$850,000
Prescott, AZ 86305
MLS# 1041946
Status: Closed
3460 sqft
1 / 9
Property Description
The 4 flex has great income potential with 2 beds, 1 bath units in a very desirable neighborhood close to the hospital, colleges and shopping. The 2 downstairs units as handicap accessible. All units has a private patio and a separate storage unit on the property and a coin op laundry room. At least 5 off-street parking spots. Some spots can park in tandem. Recent updates by the owner include - 3 HVAC systems (Apollo heating systems), 4 water heaters, 1 coin washer, 2 dishwashers, 2 refrigerators, all new flooring (1 with tile and the others with luxury vinyl), ceiling fans, faux wood blinds in all units and two new kitchen/bathroom countertops. 2 tenants are month to month at $885 and $895 while 2 new leases last month are for $1,200 per unit.
Details
Maps
Contract/Address/Legal
List Price/SqFt: 231
Rent/Lease: No
REO/Short Sale: Not Applicable
Zoning: MF-M
Assessor's Book #: 115
Assessor's Map #: 8
Assessor's Parcel #: 38
Assessor Parcel Ltr: F
Legal: A RECT PCL LYNG IN THE SE4 SEC 29 WITH THE SE COR LYNG APPROX 115 0' E & 950' N FROM THE S4 COR OF SEC 29-14-2W .17AC
General Property Description
Aprx Acres: 0.17
Lot #: 0
Lot Size: 7366
HOA Y/N: No
Source of Measuremnt: County Assessor
Stories: 2
Management: Owner
Total Liveable SqFt: 3460
Year Built: 1995
Baths - Full: 4
Tax Info
Taxes: 1782
Tax Year: 2020
Remarks & Misc
Directions: Iron Springs & Gail Gardner Way, South/left on Gail Gardner 4 plex will be on your left. Please do not disturb tenants.
Remarks: The 4 flex has great income potential with 2 beds, 1 bath units in a very desirable neighborhood close to the hospital, colleges and shopping. The 2 downstairs units as handicap accessible. All units has a private patio and a separate storage unit on the property and a coin op laundry room. At least 5 off-street parking spots. Some spots can park in tandem. Recent updates by the owner include - 3 HVAC systems (Apollo heating systems), 4 water heaters, 1 coin washer, 2 dishwashers, 2 refrigerators, all new flooring (1 with tile and the others with luxury vinyl), ceiling fans, faux wood blinds in all units and two new kitchen/bathroom countertops. 2 tenants are month to month at $885 and $895 while 2 new leases last month are for $1,200 per unit.
Office/Member Info
Listing Exclusions: No
Status Change Info
Sold Price/SqFt: 246
Financing: Cash
Under Contract Date: 2021-09-28
Sold Date: 2021-09-28
Sold Price: $850,000
Building Type
Fourplex: 1
Construction
Frame - Wood: 1
Stone: 1
Cooling
Ceiling Fan(s): 1
Central Refriger: 1
External Amenities
Patio/Deck/Balcony: 1
Flooring
Tile: 1
Vinyl: 1
Heating
Forced - Gas: 1
Natural Gas: 1
Owner Pays
Sewer: 1
Water: 1
Other - See Remarks: 1
Possession
At Recordation: 1
Records Available
None: 1
Road Frontage Type
City Street: 1
Road Surface Type
Paved: 1
Roof
Asphalt Shingle: 1
Terms & Conditions
1031 Exchange: 1
Conventional: 1
VA: 1
Utilities Installed
220: 1
Cable TV: 1
Electricity: 1
Individual Meter: 1
Natural Gas: 1
Telephone: 1
Water - City: 1
WWT - City Sewer: 1
Water Heater
Natural Gas: 1
Unit 1
Unit ID: A
# BR: 2
# BA: 1
SqFt: 865
Rent $: 885
Unit 1 Parking
1 Car: 1
Off Street: 1
Other - See Remarks: 1
Unit 1 Info
Ceiling Fan(s): 1
Dishwasher: 1
Disposal: 1
Fire/Smoke Detectors: 1
Porch/Patio: 1
Range/Oven: 1
Refrigerator: 1
Storage Room: 1
Unit 2
Unit ID: B
# BR: 2
# BA: 1
SqFt: 865
Rent $: 1200
Unit 2 Parking
2 Car: 1
Off Street: 1
Unit 2 Info
Ceiling Fan(s): 1
Dishwasher: 1
Disposal: 1
Fire/Smoke Detectors: 1
Porch/Patio: 1
Range/Oven: 1
Refrigerator: 1
Storage Room: 1
Unit 3
Unit ID: C
# BR: 2
# BA: 1
SqFt: 865
Rent $: 895
Unit 3 Parking
1 Car: 1
Off Street: 1
Other - See Remarks: 1
Unit 3 Info
Ceiling Fan(s): 1
Dishwasher: 1
Disposal: 1
Fire/Smoke Detectors: 1
Porch/Patio: 1
Range/Oven: 1
Refrigerator: 1
Storage Room: 1
Unit 4
Unit ID: D
# BR: 2
# BA: 1
SqFt: 865
Rent $: 1200
Unit 4 Parking
1 Car: 1
Off Street: 1
Other - See Remarks: 1
Unit 4 Info
Ceiling Fan(s): 1
Dishwasher: 1
Disposal: 1
Fire/Smoke Detectors: 1
Porch/Patio: 1
Range/Oven: 1
Refrigerator: 1
Storage Room: 1
ContractAddressLegal
Original List Price: 800000
Listing Date: 2021-09-09
Status: Closed
Listing Price: 800000
Street #: 875
Street Name: Gail Gardner
St Suffix: Way
City/Township: Prescott
State: AZ
Zip Code: 86305
County: Yavapai
Tax Parcel: 115-08-038F
Property Features
Building Type: Fourplex
Construction: Frame - Wood; Stone
Cooling: Ceiling Fan(s); Central Refriger
External Amenities: Patio/Deck/Balcony
Flooring: Tile; Vinyl
Heating: Forced - Gas; Natural Gas
Owner Pays: Water; Other - See Remarks
Possession: At Recordation
Records Available: None
Road Frontage Type: City Street
Road Surface Type: Paved
Roof: Asphalt Shingle
Utilities Installed: 220; Cable TV; Electricity; Individual Meter; Natural Gas; Telephone; Water - City; WWT - City Sewer
Water Heater: Natural Gas
Unit 1 Parking: 1 Car; Off Street; Other - See Remarks
Unit 1 Info: Ceiling Fan(s); Dishwasher; Disposal; Fire/Smoke Detectors; Porch/Patio; Range/Oven; Refrigerator; Storage Room
Unit 2 Parking: 2 Car; Off Street
Unit 2 Info: Ceiling Fan(s); Dishwasher; Disposal; Fire/Smoke Detectors; Porch/Patio; Range/Oven; Refrigerator; Storage Room
Unit 3 Parking: 1 Car; Off Street; Other - See Remarks
Unit 3 Info: Ceiling Fan(s); Dishwasher; Disposal; Fire/Smoke Detectors; Porch/Patio; Range/Oven; Refrigerator; Storage Room
Unit 4 Parking: 1 Car; Off Street; Other - See Remarks
Unit 4 Info: Ceiling Fan(s); Dishwasher; Disposal; Fire/Smoke Detectors; Porch/Patio; Range/Oven; Refrigerator; Storage Room
Supplements
Gross income is currently $50,160, but if the two units are raised, the potential gross income could be $57,600. Cap rate is based on Pro Forma
Listing Office: Better Homes And Gardens Real Estate Bloomtree Realty
Last Updated: September - 28 - 2021
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