$1,920,000
Prescott, AZ 86303
MLS# 1034038
Status: Closed
7832 sqft
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1 / 117
Property Description
AMAZING opportunity to own investment property in Prescott! One of a kind 12-Plex with amazing mountain views! Varity in unit types includes studio, 1, 2, and 3 bedroom options making property perfect for any renter. 100% occupancy! Many units with stately beamed ceiling, rocked fireplaces, and large sliding glass doors to enjoy the views! Great location with city & mountain views including Thumb Butte and Granite Mountain. Conveniently located close to downtown Prescott for ease of shopping and entertainment. Plenty of parking for tenants and their guest. Shared coin laundry room for additional income potential annually. EVEN MORE investment opportunity as property is zoned MF-M allowing additional units and further income potential! Come view this property before it's gone!
Details
Maps
Contract/Address/Legal
List Price/SqFt: 251
Rent/Lease: No
Neighborhood: N/A
REO/Short Sale: Not Applicable
Zoning: MF-M
Assessor's Book #: 110
Assessor's Map #: 6
Assessor's Parcel #: 7
Assessor Parcel Ltr: E
Legal: IRREG PCL BY M&B LYNG S OF EVERGREEN HILLS #2 & BEING A PTN OF THE W1/2 SE1/4 CONT APPROX 2.79AC SEC 3 13 2W 597/794
General Property Description
Aprx Acres: 2.79
Lot #: 0
Lot Size: 121532
HOA Y/N: No
Source of Measuremnt: County Assessor
Stories: 2
Management: Owner
Gross Vol/Yr $: 12928
Vac Rate %: 0
CAM $: 0
GRM: 15
More than 5 Units: Yes
Total Liveable SqFt: 7832
Year Built: 1967
NOI $: 132924
Cap %: 6.7
Baths - Full: 12
Tax Info
Taxes: 3826
Tax Year: 2020
Remarks & Misc
Directions: From Gurley St, S on Penn Ave which becomes Hillcrest Dr, veer right at fork onto Eastwood Dr. At sign follow up hill to apartments. DO NOT DISTURB TENANTS.
Remarks: AMAZING opportunity to own investment property in Prescott! One of a kind 12-Plex with amazing mountain views! Varity in unit types includes studio, 1, 2, and 3 bedroom options making property perfect for any renter. 100% occupancy! Many units with stately beamed ceiling, rocked fireplaces, and large sliding glass doors to enjoy the views! Great location with city & mountain views including Thumb Butte and Granite Mountain. Conveniently located close to downtown Prescott for ease of shopping and entertainment. Plenty of parking for tenants and their guest. Shared coin laundry room for additional income potential annually. EVEN MORE investment opportunity as property is zoned MF-M allowing additional units and further income potential! Come view this property before it's gone!
Office/Member Info
Listing Exclusions: No
Status Change Info
Sold Price/SqFt: 245
Financing: Cash
Under Contract Date: 2021-02-26
Sold Date: 2021-03-26
Sold Price: $1,920,000
Building Type
5+ Units: 1
Other - See Remarks: 1
Construction
Block: 1
Frame - Wood: 1
Stucco: 1
Cooling
Ceiling Fan(s): 1
Central Refriger: 1
Room Refrigeration: 1
Other: 1
See Remarks: 1
External Amenities
Handicap Access: 1
Laundry Facilities: 1
Patio/Deck/Balcony: 1
Flooring
Carpet: 1
Laminate: 1
Tile: 1
Heating
Forced - Gas: 1
Heat Pump: 1
Natural Gas: 1
Owner Pays
All: 1
Other - See Remarks: 1
Possession
Subject to Tenant: 1
Records Available
None: 1
Road Frontage Type
City Street: 1
Road Responsibility
City Maintained Road: 1
Roof
Rolled/Hot Mop: 1
Terms & Conditions
1031 Exchange: 1
Conventional: 1
Utilities Installed
Cable TV: 1
Electricity: 1
Natural Gas: 1
Telephone: 1
Water - City: 1
WWT - City Sewer: 1
Water Heater
Natural Gas: 1
Unit 1
Unit ID: 1
# BA: 1
SqFt: 450
Tenant Utilities: 110
Rent $: 800
Unit 1 Parking
Off Street: 1
Unit 1 Info
Porch/Patio: 1
Range/Oven: 1
Other - See Remarks: 1
Unit 2
Unit ID: 2
# BA: 1
SqFt: 450
Tenant Utilities: 100
Rent $: 750
Unit 2 Parking
Off Street: 1
Other - See Remarks: 1
Unit 2 Info
Porch/Patio: 1
Range/Oven: 1
Other - See Remarks: 1
Unit 3
Unit ID: 3
# BA: 1
SqFt: 450
Tenant Utilities: 115
Rent $: 725
Unit 3 Parking
Off Street: 1
Other - See Remarks: 1
Unit 3 Info
Porch/Patio: 1
Range/Oven: 1
Other - See Remarks: 1
Unit 4
Unit ID: 4
# BA: 1
SqFt: 450
Tenant Utilities: 110
Rent $: 760
Unit 4 Parking
Off Street: 1
Other - See Remarks: 1
Unit 4 Info
Porch/Patio: 1
Range/Oven: 1
Unit 5
Unit ID: 5
# BR: 1
# BA: 1
SqFt: 600
Tenant Utilities: 130
Rent $: 895
Unit 5 Parking
Off Street: 1
Other - See Remarks: 1
Unit 5 Info
Ceiling Fan(s): 1
Fireplace: 1
Porch/Patio: 1
Range/Oven: 1
Refrigerator: 1
Other - See Remarks: 1
ContractAddressLegal
Original List Price: 1995000
Listing Date: 2020-11-02
Status: Closed
Listing Price: 1965000
Street #: 810
Street Name: Eastwood
St Suffix: Drive
City/Township: Prescott
State: AZ
Zip Code: 86303
Subdivision: None
County: Yavapai
Tax Parcel: 110-06-007E
Property Features
Building Type: 5+ Units; Other - See Remarks
Construction: Block; Frame - Wood; Stucco
Cooling: Ceiling Fan(s); Central Refriger; Room Refrigeration; Other; See Remarks
External Amenities: Handicap Access; Laundry Facilities; Patio/Deck/Balcony
Flooring: Carpet; Laminate; Tile
Heating: Forced - Gas; Heat Pump; Natural Gas
Owner Pays: All; Other - See Remarks
Possession: Subject to Tenant
Records Available: None
Road Frontage Type: City Street
Road Responsibility: City Maintained Road
Roof: Rolled/Hot Mop
Utilities Installed: Cable TV; Electricity; Natural Gas; Telephone; Water - City; WWT - City Sewer
Water Heater: Natural Gas
Unit 1 Parking: Off Street
Unit 1 Info: Porch/Patio; Range/Oven; Other - See Remarks
Unit 2 Parking: Off Street; Other - See Remarks
Unit 2 Info: Porch/Patio; Range/Oven; Other - See Remarks
Unit 3 Parking: Off Street; Other - See Remarks
Unit 3 Info: Porch/Patio; Range/Oven; Other - See Remarks
Unit 4 Parking: Off Street; Other - See Remarks
Unit 4 Info: Porch/Patio; Range/Oven
Unit 5 Parking: Off Street; Other - See Remarks
Unit 5 Info: Ceiling Fan(s); Fireplace; Porch/Patio; Range/Oven; Refrigerator; Other - See Remarks
Listing Office: Better Homes And Gardens Real Estate Bloomtree Realty
Last Updated: June - 20 - 2023
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