$800,000
Prescott, AZ 86305
MLS# 1023424
Status: Closed
5250 sqft
1 / 14
Property Description
Exciting opportunity to own this Multifamily Property in Prescott, Arizona. The property is improved with a one story, 8 unit apartment complex and contains 5,250 square feet of livable area. All the units are 2 bedroom/1 bath and are individually metered for electricity and gas. The property is a two building, masonry constructed property with four units in each building and plenty of off-street parking spaces in front of the buildings. It also includes a lower level garage which contains approximately 2,800 square feet of space including one parking space for each unit, utility room, storage areas and a Coin-Op laundry facility with a brand new washer and dryer (have yet to be installed, but convey with the sale). The surrounding deck was rebuilt and permitted in late 2017.
Details
Maps
Contract/Address/Legal
Original List Price: 880000
Listing Date: 2019-08-05
Status: Closed
Listing Price: 880000
List Price/SqFt: 168
Rent/Lease: Yes
Street #: 920
Street Name: 12th
St Suffix: Place
City/Township: Prescott
State: AZ
Zip Code: 86305
Subdivision: Willow Creek Road Sub
Neighborhood: N/A
County: Yavapai
Zoning: BG
REO/Short Sale: Not Applicable
Tax Parcel: 115-05-022
Assessor's Book #: 115
Assessor's Map #: 5
Assessor's Parcel #: 22
Legal: WILLOW CRK SUBD: W2 OF LOT 3 (LESS S 10') & LOT 5 (LESS S 10' OF E 89.82') LESS S 10' OF W 18.71' OF LOT 5 OF 10' OF W 18.71' 993/ 810
General Property Description
Lot #: 3
Lot Size: 12197
Aprx Acres: 0.28
Total Liveable SqFt: 5250
Source of Measuremnt: County Assessor
Stories: 2
Year Built: 1973
Management: Mgmt Company
Baths - Full: 8
More than 5 Units: Yes
Remarks & Misc
Directions: North on Willow Creek Road. Left on 12th Place to Sign. Right hand side of the road.
Office/Member Info
Compensation: 2.5
Compensation Type: %
Status Change Info
Under Contract Date: 2019-09-19
Sold Date: 2019-10-16
Sold Price: $800,000
Sold Price/SqFt: 152
Financing: Cash
Unit 1
Unit ID: 1
# BR: 2
# BA: 1
SqFt: 700
Tenant Utilities: Gas and Electric
Rent $: 650
Unit 2
Unit ID: 2
# BR: 2
# BA: 1
SqFt: 700
Tenant Utilities: Gas and Electric
Rent $: 750
Unit 3
Unit ID: 3
# BR: 2
# BA: 1
SqFt: 700
Tenant Utilities: Gas and Electric
Rent $: 725
Unit 4
Unit ID: 4
# BR: 2
# BA: 1
SqFt: 700
Tenant Utilities: Gas and Electric
Rent $: 750
Unit 5
Unit ID: 5
# BR: 2
# BA: 1
SqFt: 700
Tenant Utilities: Gas and Electric
Rent $: 700
Property Features
Building Type: 5+ Units; Residential+
Construction: Brick; Frame - Wood
Cooling: Evaporative Cooling; Room Evap
External Amenities: None
Flooring: Carpet; Vinyl
Heating: Forced - Gas; Natural Gas
Owner Pays: Trash; Water
Possession: At Recordation
Records Available: None; Other - See Remarks
Road Frontage Type: City Street
Road Surface Type: Paved
Road Responsibility: City Maintained Road
Roof: Asphalt Shingle
Terms & Conditions: 1031 Exchange; Conventional
Utilities Installed: 220; Cable TV; Electricity; Individual Meter; Natural Gas; Underground; Water - City; WWT - City Sewer
Water Heater: Natural Gas
Unit 1 Parking: 1 Car; Detached; Garage; Off Street; Other - See Remarks
Unit 1 Info: Ceiling Fan(s); Dishwasher; Disposal; Fire/Smoke Detectors; Range/Oven; Refrigerator
Unit 2 Parking: 1 Car; Detached; Garage; Off Street; Other - See Remarks
Unit 2 Info: Ceiling Fan(s); Dishwasher; Disposal; Fire/Smoke Detectors; Laundry Room; Refrigerator
Unit 3 Parking: 1 Car; Detached; Garage; Off Street; Other - See Remarks
Unit 3 Info: Ceiling Fan(s); Dishwasher; Disposal; Fire/Smoke Detectors; Range/Oven; Refrigerator
Unit 4 Parking: 1 Car; Detached; Garage; Off Street; Other - See Remarks
Unit 4 Info: Ceiling Fan(s); Dishwasher; Disposal; Fire/Smoke Detectors; Range/Oven; Refrigerator
Unit 5 Parking: 1 Car; Detached; Garage; Off Street; Other - See Remarks
Unit 5 Info: Ceiling Fan(s); Dishwasher; Disposal; Fire/Smoke Detector; Laundry Room; Range/Oven; Refrigerator; Other - See Remarks
Supplements
The property contains a total of 12,197 square feet or 0.28 acres of land zoned BG, Business General District, and it's located within walking distance to shopping, YRMC Hospital, Prescott High School, Doctor's offices, and only minutes away from downtown Prescott. This is a great income generator property with a low vacancy rate. Current rental rates subject to change at rent renewal periods. Current Usage: Apartment Complex. Potential Usage: Sky is the limit!
Listing Office: Bear Creek Real Estate
Last Updated: October - 17 - 2019
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.
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