$2,060,000
Prescott, AZ 86301
MLS# 1023003
Status: Closed
9112 sqft
1 / 7
Property Description
Completely renovated apartment complex in the city's Historic Motor Court District. Originally built in 1954 but extensively remodeled from top to bottom in 2017. Formerly a Motel, the property consists of 30 units; 28 studio apartments and 2 one bedroom apartments with a coin-op laundry facility. 100% occupied by renewable master lease with Catholic Charities Community Services. Excellent and secure investment opportunity located in the heart of Prescott!
Details
Maps
Contract/Address/Legal
List Price/SqFt: 262
Rent/Lease: No
REO/Short Sale: Not Applicable
Zoning: BG
Assessor's Book #: 114
Assessor's Map #: 6
Assessor's Parcel #: 84
Assessor Parcel Ltr: A
Legal: TRITLE TRACT E 100 FT OF LOTS 4 AND 3 (LESS S 150 FT) BLK B
General Property Description
Aprx Acres: 0.62
Lot #: 4
Lot Size: 27007
HOA Y/N: No
Buildings: 5
Source of Measuremnt: County Assessor
Management: Mgmt Company
Vac Rate %: 0
More than 5 Units: Yes
Total Liveable SqFt: 9112
Year Built: 1982
Cap %: 8.23
Baths - Full: 30
Tax Info
Taxes: 7047
Tax Year: 2018
Remarks & Misc
Directions: From Downtown Prescott, East on Gurley St to property at corner of Gurley St and Hartin Ave.
Remarks: Completely renovated apartment complex in the city's Historic Motor Court District. Originally built in 1954 but extensively remodeled from top to bottom in 2017. Formerly a Motel, the property consists of 30 units; 28 studio apartments and 2 one bedroom apartments with a coin-op laundry facility. 100% occupied by renewable master lease with Catholic Charities Community Services. Excellent and secure investment opportunity located in the heart of Prescott!
Status Change Info
Sold Price/SqFt: 226
Financing: Conventional
Under Contract Date: 2019-08-09
Sold Date: 2019-11-22
Sold Price: $2,060,000
Building Type
5+ Units: 1
Construction
Frame - Wood: 1
Cooling
Room Refrigeration: 1
Other: 1
See Remarks: 1
External Amenities
Landscaped: 1
Laundry Facilities: 1
Flooring
Vinyl: 1
Heating
Wall Unit: 1
Owner Pays
Sewer: 1
Trash: 1
Water: 1
Other - See Remarks: 1
Possession
At Recordation: 1
Records Available
None: 1
Road Frontage Type
City Street: 1
Road Surface Type
Paved: 1
Road Responsibility
City Maintained Road: 1
Roof
Rolled/Hot Mop: 1
Terms & Conditions
1031 Exchange: 1
Conventional: 1
Utilities Installed
Electricity: 1
Water - City: 1
WWT - City Sewer: 1
Water Heater
Electric: 1
Unit 1
Unit ID: Studio Apartments
# BA: 1
Unit 1 Info
Porch/Patio: 1
Range/Oven: 1
Refrigerator: 1
Unit 2
Unit ID: 1 Bedroom Apartments
# BR: 1
# BA: 1
Unit 2 Info
Porch/Patio: 1
Range/Oven: 1
Refrigerator: 1
ContractAddressLegal
Original List Price: 2385000
Listing Date: 2019-07-19
Status: Closed
Listing Price: 2385000
Street #: 1141
Direction: E
Street Name: Gurley
St Suffix: Street
City/Township: Prescott
State: AZ
Zip Code: 86301
Subdivision: Tritle Tract
County: Yavapai
Tax Parcel: 114-06-084A
Property Features
Building Type: 5+ Units
Construction: Frame - Wood
Cooling: Room Refrigeration; Other; See Remarks
External Amenities: Landscaped; Laundry Facilities
Flooring: Vinyl
Heating: Wall Unit
Owner Pays: Trash; Water; Other - See Remarks
Possession: At Recordation
Records Available: None
Road Frontage Type: City Street
Road Surface Type: Paved
Road Responsibility: City Maintained Road
Roof: Rolled/Hot Mop
Utilities Installed: Electricity; Water - City; WWT - City Sewer
Water Heater: Electric
Unit 1 Info: Porch/Patio; Range/Oven; Refrigerator
Unit 2 Info: Porch/Patio; Range/Oven; Refrigerator
Listing Office: RE/MAX Mountain Properties
Last Updated: June - 20 - 2023
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