$800,000
Prescott, AZ 86305
MLS# 1015666
Status: Closed
6779 sqft
1 / 13
Property Description
Great investment opportunity in this small business strip mall! High traffic location across from the main post office (23,000 traffic count at the intersection of Miller Valley/Schemmer Dr.), 11 units with an approximate cap rate of 7%. Great rentals, well maintained with most long term tenants (8 out of 11 are long term tenants). Rents quickly when there is a vacancy. Rental units vary in size from approximately 365-964 sq.ft. Location includes 2 parcels. Each unit has its own bathroom.
Details
Maps
Contract/Address/Legal
List Price/SqFt: 118
Comm Type: Office
REO/Short Sale: Not Applicable
Zoning: BR
Assessor's Book #: 113
Assessor's Map #: 7
Assessor's Parcel #: 55
Assessor Parcel Ltr: F
Legal: AN IRREG PTN OF THE SW4NW4 SEC 33 SE PCL COR APPROX 293.01' W & 1 48.10' N OF NW INT MILLER VALLEY RD & SCHEMMER DR PER LS 8/45 SEC 33-14-2W CONT .33AC 3777/961
General Property Description
Aprx Acres: 0.82
Buildings: 3
Source of Measuremnt: Owner
Stories: 1
Parking Spaces: 35
Vac Rate %: 0
CAM $: 0
GRM: 0
Traffic Count Per Day: 23000
Property Use: Investment Prop
Construction Status: Existing
Total Liveable SqFt: 6779
Year Built: 1971
Cap %: 7
Baths - Full: 11
Tax Info
Taxes: 8838
Tax Year: 2017
Remarks & Misc
Directions: Gurley St., north on Grove/Miller Valley, left on Miller Valley to sign across from the post office.
Remarks: Great investment opportunity in this small business strip mall! High traffic location across from the main post office (23,000 traffic count at the intersection of Miller Valley/Schemmer Dr.), 11 units with an approximate cap rate of 7%. Great rentals, well maintained with most long term tenants (8 out of 11 are long term tenants). Rents quickly when there is a vacancy. Rental units vary in size from approximately 365-964 sq.ft. Location includes 2 parcels. Each unit has its own bathroom.
Status Change Info
Sold Price/SqFt: 118
Financing: Owner Will Carry
Under Contract Date: 2018-12-19
Sold Date: 2019-02-20
Sold Price: $800,000
Building Type
5+ Units: 1
Office - Building: 1
Other - See Remarks: 1
Construction
Frame - Wood: 1
Stucco: 1
Cooling
Central Air: 1
External Amenities
Landscaped: 1
Paved Parking: 1
Flooring
Carpet: 1
Vinyl: 1
Heating
Natural Gas: Natural Gas, Natural Gas
Natural Gas: 1
Possession
At Recordation: 1
Records Available
Other - See Remarks: 1
Road Responsibility
City Maintained Road: 1
Paved: 1
Recorded Easement: 1
Roof
Asphalt Shingle: 1
Bathrooms
Interior: 1
Business Location
Commercial Strip: 1
Terms & Conditions
1031 Exchange: 1
Conventional: 1
Commercial Amenities
Ceiling Ht. Under 12: 1
Utilities Installed
Electricity: 1
Natural Gas: 1
Water - City: 1
WWT - City Sewer: 1
Internal Amenities
Bathroom: 1
Fire/Smoke Detector: 1
Parking
On-Site: 1
ContractAddressLegal
Original List Price: 800000
Listing Date: 2018-09-21
Status: Closed
Listing Price: 800000
Street #: 634
Street Name: Schemmer
St Suffix: Drive
City/Township: Prescott
State: AZ
Zip Code: 86305
County: Yavapai
Tax Parcel: 113-07-055F
Property Features
Bathrooms: Interior
Building Type: 5+ Units; Office - Building; Other - See Remarks
Business Location: Commercial Strip
Commercial Amenities: Ceiling Ht. Under 12
Construction: Frame - Wood; Stucco
Cooling: Central Air
External Amenities: Landscaped; Paved Parking
Flooring: Carpet; Vinyl
Internal Amenities: Bathroom; Fire/Smoke Detector
Parking: On-Site
Possession: At Recordation
Records Available: Other - See Remarks
Road Responsibility: City Maintained Road; Paved; Recorded Easement
Roof: Asphalt Shingle
Utilities Installed: Electricity; Natural Gas; Water - City; WWT - City Sewer
Listing Office: Bella Terra Realty LLC
Last Updated: February - 20 - 2019
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