$925,000
Prescott, AZ 86303
MLS# 1060641
Status: Closed
4155 sqft
1 / 14
Property Description
This perfectly located triplex with a house attached, is a great investment opportunity. Currently all four units are fully leased out with month to month lease agreements. On a proforma valuation with $2.00 PSF Monthly rents and the current operating expenses this property will be a 6.4% CAP RATE. The house is 987 square feet and currently is rented for $1,500.00 monthly. The triplex's are each 1056 square feet, the second story units are rented for $1,250.00 monthly and the lower unit is $700.00 monthly. Lots of parking with Garages, onsite spaces and additional options for driveway and street parking. This property is located downtown only minutes away from the court house.
Details
Maps
Contract/Address/Legal
List Price/SqFt: 235
Rent/Lease: No
Neighborhood: N/A
REO/Short Sale: Not Applicable
Zoning: MF-M
Assessor's Book #: 110
Assessor's Map #: 1
Assessor's Parcel #: 41
Legal: EAST PRESCOTT LOT 24 BLK 4
General Property Description
Aprx Acres: 0.17
Lot #: 24
Lot Size: 7,405
HOA Y/N: No
Buildings: 2
Source of Measuremnt: County Assessor
Stories: 2
Management: Mgmt Company
Gross Vol/Yr $: 99696
Vac Rate %: 0
CAM $: 7485.24
GRM: 9.1
Lease Expires: 2023-11-30
More than 5 Units: No
Total Liveable SqFt: 4155
Year Built: 1974
NOI $: 62745.52
Cap %: 6.4
Baths - Full: 4
Tax Info
Taxes: 2190
Tax Year: 2023
Remarks & Misc
Directions: At the corner of South Pleasant Street and Carleton Street.
Remarks: This perfectly located triplex with a house attached, is a great investment opportunity. Currently all four units are fully leased out with month to month lease agreements. On a proforma valuation with $2.00 PSF Monthly rents and the current operating expenses this property will be a 6.4% CAP RATE. The house is 987 square feet and currently is rented for $1,500.00 monthly. The triplex's are each 1056 square feet, the second story units are rented for $1,250.00 monthly and the lower unit is $700.00 monthly. Lots of parking with Garages, onsite spaces and additional options for driveway and street parking. This property is located downtown only minutes away from the court house.
Status Change Info
Sold Price/SqFt: 223
Financing: Seller Financing
Under Contract Date: 2023-11-28
Sold Date: 2023-12-21
Sold Price: $925,000
Building Type
Fourplex: 1
Construction
Frame - Wood: 1
Stucco: 1
Cooling
Ceiling Fan(s): 1
Room Refrigeration: 1
External Amenities
Landscaped: 1
Patio/Deck/Balcony: 1
Flooring
Carpet: 1
Laminate: 1
Tile: 1
Heating
Electric: 1
Natural Gas: 1
Wall Unit: 1
Owner Pays
None: 1
Possession
At Recordation: 1
Records Available
None: 1
Road Frontage Type
City Street: 1
Road Surface Type
Asphalt: 1
Paved: 1
Road Responsibility
City Maintained Road: 1
Roof
Asphalt Shingle: 1
Terms & Conditions
1031 Exchange: 1
Conventional: 1
FHA: 1
Free and Clear: 1
Submit: 1
Utilities Installed
220: 1
Electricity: 1
Master Meter: 1
Natural Gas: 1
Water - City: 1
WWT - City Sewer: 1
Water Heater
Electric: 1
Natural Gas: 1
Unit 1
Unit ID: House
SqFt: 987
Rent $: 1500
Unit 1 Parking
2 Car: 1
Off Street: 1
Unit 2
Unit ID: Unit 1
SqFt: 1056
Rent $: 950
Unit 2 Parking
1 Car: 1
Attached: 1
Garage: 1
Off Street: 1
Unit 2 Info
Ceiling Fan(s): 1
Porch/Patio: 1
Unit 3
Unit ID: Unit 2
SqFt: 1056
Rent $: 1250
Unit 3 Parking
1 Car: 1
Detached: 1
Garage: 1
Unit 4
Unit ID: Unit 3
SqFt: 1056
Rent $: 1250
Unit 4 Parking
1 Car: 1
Detached: 1
Garage: 1
Off Street: 1
Unit 4 Info
Porch/Patio: 1
ContractAddressLegal
Original List Price: 975000
Listing Date: 2023-11-20
Status: Closed
Listing Price: 975000
Street #: 247
Direction: S
Street Name: Pleasant
St Suffix: Street
City/Township: Prescott
State: AZ
Zip Code: 86303
County: Yavapai
Tax Parcel: 110-01-041
Property Features
Building Type: Fourplex
Construction: Frame - Wood; Stucco
Cooling: Ceiling Fan(s); Room Refrigeration
External Amenities: Landscaped; Patio/Deck/Balcony
Flooring: Carpet; Laminate; Tile
Heating: Electric; Natural Gas; Wall Unit
Owner Pays: None
Possession: At Recordation
Records Available: None
Road Frontage Type: City Street
Road Surface Type: Asphalt; Paved
Road Responsibility: City Maintained Road
Roof: Asphalt Shingle
Utilities Installed: 220; Electricity; Master Meter; Natural Gas; Water - City; WWT - City Sewer
Water Heater: Electric; Natural Gas
Unit 1 Parking: 2 Car; Off Street
Unit 2 Parking: 1 Car; Attached; Garage; Off Street
Unit 2 Info: Ceiling Fan(s); Porch/Patio
Unit 3 Parking: 1 Car; Detached; Garage
Unit 4 Parking: 1 Car; Detached; Garage; Off Street
Unit 4 Info: Porch/Patio
Listing Office: Prescott Commercial Real Estate
Last Updated: December - 21 - 2023
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