50 SOMBART Lane, Sedona, AZ 86336 - MLS #6925965

images$3,550,000 images******** Beds

images******** Bath images1971

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Description

RARE find in Sedona's tourist district. 15 unit apartment building with no vacancies located adjacent to Hillside Shopping Center and close to Tlaquepaque and uptown. 1.38 acres with 179 frontage allows room to expand. Red rock views include Elephant Rock, Cathedral Rock and Broken Arrow. Marg's Draw trailhead is easily accessible as it is only 1/10th of a mile down Sombart Lane. The complex features an Arizona turquoise exterior that blends perfectly with Sedona's natural Red Rock surroundings. The covered, paved gazebo offers an inviting space where residents can relax, gather for cookouts, and enjoy a sense of community. The laundry room allows for additional income. Zoned for apartments, no short-term rentals.

Property Features
Project Type: 13 - 24 Units
Construction: Wood Frame
Const - Finish: Siding
Roofing: Composition
Floors: Vinyl; Carpet; Other
Sale Includes: Land & Building; Laundry Equipment
Community Features: No Pool; See Remarks
Appliances Included: Free-Standing Electric Oven; Refrigerator; Dishwasher; Washer/Dryer
Cooling: Electric
Water Source: Private
Sewer: Sewer - Public
Electric: APS
Gas: Unisource
Parking Features: >1 Space Per Unit; Free
Road Surface Type: Asphalt
Owner Pays: Water; Gas; Trash Collection; Cable TV
Tenant Pays: Electricity
Source of Fincl Data: Owner
Showing Notification Methods: Text; Email; Phone Call
Lockbox Type: None
New Financing: Cash; Conventional
Environmental: None
Contract Info
Current Price: $3,550,000
Sold Price: $3,550,000
Status: Closed
List Date: 2025-09-28
Ownership: Fee Simple
Location Tax Legal
House Number: 50
Street Name: SOMBART
St Suffix: Lane
City/Town Code: Sedona
State/Province: AZ
Zip Code: 86336
County Code: Coconino
Subdivision: Commercial Only
Assessor Number: 401-22-001-J
Tax Year: 2024
General Property Description
Lot Size Dimensions: 380.61 x 202.44 x 103.42 x 118 x 125 x 50.43
Year Built: 1971
Uncvrd Parking Spcs: 31
Total # of Units: 15
# of Buildings: 2
Zoning: C-1
Flood Zone: TBD
Elementary School District: Coconino County Accommodation School District
Remarks Misc
Directions: State Route 179 to E on Sombart Ln to apartment complex on the right.
Geo Lat: 34.857843
Geo Lon: -111.762953
Status Change Info
Off Market Date: 2025-12-17
Under Contract Date: 2025-09-28
Close of Escrow Date: 2025-12-19
Sold Price: $3,550,000
Legal Info
Township: 17N
Range: 06E
Section: 18
Lot Number: 1J
Income Expenses
Gross Annual Sch Inc: 190765
Net Operating Income: 97655.73
Showing Notification Methods
Showing Service: Aligned Showings
1 Bedroom Units
# 1 Bedroom Units: 4
Avg Rent: 1150
Avg SqFt: 650
# Baths: 4
2 Bedroom Units
# 2 Bedroom Units: 11
Avg Rent: 1295
Avg SqFt: 1000
# Baths: 12
Sold Info
Loan Type: Cash
Payment Type: Other
Closing Cost Split: Normal - N
Buyer Concession $/%: $
Seller Concession to Buyer: 75000
Seller Concession $/%: $