50 SOMBART Lane, Sedona, AZ 86336 (MLS# 6925965)

50 SOMBART Lane, Sedona, AZ 86336

$3,550,000

Convenient designated parking for tenants.

Sedona Turquoise blends in with the environment.

Covered Gazebo for cookouts and gatherings.

Great location near convenience store and other amenities.

Property Type: Multiple Dwellings Status: Closed

Current Price: $3,550,000 Last Modified: 12/20/2025

Overview

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.

Listing Details MLS# 6925965

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
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

Contract Info

Ownership: Fee Simple

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.

Status Change Info

Off Market Date: 2025-12-17
Under Contract Date: 2025-09-28
Close of Escrow Date: 2025-12-19

Legal Info

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

More Information

Income Expenses

Gross Annual Sch Inc: 190765
Net Operating Income: 97655.73

Showing Notification Methods

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

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 $/%: $
Buyer Concession to Seller: 0

Project Type

13 - 24 Units: Yes

Construction

Wood Frame: Yes

Const - Finish

Siding: Yes

Roofing

Composition: Yes

Floors

Vinyl: Yes
Carpet: Yes
Other: Yes

Sale Includes

Land & Building: Yes
Laundry Equipment: Yes

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

Lockbox Type

None: Yes

Community Features

No Pool: Yes
See Remarks: Yes

Heating

Electric: Yes

Cooling

Electric: Yes

Tenant Pays

Electricity: Yes

Appliances Included

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

Road Surface Type

Asphalt: Yes

Source of Fincl Data

Owner: Yes

Water Source

Private: Yes

Sewer

Sewer - Public: Yes

Parking Features

Free: Yes
>1 Space Per Unit: Yes

Electric

APS: Yes

Gas

Unisource: Yes

Owner Pays

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

New Financing

Cash: Yes
Conventional: Yes

Reports/Disclosures

None: Yes

Environmental

None: Yes

Efficiency Units

Avg Rent: 0

3 Bedrooms Units

Avg Rent: 0

4 Bedrooms Units

Avg Rent: 0

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

Listing Office: Coldwell Banker Realty

Last Updated: December - 20 - 2025