3220 N State Route 89, Prescott, AZ 86301
$1,599,999
Property Type:
Multi-Family
Square Footage:
5,889
Lot Size (sq. ft.):
40,075
Status:
Active w/Contingency
Current Price:
$1,599,999
List Date:
10/11/2024
Last Modified:
12/19/2024
Description
Investment Opportunity: 20-Unit Apartment Complex in Prime Location
Discover a rare value-add opportunity with this 20-unit apartment complex, ideally situated between Willow and Watson Lakes in the Dells. This property presents a unique chance for savvy investors to unlock its full potential and capitalize on a thriving rental market.
Gross rent, NOI and GRM numbers are based on pro-forma. More details available for serious inquiries.
More Information MLS# 1068140
ContractAddressLegal
Original List Price: 1599999
Listing Date: 2024-10-10
Status: Active w/Contingency
Listing Price: 1599999
Street #: 3220
Direction: N
Street Name: State Route 89
City/Township: Prescott
State: AZ
Zip Code: 86301
County: Yavapai
Tax Parcel: 106-13-018C
General Property Description
Lot #: na
Bedrooms Possible: 21
Lot Size: 39902
Aprx Acres: 0.92
Total Liveable SqFt: 5889
Source of Measuremnt: County Assessor
Buildings: 2
Stories: 1
Year Built: 1963
Management: Owner
Gross Vol/Yr $: 264777
NOI $: 220777
Cap %: 13.9
CAM $: 47000
HOA Y/N: No
Baths - Full: 20
More than 5 Units: Yes
Tax Info
Taxes: 6321
Tax Year: 2023
Status Change Info
Contingent Remarks: Accepted Offer - Take Backups
Unit 1
# BA: 1
Unit 2
# BA: 1
SqFt: 224
Unit 3
# BA: 1
SqFt: 384
Property Features
Building Type: 5+ Units
Construction: Frame - Wood
Cooling: Evaporative Cooling; Room Refrigeration
External Amenities: None
Flooring: See Remarks
Heating: Baseboard
Owner Pays: Gas/Propane; Trash; Water
Records Available: None
Road Frontage Type: Highway
Road Surface Type: Paved
Road Responsibility: State Maintained Road
Roof: Asphalt Shingle
Showing Instructions: Call Listing Office
Utilities Installed: 220; Natural Gas; Water - Private Well; WWT - City Sewer
Water Heater: Two or More
Unit 1 Parking: 1 Car
Unit 1 Info: Other - See Remarks
Unit 2 Parking: 1 Car
Unit 2 Info: Other - See Remarks
Unit 3 Parking: 1 Car
Unit 3 Info: Other - See Remarks
Listing Office: Prescott Commercial Real Estate
Last Updated: December - 19 - 2024
The data relating to real estate for sale on this site comes from the Broker Reciprocity/IDX of Prescott Area Association of REALTORS. Information provided is thought to be reliable but is not guaranteed to be accurate. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.Real estate listings held by brokerage firms other than the website owner, are indicated by detailed information about them such as the name of the listing firms. Copyright© 2020 Prescott Area Association of REALTORS. All rights reserved.
