$3,600,000
Prescott, AZ 86305
MLS# 1060687
13288 sqft
1 / 35
Property Description
Multi Unit Income Property in the heart of Prescott! The Landings stands as a beacon of investment opportunity. This multi-unit income property, boasting 16 meticulously designed apartments, invites discerning investors to indulge in the breathtaking panorama of majestic mountains that adorn the horizon. 15 Units are 2 bedroom 2 bathroom and one unit is a 1 bedroom 1 bathroom. Electricity is on individual meters for each unit. The consistently high occupancy rates underscore the desirability of this investment gem. All units are live-on-one level, have updated paint & flooring and full kitchens. Shared coin laundry room for additional income potential annually. Plenty of concrete parking for tenants and their guests. Separate storage closets at end of building too!
Details
Maps
Contract/Address/Legal
Original List Price: 4250000
Listing Date: 2023-11-22
Status: Active
Listing Price: 3600000
List Price/SqFt: 271
Street #: 849
Street Name: Sunset
St Suffix: Avenue
City/Township: Prescott
State: AZ
Zip Code: 86305
Subdivision: Gardenland Tract
Neighborhood: N/A
County: Yavapai
Comm Type: Residential Income
Zoning: MF-M
Tax Parcel: 111-11-136B
Assessor's Book #: 111
Assessor's Map #: 11
Assessor's Parcel #: 136
Assessor Parcel Ltr: B
REO/Short Sale: Not Applicable
Legal: LOT 22 & THE S 48 FT OF LOT 21 CONT .48AC GARDENLAND TRACT BOOK 2 PAGE 11A
General Property Description
Lot Size: 20988
Aprx Acres: 0.48
Buildings: 1
Total Liveable SqFt: 13288
Source of Measuremnt: County Assessor
Stories: 2
Parking Spaces: 34
Year Built: 1980
Management: Mgmt Company
Vac Rate %: 2
Gross Vol/Yr $: 204475
NOI $: 152755
Cap %: 4.13
CAM $: 3683
Baths - Full: 16
GRM: 18.1
Property Use: Vacant/Owner Users
Construction Status: Existing
CC & R Fees: 13289
Tax Info
Taxes: 4560
Tax Year: 2023
Remarks & Misc
Directions: Highway 89 S East to Sheldon St, R on Montezuma St, Straight on Whipple St, L on Miller Valley Rd, R on Whipple L on Sunset Ave to Sign on L.
Office/Member Info
Listing Exclusions: No
Compensation: 3
Compensation Type: %
Property Features
Bathrooms: Interior; Other - See Remarks
Building Type: 5+ Units
Business Location: Other - See Remarks
Commercial Amenities: None
Construction: Frame - Wood
Cooling: Ceiling Fan(s); See Remarks
External Amenities: Landscaped; Paved Parking
Flooring: Carpet; Laminate
Heating: Electric
Internal Amenities: Bathroom; Ceiling Fan(s); Kitchen
Parking: On-Site
Records Available: Other - See Remarks
Road Responsibility: City Maintained Road
Roof: Asphalt Shingle
Pets/Animals: Domestic
Terms & Conditions: 1031 Exchange; Conventional; Submit; Other - See Remarks
Utilities Installed: 220; Electricity; Telephone; Underground; Water - City; WWT - City Sewer
Supplements
Great central location with city & mountain views including Thumb Butte and Granite Mountain. Proximity to essential amenities such as the hospital, restaurants, and shopping further enhances the property's appeal. Property is zoned MF-M. Don't miss this RARE opportunity to own investment property in the heart of Prescott Arizona! Come view this property before it's gone!
Listing Office: Realty Executives AZ Territory
Last Updated: April - 25 - 2024
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