$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
Original List Price: 2385000
Listing Date: 2019-07-19
Status: Closed
Listing Price: 2385000
List Price/SqFt: 262
Rent/Lease: No
Street #: 1141
Direction: E
Street Name: Gurley
St Suffix: Street
City/Township: Prescott
State: AZ
Zip Code: 86301
Subdivision: Tritle Tract
County: Yavapai
Zoning: BG
REO/Short Sale: Not Applicable
Tax Parcel: 114-06-084A
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
Lot #: 4
Lot Size: 27007
Aprx Acres: 0.62
Total Liveable SqFt: 9112
Source of Measuremnt: County Assessor
Buildings: 5
Year Built: 1982
Management: Mgmt Company
Cap %: 8.23
HOA Y/N: No
Baths - Full: 30
More than 5 Units: Yes
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.
Office/Member Info
Compensation: 2
Compensation Type: %
Status Change Info
Under Contract Date: 2019-08-09
Sold Date: 2019-11-22
Sold Price: $2,060,000
Sold Price/SqFt: 226
Financing: Conventional
Unit 1
Unit ID: Studio Apartments
# BA: 1
Unit 2
Unit ID: 1 Bedroom Apartments
# BR: 1
# BA: 1
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
Terms & Conditions: 1031 Exchange; Conventional
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
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.
Broker Attribution:
928-776-7701