1409 Paar Drive, Prescott, AZ 86305

$1,075,000

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Property Type: Multi-Family Square Footage: 2,627 Lot Size (sq. ft.): 56,192 Status: Closed

Current Price: $1,075,000 List Date: 4/15/2022 Last Modified: 6/20/2023

Overview

Description

Income Producer, all units leased. Take advantage of the additional parcel to Boost revenue! A Perfect property to implement the short term rental (Vacation Rental) strategy and/or add units to dramatically increase the revenue. Improvements to all 4 units made between 7/2021 - 12/2021. Please see details per seller in docs tab. Property Improvements - Per seller in docs tab Parcel 2: see attachment in docs tab. MULTIPLE OFFERS RECEIVED, ALL OFFERS REVIEWED & RESPONDED TO 5/7/22. ENTRY UPON CONTRACT ACCEPTANCE. Submit offers to: Michael@pacwestlending.com. CASH OFFERS: must provide proof of funds to close. FINANCED OFFERS: provide Loan approval & funds to close.

Listing Details MLS# 1046880

ContractAddressLegal

Original List Price: 1075000
Listing Price: 1075000
Street #: 1409
Street Name: Paar
St Suffix: Drive
City/Township: Prescott
State: AZ
Zip Code: 86305
Subdivision: Lincoln Park Tract
County: Yavapai
Tax Parcel: 111-09-072E

General Property Description

Lot #: 9
Aprx Acres: 1.29
Total Liveable SqFt: 2627
Source of Measuremnt: County Assessor
Buildings: 4
Stories: Yes
Year Built: 1940
Management: Owner
Gross Vol/Yr $: 79500
HOA Y/N: No
Baths - Full: 4
More than 5 Units: No
HOA Dues $: 0
Vac Rate %: 0

Tax Info

Taxes: 1881
Tax Year: 2021

Status Change Info

Under Contract Date: 2022-05-02
Sold Date: 2022-06-15
Sold Price/SqFt: 409
Financing: Conventional

Unit 1

Unit ID: 1409 1/2
# BR: 2
# BA: Yes
SqFt: 776
Tenant Utilities: ALL
Rent $: 1875

Unit 2

Unit ID: A
# BR: Yes
# BA: Yes
SqFt: 578
Tenant Utilities: ALL
Rent $: 1450

More Information

Unit 3

Unit ID: B
# BR: Yes
# BA: Yes
SqFt: 554
Tenant Utilities: ALL
Rent $: 1550
Furniture: Yes

Unit 4

Unit ID: C
# BR: Yes
# BA: Yes
SqFt: 916
Tenant Utilities: ALL
Rent $: 1750

Contract/Address/Legal

List Price/SqFt: 409
Rent/Lease: No
Neighborhood: N/A
REO/Short Sale: Not Applicable
Zoning: SF9
Assessor's Book #: 111
Assessor's Map #: 9
Assessor's Parcel #: 72
Assessor Parcel Ltr: E
Legal: LINCOLN PARK TRACT PER MAP 3/8 TWO DISCONTIGUOUS PARCELS BEING LO T 9 BLOCK 7 IN LINCOLN PARK AND ALSO BEING A PORTION OF SECTION 3 2, THE NE PARCEL CORNER BEING THE NORTHERN-MOST CORNER OF LOT 9 A KA PARCEL 072C AND 072D PER LS 2014-0033628 CONTAIN 1.29

Remarks & Misc

Directions: From Downtown Prescott: Head west on E Gurley St toward N Cortez St 1.3 mi Turn right onto Gail Gardner Way 0.4 mi Turn left onto Paar Dr Destination will be on the left 427 ft 1409 Paar Dr Prescott, AZ 86305
Remarks: Income Producer, all units leased. Take advantage of the additional parcel to Boost revenue! A Perfect property to implement the short term rental (Vacation Rental) strategy and/or add units to dramatically increase the revenue. Improvements to all 4 units made between 7/2021 - 12/2021. Please see details per seller in docs tab. Property Improvements - Per seller in docs tab Parcel 2: see attachment in docs tab. MULTIPLE OFFERS RECEIVED, ALL OFFERS REVIEWED & RESPONDED TO 5/7/22. ENTRY UPON CONTRACT ACCEPTANCE. Submit offers to: Michael@pacwestlending.com. CASH OFFERS: must provide proof of funds to close. FINANCED OFFERS: provide Loan approval & funds to close.

Office/Member Info

Listing Exclusions: No

Building Type

Fourplex: Yes
Residential+: Yes

Construction

Frame - Wood: Yes
Stucco: Yes

Cooling

Ceiling Fan(s): Yes
Central Refriger: Yes

External Amenities

Fence: Yes
Laundry Facilities: Yes
Patio/Deck/Balcony: Yes
Other - See Remarks: Yes

Flooring

Carpet: Yes
Concrete: Yes
Vinyl: Yes
Wood: Yes

Heating

Forced - Gas: Yes
Gas Stove: Yes
Natural Gas: Yes
Propane: Yes
Wall Unit: Yes
Wood Stove: Yes

Owner Pays

Sewer: Yes
Water: Yes

Possession

At Recordation: Yes

Records Available

None: Yes

Road Frontage Type

City Street: Yes

Road Surface Type

Paved: Yes

Road Responsibility

City Maintained Road: Yes

Roof

Asphalt Shingle: Yes

Terms & Conditions

Conventional: Yes

Utilities Installed

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

Water Heater

Natural Gas: Yes
Propane: Yes

Unit 1 Parking

Off Street: Yes

Unit 1 Info

Ceiling Fan(s): Yes
Fire/Smoke Detectors: Yes
Fireplace: Yes
Laundry Room: Yes
Range/Oven: Yes
Refrigerator: Yes
Storage Room: Yes
W/D Connection: Yes

Unit 2 Parking

Off Street: Yes

Unit 2 Info

Ceiling Fan(s): Yes
Dishwasher: Yes
Range/Oven: Yes
Refrigerator: Yes
W/D Connection: Yes

Unit 3 Parking

Off Street: Yes

Unit 3 Info

Ceiling Fan(s): Yes
Dishwasher: Yes
Disposal: Yes
Fire/Smoke Detectors: Yes
Microwave: Yes
Range/Oven: Yes
Refrigerator: Yes

Unit 4 Parking

Off Street: Yes

Unit 4 Info

Ceiling Fan(s): Yes
Dishwasher: Yes
Disposal: Yes
Fire/Smoke Detectors: Yes
Porch/Patio: Yes
Range/Oven: Yes
Refrigerator: Yes
W/D Connection: Yes

Property Features

Building Type: Fourplex; Residential+ Construction: Frame - Wood; Stucco Cooling: Ceiling Fan(s); Central Refriger External Amenities: Fence; Laundry Facilities; Patio/Deck/Balcony; Other - See Remarks Flooring: Carpet; Concrete; Vinyl; Wood Heating: Forced - Gas; Gas Stove; Natural Gas; Propane; Wall Unit; Wood Stove Owner Pays: Water Possession: At Recordation Records Available: None Road Frontage Type: City Street Road Surface Type: Paved Road Responsibility: City Maintained Road Roof: Asphalt Shingle Utilities Installed: 220; Cable TV; Electricity; Natural Gas; Telephone; Water - City; WWT - City Sewer Water Heater: Natural Gas; Propane Unit 1 Parking: Off Street Unit 1 Info: Ceiling Fan(s); Fire/Smoke Detectors; Fireplace; Laundry Room; Range/Oven; Refrigerator; Storage Room; W/D Connection Unit 2 Parking: Off Street Unit 2 Info: Ceiling Fan(s); Dishwasher; Range/Oven; Refrigerator; W/D Connection Unit 3: Furniture Unit 3 Parking: Off Street Unit 3 Info: Ceiling Fan(s); Dishwasher; Disposal; Fire/Smoke Detectors; Microwave; Range/Oven; Refrigerator Unit 4 Parking: Off Street Unit 4 Info: Ceiling Fan(s); Dishwasher; Disposal; Fire/Smoke Detectors; Porch/Patio; Range/Oven; Refrigerator; W/D Connection

Documents

Legal description ›

property overview - per seller ›

SPDS Seller Property Disclosure ›

Listing Office: Delex Realty, LLC

Last Updated: June - 20 - 2023

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