50 SOMBART Lane, Sedona, AZ 86336

$3,740,000
Property Type: Multiple Dwellings Status: UCB (Under Contract-Backups)
Current Price: $3,740,000 Last Modified: 9/29/2025

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.

More Information MLS# 6925965

Contract Info

Ownership: Fee Simple Current Price: $3,740,000 List Price: $3,740,000 Status: UCB (Under Contract-Backups) List Date: 2025-09-28

Location, Tax & Legal

Assessor's Map #: 22 Legal Description (Abbrev): SIXTEENTH: SE QUARTER: NE SECTION: 18 TOWNSHIP: 17N RANGE: 06E BEG AT PNT LYNG S 301' & N 79DEG29MIN Assessor's Parcel #: 1 Assessor Parcel Ltr: J Add'l Parcels: No Tax Municipality: Sedona Census Tract: 1600 Taxes: 9687 Legal: SIXTEENTH: SE QUARTER: NE SECTION: 18 TOWNSHIP: 17N RANGE: 06E BEG AT PNT LYNG S 301' & N 79DEG29MIN Marketing Name: Sedona Terrace Apts 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

# of Buildings: 2 Uncvrd Parking Spcs: 31 Lot Size Dimensions: 380.61 x 202.44 x 103.42 x 118 x 125 x 50.43 Flood Zone: TBD Total # of Units: 15 Elementary School District: Coconino County Accommodation School District Year Built: 1971 Zoning: C-1

Legal Info

Range: 06E Section: 18 Township: 17N Lot Number: 1J

Project Type

13 - 24 Units: 1

Construction

Wood Frame: 1

Const - Finish

Siding: 1

Roofing

Composition: 1

Floors

Vinyl: 1 Carpet: 1 Other: 1

Sale Includes

Land & Building: 1 Laundry Equipment: 1

Income & Expenses

Owner Association: No Annual Ownr Asoc Fee: 0 Operating Exp: 9687 Other Income: 7088.12 Vacancy Allowance: 0 Adjusted Gross Inc: 197853.12

Pmt & Rate Info

Cap Rate: 2.61 Equity: 3740000 Down Payment %: 0 Monthly Payments: 0 Total Owed: 0

Showing Notification Methods

Showing Service: Aligned Showings Text: 1 Email: 1 Phone Call: 1

Lockbox Type

None: 1

Community Features

No Pool: 1 See Remarks: 1

Heating

Electric: 1

Cooling

Electric: 1

Tenant Pays

Electricity: 1

Appliances Included

Free-Standing Electric Oven: 1 Refrigerator: 1 Dishwasher: 1 Washer/Dryer: 1

Source of Fincl Data

Owner: 1

Water Source

Private: 1

Sewer

Sewer - Public: 1

Parking Features

Free: 1 >1 Space Per Unit: 1

Electric

APS: 1

Gas

Unisource: 1

Owner Pays

Water: 1 Sewer: 1 Gas: 1 Trash Collection: 1 Cable TV: 1

New Financing

Cash: 1 Conventional: 1

Reports/Disclosures

None: 1

Environmental

None: 1

Efficiency Units

Avg Rent: 0

1 Bedroom Units

# 1 Bedroom Units: 4 Avg Rent: 1150 Avg SqFt: 650 # Baths: 1

2 Bedroom Units

# 2 Bedroom Units: 11 Avg Rent: 1295 Avg SqFt: 1000 # Baths: 1

3 Bedrooms Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

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

Income Expenses

Gross Annual Sch Inc: 190765 Net Operating Income: 97655.73

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 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
Listing Office: Coldwell Banker Realty
IDX
Last Updated: September - 29 - 2025
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