$810,000
Prescott, AZ 86303
MLS# 1063904
4060 sqft
1 / 26
Property Description
Nestled among the pines along White Spar Road, and only a few minutes from Downtown Prescott. This charming lodge cabin multifamily property host 6 units, 5 of which are rented currently. Unit A is a 3 bedroom, 1 bath. Unit B & C is a duplex unit each with 1 bedroom, 1 bath plus a full kitchen. Unit D & E is a duplex unit each with 1 Bedroom, 1 bath full kitchen, Unit E has a garage/storage unit. This property is an excellent investment as it sits right now or could be transformed to be a profit machine. There is lots of potential to increase rent closer to market rents and fully max out this property income. The possibility are endless, potential buyers could create a unique Airbnb lodge cabin experience or simply let the property create return right now with no additional investment.
Details
Maps
Documents
Contract/Address/Legal
Original List Price: 810000
Listing Date: 2024-04-23
Status: Active
Listing Price: 810000
List Price/SqFt: 200
Rent/Lease: Yes
Street #: 1122
Street Name: White Spar Road, Unit A-F
City/Township: Prescott
State: AZ
Zip Code: 86303
Subdivision: Mile High Properties
Neighborhood: N/A
County: Yavapai
Zoning: BG
REO/Short Sale: Not Applicable
Tax Parcel: 107-15-036A
Assessor's Book #: 107
Assessor's Map #: 15
Assessor's Parcel #: 36
Assessor Parcel Ltr: A
Legal: IRREG SHAPED PCL OF LAND LYNG IN THE MOST ERLY POR OF LOTS 7 AND 8 MILE HIGH PROPERTIES NO 1
General Property Description
Lot #: 7
Lot Size: 22651.2
Aprx Acres: 0.52
Total Liveable SqFt: 4060
Source of Measuremnt: County Assessor
Buildings: 5
Stories: 1
Year Built: 1956
Management: Owner
Gross Vol/Yr $: 66600
NOI $: 56689
Cap %: 7
HOA Y/N: No
Baths - Full: 6
More than 5 Units: Yes
Tax Info
Taxes: 1216
Tax Year: 2023
Remarks & Misc
Directions: Head south on Montezuma, continue driving onto White Spar Road property is on your right.
Office/Member Info
Compensation: 3
Compensation Type: %
Unit 1
Unit ID: Unit A
# BR: 3
# BA: 1
SqFt: 989
Tenant Utilities: Tenant Pays
Rent $: 1550
Unit 2
Unit ID: Unit B
# BR: 1
# BA: 1
SqFt: 610
Tenant Utilities: Tenant Pays
Rent $: 850
Unit 3
Unit ID: Unit C
# BR: 1
# BA: 1
SqFt: 610
Tenant Utilities: Tenant Pays
Rent $: 950
Unit 4
Unit ID: Unit D
# BR: 1
# BA: 1
SqFt: 528
Tenant Utilities: Landlord Pays
Rent $: 1150
Unit 5
Unit ID: Unit E
# BR: 1
# BA: 1
SqFt: 528
Tenant Utilities: Landlord Pays
Rent $: 1050
Property Features
Building Type: 5+ Units; Other - See Remarks
Construction: Frame - Wood; Other - See Remarks
Cooling: Ceiling Fan(s)
External Amenities: Other - See Remarks
Flooring: Wood
Heating: Natural Gas
Owner Pays: Other - See Remarks
Records Available: None
Road Frontage Type: City Street
Road Surface Type: Dirt
Road Responsibility: City Maintained Road
Roof: Asphalt Shingle
Terms & Conditions: 1031 Exchange
Utilities Installed: 220; Cable TV; Electricity; Individual Meter; Telephone; Underground; Water - City; WWT - City Sewer
Water Heater: Natural Gas
Unit 1 Parking: None
Unit 2 Info: Ceiling Fan(s); Fire/Smoke Detectors; Fireplace
Unit 3 Info: Ceiling Fan(s); Fire/Smoke Detectors; Range/Oven; Refrigerator
Unit 4 Parking: Detached; Garage
Unit 5 Info: Ceiling Fan(s); Fire/Smoke Detector; Range/Oven; Refrigerator
Marketing Brochure 
Listing Office: Prescott Commercial Real Estate
Last Updated: May - 01 - 2024
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.