$875,000
Prescott, AZ 86303
MLS# 1019020
Status: Closed
6229 sqft
1 / 24
Property Description
Extended Stay & Transient Motel FOR SALE in Downtown Prescott offered at $895,000. The Gordon James Motel is one of only a few daily, weekly monthly rentals in the Prescott area. This Turn-key opportunity offers all furniture, fixtures and equipment, name and brand all with great cash flow & upside. Situated on approx. .33 acres, there are 12 units: 10 one-bedroom units of approx. 500 sf each offering a kitchen, living room and bathroom; 1 two-bedroom unit approx. 855 sf including a full kitchen, large living room and full bath and one studio unit approx. 374 sf with kitchen and bathroom. There are 12 on-site parking spaces along with an on-site Manager's office and coin operated laundry room. All units offer wi-fi, cable and all utilities. The property is in very good (CLICK MORE TAB...)
Details
Maps
Contract/Address/Legal
Original List Price: 895000
Listing Date: 2019-03-08
Status: Closed
Listing Price: 895000
List Price/SqFt: 144
Street #: 409
Direction: S
Street Name: Montezuma
St Suffix: Street
City/Township: Prescott
State: AZ
Zip Code: 86303
County: Yavapai
Comm Type: Hotel/Motel
Zoning: BR
Zoning Description: Business Regional
Business Name: Gordon James Motel
Tax Parcel: 109-03-081
Assessor's Book #: 109
Assessor's Map #: 3
Assessor's Parcel #: 81
REO/Short Sale: Not Applicable
General Property Description
Buildings: 2
Total Liveable SqFt: 6229
Source of Measuremnt: County Assessor
Parking Spaces: 12
Year Built: 1963
Baths - Full: 12
Tax Info
Taxes: 4037
Tax Year: 2018
Remarks & Misc
Directions: From the downtown Courthouse, go approx. 2 blocks South on Montezuma to the Property on Left.
Office/Member Info
Compensation: 2
Compensation Type: %
Status Change Info
Under Contract Date: 2019-06-26
Sold Date: 2019-08-28
Sold Price: $875,000
Sold Price/SqFt: 140
Financing: Conventional
Property Features
Bathrooms: Interior
Building Type: Motel/Hotel
Business Location: Freestanding Bldg
Commercial Amenities: Ceiling Ht. Under 12
Construction: Frame - Wood; Stucco
Cooling: Ceiling Fan(s); Gas Pack; Heat Pump; Other; See Remarks
External Amenities: Handicap Access; Landscaped; Paved Parking
Flooring: Carpet; Vinyl
Heating: Electric; Natural Gas; Natural Gas
Internal Amenities: Bathroom; Ceiling Fan(s); Fire/Smoke Detector; Kitchen
Parking: On-Site
Possession: At Recordation
Records Available: Other - See Remarks
Road Responsibility: City Maintained Road; Paved
Roof: Asphalt Shingle
Utilities Installed: Electricity; Master Meter; Natural Gas; Telephone; Underground; Water - City; WWT - City Sewer
Supplements
Extended Stay & Transient Motel FOR SALE in Downtown Prescott offered at $895,000. The Gordon James Motel is one of only a few daily, weekly monthly rentals in the Prescott area. This Turn-key opportunity offers all furniture, fixtures and equipment, name and brand all with great cash flow & upside. Situated on approx. .33 acres, there are 12 units: 10 one-bedroom units of approx. 500 sf each offering a kitchen, living room and bathroom; 1 two-bedroom unit approx. 855 sf including a full kitchen, large living room and full bath and one studio unit approx. 374 sf with kitchen and bathroom. There are 12 on-site parking spaces along with an on-site Manager's office and coin operated laundry room. All units offer wi-fi, cable and all utilities. The property is in very good condition with many recent renovations made. Very low historical vacancy. This is a wonderful investments opportunity in downtown Prescott.
Listing Office: Better Homes And Gardens Real Estate Bloomtree Realty
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.
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