2-Bedroom Condo For Sale In Flagstaff, Arizona
Buy cheaper than you can rent! Perfect opportunity for your first home or a place for your NAU students. This hard to beat location is convenient to NAU, downtown, and all the west-side amenities. The current owners specifically chose this unit because of it’s location. You have an open view, convenient parking, and you’re away from the main roads. Plus, this upstairs unit includes vaulted ceilings and the developer’s $8,000 upgrade package! You’ll love spending time on your large covered patio. Walk in closets in both bedrooms and all appliances included. HOA dues are lower than many other condos and it includes access to the two clubhouses, spas, workout facility; as well as water, sewer, trash, and snow removal.
UPDATE: Seller now including 2 years worth of HOA payments!
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Do You Currently Own An Arbors Condo?
Have you considered selling your place? Did you know that 20 Arbors condos sold in 2010? I can make yours one of them in 2011! Contact me here.
Know someone who might like to buy this property? This is a great chance to choose your neighbor!
If you currently owe more than your home is worth and are having trouble making your payments, it’s important to know that you may have better options than foreclosure. Click here to learn more about short sales.
Why Not Consider Buying This Unit As An Investment?
The upgraded units can rent for as much as $1200/month!* That’s over $14,000/year! It’s a good price point to get into an investment and as you can see below, even if you’re financing, you can still have a positive monthly return. These rent easily with such a great west-side location close to NAU and downtown. Many lenders will finance investment property up to 75%.
Below is a table that shows what your payments would be with a couple different financing scenarios. What are you currently paying for rent? The upgraded 2-bedroom units can go for as much as $1200/month in rent, but as you can see below, you’d likely pay the same or less each month if you bought! Plus, you’d have all the other advantages of homeownership! These units qualify for FHA financing, which allows for a low 3.5% down payment.
These figures are based on the current asking price of $159,400.
|FHA 30 year||Conventional 30 year|
|Figures provided by Erin Moore at Prime Lending. NMLS#177569. Interest rates change daily.|
|Down Payment Percentage||3.5%||20%|
|Down Payment Amount||$5596.50||$31,980|
|Term||360 months||360 months|
|Annual Percentage Rate||5.962%||5.349%|
|Principal and Interest||$842.57||$700.94|
|Total Monthly Payment||$1,222.07||$964.67|
*Rents vary and amount is not guaranteed.
Listed by RE/MAX Peak Properties.
1385 W University Ave #214 Listing #144316