$1,650,000
Prescott, AZ 86303
MLS# 1032506
Status: Closed
7274 sqft
1 / 55
Property Description
The Gage Murphy Mansion is a crown jewel from the early days of Prescott. Originally constructed in 1895 as the family home of business tycoon E.B. Gage, this restored monument of local history has been just steps away from the heart of Prescott for 125 years --it has seen it all! The Mansion currently operates as a fully functional luxury apartment building, with four furnished short-term units, five long term units and one private guest quarter with ensuite bath. Tenants enjoy use of common spaces including the historic front porch, formal front lobby, shaded rear patio and on-site laundry. Each apartment has one designated off-street parking space. This is an opportunity to invest in a polished gem that embodies the priceless charm of downtown Prescott.
Details
Maps
Contract/Address/Legal
Original List Price: 1650000
Listing Date: 2020-09-03
Status: Closed
Listing Price: 1650000
List Price/SqFt: 227
Rent/Lease: No
Street #: 105
Direction: S
Street Name: Alarcon
St Suffix: Street
City/Township: Prescott
State: AZ
Zip Code: 86303
County: Yavapai
Zoning: BG
REO/Short Sale: Not Applicable
Tax Parcel: 109-01-052
Assessor's Book #: 109
Assessor's Map #: 1
Assessor's Parcel #: 52
Legal: LOT A BLOCK 17 PRESCOTT BOOK 4 PAGE 22
General Property Description
Lot #: A
Lot Size: 8332
Aprx Acres: 0.19
Total Liveable SqFt: 7274
Source of Measuremnt: County Assessor
Stories: 4
Year Built: 1895
Management: Mgmt Company
Gross Vol/Yr $: 129960
NOI $: 109085.52
Vac Rate %: 10
Cap %: 6
Baths - Full: 9
Tax Info
Taxes: 3039
Tax Year: 2019
Remarks & Misc
Directions: From Prescott Courthouse Square, travel east on Gurley St two blocks to Alarcon St. Property is one door down from the south east corner of Gurley and Alarcon.
Office/Member Info
Compensation: 2.5
Compensation Type: %
Status Change Info
Under Contract Date: 2020-09-18
Sold Date: 2020-12-17
Sold Price: $1,618,000
Sold Price/SqFt: 222
Financing: Conventional
Property Features
Building Type: 5+ Units
Construction: Block; Frame - Wood; Stone
Cooling: Ceiling Fan(s); Room Refrigeration
External Amenities: Fence; Landscaped; Laundry Facilities; Patio/Deck/Balcony; Sprinkler/Drip
Flooring: Concrete; Tile; Vinyl; Wood
Heating: Radiant
Owner Pays: All
Possession: At Recordation
Records Available: None
Road Frontage Type: City Street
Road Surface Type: Paved
Roof: Asphalt Shingle
Terms & Conditions: 1031 Exchange; Conventional
Utilities Installed: 220; Cable TV; Electricity; Master Meter; Natural Gas; Water - City; WWT - City Sewer
Water Heater: Central Boiler; Natural Gas
Listing Office: Realty ONE Group Mt Desert
Last Updated: December - 18 - 2020
The listing broker’s offer of compensation is the dollar amount or percentage of sale price the listing broker offers to pay a broker who (a) participates in the multiple listing service where the listing broker filed the listing and (b) procures the buyer for a successful transaction.
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.