$1,965,000
Prescott, AZ 86303
MLS# 1034038
Status: Closed
7832 sqft
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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
Original List Price: 1995000
Listing Date: 2020-11-02
Status: Closed
Listing Price: 1965000
List Price/SqFt: 251
Rent/Lease: No
Street #: 810
Street Name: Eastwood
St Suffix: Drive
City/Township: Prescott
State: AZ
Zip Code: 86303
Subdivision: None
Neighborhood: N/A
County: Yavapai
Zoning: MF-M
REO/Short Sale: Not Applicable
Tax Parcel: 110-06-007E
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
Lot Size: 121532
Aprx Acres: 2.79
Total Liveable SqFt: 7832
Source of Measuremnt: County Assessor
Stories: 2
Year Built: 1967
Management: Owner
Gross Vol/Yr $: 12928
NOI $: 132924
Cap %: 6.7
GRM: 15
HOA Y/N: No
Baths - Full: 12
More than 5 Units: Yes
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.
Office/Member Info
Listing Exclusions: No
Compensation: 2
Compensation Type: %
Status Change Info
Under Contract Date: 2021-02-26
Sold Date: 2021-03-26
Sold Price: $1,920,000
Sold Price/SqFt: 245
Financing: Cash
Unit 1
Unit ID: 1
# BA: 1
SqFt: 450
Tenant Utilities: 110
Rent $: 800
Unit 2
Unit ID: 2
# BA: 1
SqFt: 450
Tenant Utilities: 100
Rent $: 750
Unit 3
Unit ID: 3
# BA: 1
SqFt: 450
Tenant Utilities: 115
Rent $: 725
Unit 4
Unit ID: 4
# BA: 1
SqFt: 450
Tenant Utilities: 110
Rent $: 760
Unit 5
Unit ID: 5
# BR: 1
# BA: 1
SqFt: 600
Tenant Utilities: 130
Rent $: 895
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
Terms & Conditions: 1031 Exchange; Conventional
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
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.