Seligman
APN: 301-26-105
Street #: 22430
Direction: W
Street Name: Old Highway 66
City/Town Code: Seligman
State/Province: AZ
Zip Code: 86337
Taxes: 5365
Tax Year: 2019
Geo Lat: 35.327105
Geo Lon: -112.876329
Key Words
Sale/Rent: sale
Net Op Inc: $100,000 - 499,999
Cap Rate: 14+%
Down Payment: Submit
Imprv Sz (Gross SF): 5,000 - 11,999
#Tenants/Units: 20 - 49
Land Size: 0 - .4 AC
Trade/Exchange: Not Applicable
General Property Description
Approx SqFt: 8439
Remarks & Misc
Directions: From Interstate 40 take exit 121 or 123 into the Town of Seligman. Hotel will be on the north side of the road almost in the center of town.
Status Change Info
Status: Active
Terms of Sale
Other: conventional
Other: Guaranteed Rent
Docs on File
Other: Lease Agree
Property Features
Terms of Sale: Cash; OMC w/Balloon; Submit
Interior Amenities: Laundry; Living Qtrs.
Management: Manager; Mgmt. Co.; Owner
Construction: One Story; Two Story
Roof: Asphalt Shingle
Heating/Cooling: Indiv AC Units
Utilities: Electric; Natural Gas; Private Water Co
Possession: Immediate