849 Sunset Avenue, Prescott, AZ 86305
$3,150,000
Property Type:
Commercial/Indstrial
Square Footage:
13,288
Lot Size (sq. ft.):
20,909
Status:
Active
Current Price:
$3,150,000
List Date:
11/22/2023
Last Modified:
11/14/2024
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!
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!
More Information MLS# 1060687
ContractAddressLegal
Original List Price: 4250000
Listing Date: 2023-11-22
Status: Active
Listing Price: 3150000
Street #: 849
Street Name: Sunset
St Suffix: Avenue
City/Township: Prescott
State: AZ
Zip Code: 86305
Subdivision: Gardenland Tract
County: Yavapai
Tax Parcel: 111-11-136B
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 %: 4.85
CAM $: 3683
Baths - Full: 16
GRM: 15.41
Property Use: Vacant/Owner Users
Construction Status: Existing
CC & R Fees: 13289
Tax Info
Taxes: 4560
Tax Year: 2023
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
Utilities Installed: 220; Electricity; Telephone; Underground; Water - City; WWT - City Sewer
Listing Office: Realty Executives AZ Territory
Last Updated: November - 14 - 2024
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