$2,998,700
Prescott, AZ 86303
MLS# 1064673
7832 sqft
1 / 73
Property Description
Exceptional Investment Opportunity in Prescott! A unique 12-unit complex boasting mountain views. This diverse property features a mix of studios, 1, 2, & 3-bedroom units, catering to a wide range of renters! All units equipped w/ new Mini Splits! Many apartments highlight elegant beamed ceilings, cozy rock fireplaces, & sliding glass doors to maximize the scenic views. The location offers both city & mountain panoramas, including Thumb Butte & Granite Mtn, & is conveniently situated near downtown Prescott for easy access to shopping and entertainment. Ample parking is available for tenants & guests alike. A communal coin-operated laundry room provides additional revenue. The property's MF-M zoning presents further development opportunities, promising even greater investment potential!
Details
Maps
Documents
Contract/Address/Legal
Original List Price: 2998700
Listing Date: 2024-05-21
Status: Active
Listing Price: 2998700
List Price/SqFt: 383
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 TH E W1/2 SE1/4 CONT APPROX 2.79AC SEC 3 13 2W 597/794
General Property Description
Lot Size: 123241
Aprx Acres: 2.83
Total Liveable SqFt: 7832
Source of Measuremnt: County Assessor
Buildings: 1
Stories: 2
Year Built: 1967
Management: Manager
Gross Vol/Yr $: 188700
Cap %: 5.5
HOA Y/N: No
Baths - Full: 12
More than 5 Units: Yes
Tax Info
Taxes: 3738
Tax Year: 2023
Remarks & Misc
Directions: E Gurley St - Turn left onto S Penn Ave - Continue onto Hillcrest Dr - Slight right onto Eastwood Dr - Turn left to stay on Eastwood Dr - Turn right onto Nevada Dr - Turn right
Office/Member Info
Listing Exclusions: No
Compensation: 2.5
Compensation Type: %
Unit 1
Unit ID: 1
# BR: 2
# BA: 1
SqFt: 900
Rent $: 1600
Unit 2
Unit ID: 2
# BA: 1
SqFt: 450
Rent $: 1000
Unit 3
Unit ID: 3
# BA: 1
SqFt: 450
Unit 4
Unit ID: 9
# BR: 3
# BA: 2
SqFt: 1200
Rent $: 2400
Unit 5
Unit ID: 12
# BR: 1
# BA: 1
SqFt: 600
Rent $: 1275
Property Features
Building Type: 5+ Units
Construction: Block; Frame - Wood; Stucco
Cooling: Ceiling Fan(s); Central Refriger; Room Refrigeration
External Amenities: Handicap Access; Laundry Facilities; Patio/Deck/Balcony
Flooring: Carpet; Laminate; Tile
Heating: Forced - Gas; Heat Pump; Natural Gas
Owner Pays: All
Records Available: Other - See Remarks
Road Frontage Type: City Street
Road Surface Type: Paved
Road Responsibility: City Maintained Road
Roof: Rolled/Hot Mop
Terms & Conditions: 1031 Exchange
Utilities Installed: Cable TV; Electricity; Natural Gas; Telephone; Water - City; WWT - City Sewer
Water Heater: Natural Gas
Unit 1 Parking: 2 Car
Unit 1 Info: Porch/Patio; Range/Oven; Refrigerator; Other - See Remarks
Unit 2 Parking: 1 Car
Unit 2 Info: Porch/Patio; Range/Oven; Refrigerator; Other - See Remarks
Unit 3 Parking: 1 Car
Unit 3 Info: Porch/Patio; Range/Oven; Refrigerator; Other - See Remarks
Unit 4 Parking: 2 Car
Unit 4 Info: Porch/Patio; Range/Oven; Refrigerator; Other - See Remarks
Unit 5 Parking: 1 Car
Unit 5 Info: Porch/Patio; Range/Oven; Refrigerator; Other - See Remarks
Features & Specifications 
Listing Office: Realty Executives AZ Territory
Last Updated: May - 21 - 2024
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.