50 SOMBART Lane, Sedona, AZ 86336
$3,550,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $3,550,000 Last Modified: 12/20/2025
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: $3,550,000 Sold Price: $3,550,000 Status: Closed 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
Dishwasher: 1 Free-Standing Electric Oven: 1 Refrigerator: 1 Washer/Dryer: 1
Road Surface Type
Asphalt: 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: 4
2 Bedroom Units
# 2 Bedroom Units: 11 Avg Rent: 1295 Avg SqFt: 1000 # Baths: 12
3 Bedrooms Units
Avg Rent: 0
4 Bedrooms Units
Avg Rent: 0
Sold Info
Loan Type: Cash Closing Cost Split: Normal - N Payment Type: Other Buyer Concession to Seller: 0 Buyer Concession $/%: $ Seller Concession to Buyer: 75000 Seller Concession $/%: $
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
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 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
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