NOT LISTED FOR SALE

402 E Route 66 Williams, AZ 86046

Estimated Value: $1,015,924

Studio
-- Bath
4,000 Sq Ft
$254/Sq Ft Est. Value

Last Sold June 21, 2024

Last sale price $1,000,000 $250 Per Sq Ft

Est. 2% increase in value since last sale

Current estimated payment $6,041/month

127 Days on Market

Highlights

  • Cooling Available
  • Partially Fenced Property
  • Multiple Heating Units
  • Ceramic Tile Flooring

About This Home

As of June 2024

Exceptional Business Opportunity in the Heart of Williams!Unlock your potential as a business owner with this prime property featuring 5 Airbnb units, with the ability to expand to 8 units, and potentially even 9! Nestled on the bustling main drag in Williams, this building offers 2-bedroom units, each equipped with a full kitchen and washer/dryer—perfect for extended stays. Immerse yourself in the lively atmosphere of Williams, and enjoy the convenience of witnessing parades from the comfort of your own room. Designed for maximum comfort, each unit boasts full bathrooms, accommodating 6 to 8 people. The versatility of the space allows for creative conversions, with two units spacious enough to be easily split into two. Upstairs, a generous open space awaits transformation into additional rental space, presenting the prospect of a total of 9 lucrative units.

Capitalizing on the strategic location, renting each unit at $285.00 per night promises a substantial income. With the potential to achieve a 5% CAP rate, this investment opportunity is further bolstered by Williams' status as the Gateway to the Grand Canyon, drawing in 6 million visitors annually. Benefit from the town's proactive support for local businesses, as Williams thrives on catering to the tourism industry.

Join the vibrant community of Williams, where dreams are big, and opportunities are rare. Seize this chance to acquire a property in a town where real estate is seldom available. Act now and become a part of this dynamic, growing community, surrounded by new breweries, restaurants, and local shops tailored exclusively for the thriving tourism market. Don't miss out on this unique investment in the Gateway to the Grand Canyon!

Last Agent to Sell the Property

MaRiane Kooistra, GRI, rCRMS

eXp Realty License #SA659783000 Listed on: 06/10/2024

eXp Realty

Last Buyer's Agent

Macario Hing-Glover

West USA Realty License #SA694202000

West USA Realty

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $8,745

Year Built

  • Built in 1945

Lot Details

  • Partially Fenced Property
  • Chain Link Fence
  • Property is zoned Commercial

Home Design

  • 4,000 Sq Ft Home
  • Wood Frame Construction
  • Composition Roof

Flooring

  • Carpet
  • Concrete
  • Ceramic Tile
  • Vinyl

Parking

  • 10 Open Parking Spaces
  • 12 Parking Spaces
  • 2 Covered Spaces
  • Private Parking
  • Paved Parking

Utilities

  • Cooling Available
  • Multiple Heating Units
  • Heating System Uses Natural Gas

Community Details

  • 2 Buildings
  • Taber Addition Subdivision

Listing and Financial Details

  • Tax Lot 10-12
  • Assessor Parcel Number 200-07-021-A

Property Details

Property Type

Other

Est. Annual Taxes

$8,745

Year Built

Built in 1945

Lot Details

0

Listing Details

  • Cross Street: Lewis Street
  • Property Type: Comm/Industry Sale
  • Zoning: Commercial
  • Number Of Buildings: 2
  • Ownership: Fee Simple
  • Year Built: 1945
  • Tax Year: 2023
  • Road Surface Type: Asphalt
  • Subdivision Name: TABER ADDITION
  • Structure Type: Other (See Remarks), Commercial
  • Tax Parcel Letter: A
  • Roofing:Composition: Yes
  • Water Source City Franchise: Yes
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Carpet, Ceramic Tile, Vinyl, Concrete
  • Living Area: 4000.0

Exterior Features

  • Fencing: Chain Link, Partial
  • Disclosures: None
  • Construction Type: Wood Frame
  • Roof: Composition
  • Construction:Frame - Wood2: Yes

Garage/Parking

  • Total Covered Spaces: 2.0
  • Parking Features: Paved, Private
  • Attached Garage: No
  • Open Parking Spaces: 10.0
  • Total Parking Spaces: 12.0
  • General Property Description:Covered Parking Spcs: 2.0
  • General Property Description:Uncvrd Parking Spcs: 10.0
  • General Property Description:Total Parking Spcs: 12.0
  • Parking Features Paved Parking: Yes
  • Parking Features Private Parking: Yes

Utilities

  • Electric: Master Meter, City Electric, APS
  • Cooling: None
  • Heating: 2 or More Units, Electric, Natural Gas
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes
  • Heating:Electric: Yes
  • Electric Master Meter: Yes

Lot Info

  • Lot Size Sq Ft: 0.24
  • Parcel #: 200-07-021-A

Tax Info

  • Tax Annual Amount: 8745.0
  • Tax Book Number: 200.00
  • Tax Lot: 10-12
  • Tax Map Number: 7.00

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jun 10, 2024
Closed on
Jun 21, 2024
Sold by
Jouberts Llc
Bought by
Roman Around Rentals Llc
Seller's Agent
MaRiane Kooistra, GRI, rCRMS
eXp Realty
Buyer's Agent
Macario Hing-Glover
West USA Realty
List Price
$1,300,000
Sold Price
$1,000,000
Premium/Discount to List
-$300,000
-23.08%
Current Estimated Value
$1,015,924

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$15,924
Avg. Annual Appreciation
1.02%
Original Mortgage
$700,000
Outstanding Balance
$689,951
Interest Rate
7.09%
Mortgage Type
New Conventional
Estimated Equity
$325,973

Purchase Details

Closed on
Sep 30, 2021
Sold by
Joubert Hendrik and Joubert Susanna F
Bought by
Jouberts Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,000
Interest Rate
2.8%
Mortgage Type
Commercial

Purchase Details

Closed on
Sep 28, 2021
Sold by
Joubert Hendrik and Joubert Susanna F
Bought by
Jouberts Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$165,000
Interest Rate
2.8%
Mortgage Type
Commercial

Purchase Details

Closed on
Aug 31, 2017
Sold by
Reinhart Thomas Fred and Morrison Marie
Bought by
Joubert Hendrik and Joubert Susanna F

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$375,000
Interest Rate
3.93%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Dec 2, 2016
Sold by
Miller William J and Miller Sierra L
Bought by
Reinhart Thomas Fred and Morrison Marie
Source: Public Records
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Roman Around Rentals Llc -- Clear Title
Jouberts Llc -- Pioneer Title Agency Inc
Jouberts Llc -- Pioneer Title
Joubert Hendrik $475,000 Pioneer Title Agency
Reinhart Thomas Fred $410,000 Pioneer Title Agency
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Roman Around Rentals Llc $700,000
Closed Roman Around Rentals Llc $215,000
Previous Owner Jouberts Llc $165,000
Previous Owner Jouberts Llc $165,000
Previous Owner Joubert Hendrik $375,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/21/2024 06/21/24 Sold $1,000,000 -23.1% $250 / Sq Ft
06/10/2024 06/10/24 Price Changed $1,300,000 0.0% $325 / Sq Ft
05/03/2024 05/03/24 Pending -- -- --
12/27/2023 12/27/23 For Sale $1,300,000 -- $325 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $8,736 $170,662 -- --
2024 $8,736 $151,568 -- --
2023 $9,862 $124,261 $0 $0
2022 $9,862 $122,708 $0 $0
2021 $9,862 $121,163 $0 $0
2020 $9,660 $115,792 $0 $0
2019 $9,374 $109,945 $0 $0
2018 $9,072 $110,546 $0 $0
2017 $8,411 $102,094 $0 $0
2016 $8,411 $99,889 $0 $0
2015 $8,327 $86,702 $0 $0
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6643623

Arizona Regional Multiple Listing Service (ARMLS)

APN: 200-07-021A