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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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