$1,520,000
Prescott, AZ 86303
MLS# 1045564
Status: Closed
7040 sqft
1 / 11
Property Description
312 and 314 Bridge St. to be sold together. Shared driveways and parking and shared coin operated laundry facility. Unique Prescott 8plex. This property has been professionally managed and excellently maintained for decades. Current rental rates below market and this property still has incredible/steady cash flow. 312 has AC and 314 will have new AC units installed in March 2022. Great location a block or so from Downtown Prescott. Ample parking for each building and covered parking on lower level for 312. Each unit has 1 full bath and a ''vanity'' space. Incredible opportunity to own a large money making property in Prescott
Details
Maps
Contract/Address/Legal
Original List Price: 1690000
Listing Date: 2022-02-26
Status: Closed
Listing Price: 1690000
List Price/SqFt: 240
Rent/Lease: No
Street #: 312
Street Name: Bridge
St Suffix: Street
City/Township: Prescott
State: AZ
Zip Code: 86303
Subdivision: Murphys 3rd Addition
Neighborhood: N/A
County: Yavapai
Zoning: MF-H
REO/Short Sale: Not Applicable
Tax Parcel: 109-08-087A
Assessor's Book #: 109
Assessor's Map #: 8
Assessor's Parcel #: 87
Assessor Parcel Ltr: A
Legal: LOT 1 & S2 OF ABANDONED GLENWOODAVE ADJ TO THE N LINE OF LOT 1 BLOCK 10 MURPHYS 3RD ADD BOOK 2 PAGE 31
General Property Description
Lot #: 1
Lot Size: 9559
Aprx Acres: 0.22
Total Liveable SqFt: 7040
Source of Measuremnt: County Assessor
Buildings: 2
Stories: 2
Year Built: 1979
Management: Mgmt Company
Gross Vol/Yr $: 70099
Vac Rate %: 5
HOA Y/N: No
Baths - Full: 8
More than 5 Units: Yes
Tax Info
Taxes: 1794
Tax Year: 2021
Remarks & Misc
Directions: Goodwin St to Summit to corner of Summit and Bridge St
Office/Member Info
Compensation: 2
Compensation Type: %
Status Change Info
Under Contract Date: 2022-03-02
Sold Date: 2022-04-20
Sold Price: $1,520,000
Sold Price/SqFt: 216
Financing: Cash
Unit 1
Unit ID: 1
# BR: 2
# BA: 1
SqFt: 880
Rent $: 755
Unit 2
Unit ID: 2
# BR: 2
# BA: 1
SqFt: 880
Rent $: 850
Unit 3
Unit ID: 3
# BR: 2
# BA: 1
SqFt: 880
Rent $: 755
Unit 4
Unit ID: 4
# BR: 2
# BA: 1
SqFt: 880
Rent $: 850
Unit 5
Unit ID: 5
# BR: 2
# BA: 1
SqFt: 880
Rent $: 730
Property Features
Building Type: 5+ Units
Construction: Frame - Steel
Cooling: Ceiling Fan(s); Central Refriger; Other; See Remarks
External Amenities: Laundry Facilities; Patio/Deck/Balcony; Separate Storage; Other - See Remarks
Flooring: Carpet; Vinyl
Heating: Forced - Gas
Owner Pays: Trash; Water
Possession: At Recordation
Records Available: None
Road Frontage Type: City Street
Road Responsibility: City Maintained Road
Roof: Asphalt Shingle
Terms & Conditions: 1031 Exchange; Conventional
Utilities Installed: Electricity; Individual Meter; Natural Gas; Water - City; WWT - City Sewer
Water Heater: Natural Gas
Unit 1 Parking: 1 Car; Off Street; Other - See Remarks
Unit 1 Info: Dishwasher; Fire/Smoke Detectors; Porch/Patio; Range/Oven; Refrigerator; Other - See Remarks
Unit 2 Parking: 1 Car; Off Street; Other - See Remarks
Unit 2 Info: Dishwasher; Fire/Smoke Detectors; Porch/Patio; Range/Oven; Refrigerator; Other - See Remarks
Unit 3 Parking: 1 Car; Off Street; Other - See Remarks
Unit 3 Info: Dishwasher; Fire/Smoke Detectors; Porch/Patio; Range/Oven; Refrigerator; Other - See Remarks
Unit 4 Parking: 1 Car; Off Street; Other - See Remarks
Unit 4 Info: Dishwasher; Fire/Smoke Detectors; Porch/Patio; Range/Oven; Refrigerator; Other - See Remarks
Unit 5 Parking: 1 Car; Off Street; Other - See Remarks
Unit 5 Info: Dishwasher; Fire/Smoke Detector; Porch/Patio; Range/Oven; Refrigerator; Other - See Remarks
Listing Office: Southwest Property Sales Lsing
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.