105 S Alarcon Street, Prescott, AZ 86303

$1,618,000

Basement apartment - stonework foundation

Property Type: Multi-Family Square Footage: 7,274 Lot Size (sq. ft.): 8,276 Status: Closed

Current Price: $1,618,000 List Date: 9/03/2020 Last Modified: 12/18/2020

Overview

Description

The Gage Murphy Mansion is a crown jewel from the early days of Prescott. Originally constructed in 1895 as the family home of business tycoon E.B. Gage, this restored monument of local history has been just steps away from the heart of Prescott for 125 years --it has seen it all! The Mansion currently operates as a fully functional luxury apartment building, with four furnished short-term units, five long term units and one private guest quarter with ensuite bath. Tenants enjoy use of common spaces including the historic front porch, formal front lobby, shaded rear patio and on-site laundry. Each apartment has one designated off-street parking space. This is an opportunity to invest in a polished gem that embodies the priceless charm of downtown Prescott.

Listing Details MLS# 1032506

ContractAddressLegal

Original List Price: 1650000
Listing Price: 1650000
Street #: 105
Direction: S
Street Name: Alarcon
St Suffix: Street
City/Township: Prescott
State: AZ
Zip Code: 86303
County: Yavapai
Tax Parcel: 109-01-052

General Property Description

Lot #: A
Aprx Acres: 0.19
Total Liveable SqFt: 7274
Source of Measuremnt: County Assessor
Stories: 4
Year Built: 1895
Management: Mgmt Company
Gross Vol/Yr $: 129960
NOI $: 109085.52
Vac Rate %: 10
Cap %: 6
Baths - Full: 9

Tax Info

Taxes: 3039
Tax Year: 2019

Status Change Info

Under Contract Date: 2020-09-18
Sold Date: 2020-12-17
Sold Price/SqFt: 222
Financing: Conventional

Contract/Address/Legal

List Price/SqFt: 227
Rent/Lease: No
REO/Short Sale: Not Applicable
Zoning: BG
Assessor's Book #: 109
Assessor's Map #: Yes
Assessor's Parcel #: 52
Legal: LOT A BLOCK 17 PRESCOTT BOOK 4 PAGE 22

Remarks & Misc

Directions: From Prescott Courthouse Square, travel east on Gurley St two blocks to Alarcon St. Property is one door down from the south east corner of Gurley and Alarcon.
Remarks: The Gage Murphy Mansion is a crown jewel from the early days of Prescott. Originally constructed in 1895 as the family home of business tycoon E.B. Gage, this restored monument of local history has been just steps away from the heart of Prescott for 125 years --it has seen it all! The Mansion currently operates as a fully functional luxury apartment building, with four furnished short-term units, five long term units and one private guest quarter with ensuite bath. Tenants enjoy use of common spaces including the historic front porch, formal front lobby, shaded rear patio and on-site laundry. Each apartment has one designated off-street parking space. This is an opportunity to invest in a polished gem that embodies the priceless charm of downtown Prescott.

More Information

Building Type

5+ Units: Yes

Construction

Block: Yes
Frame - Wood: Yes
Stone: Yes

Cooling

Ceiling Fan(s): Yes
Room Refrigeration: Yes

External Amenities

Fence: Yes
Landscaped: Yes
Laundry Facilities: Yes
Patio/Deck/Balcony: Yes
Sprinkler/Drip: Yes

Flooring

Concrete: Yes
Tile: Yes
Vinyl: Yes
Wood: Yes

Heating

Radiant: Yes

Owner Pays

All: Yes

Possession

At Recordation: Yes

Records Available

None: Yes

Road Frontage Type

City Street: Yes

Road Surface Type

Paved: Yes

Roof

Asphalt Shingle: Yes

Terms & Conditions

1031 Exchange: Yes
Conventional: Yes

Utilities Installed

220: Yes
Cable TV: Yes
Electricity: Yes
Master Meter: Yes
Natural Gas: Yes
Water - City: Yes
WWT - City Sewer: Yes

Water Heater

Central Boiler: Yes
Natural Gas: Yes

Property Features

Building Type: 5+ Units Construction: Block; Frame - Wood; Stone Cooling: Ceiling Fan(s); Room Refrigeration External Amenities: Fence; Landscaped; Laundry Facilities; Patio/Deck/Balcony; Sprinkler/Drip Flooring: Concrete; Tile; Vinyl; Wood Heating: Radiant Owner Pays: All Possession: At Recordation Records Available: None Road Frontage Type: City Street Road Surface Type: Paved Roof: Asphalt Shingle Utilities Installed: 220; Cable TV; Electricity; Master Meter; Natural Gas; Water - City; WWT - City Sewer Water Heater: Central Boiler; Natural Gas

Listing Office: Realty ONE Group Mountain Desert

Last Updated: December - 18 - 2020

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