223 E Willis Street, Prescott, AZ 86301

$1,040,000

Property Type: Multi-Family Square Footage: 4,563 Lot Size (sq. ft.): 2,614 Status: Closed

Current Price: $1,040,000 List Date: 12/29/2020 Last Modified: 6/20/2023

Overview

Description

The Willis Commons is an 8-unit apartment complex that is being offered For Sale at $1,095,000 which is $136,875/unit and a 7.0% going in Cap Rate. The property is a 2-story interior walk-up complex and is comprised of +/-4,563 sf. This building was originally constructed in 1900 and has undergone various renovations, upgrades, and modernizations in the recent past. The property is situated on the southwest corner Willis & Alarcon on a .06 acres with street frontage and viability from both streets and is only a few blocks from the Courthouse Square. All units include a refrigerators, microwaves, cooktops, a kitchen sink and electric heaters. Each unit ranges in size from approx. 300 sf to 700 sf with a unit mix of 6 studios and two 1-bedroom units. All utilities including internet and cabl

Supplements: The Willis Commons is an 8-unit apartment complex that is being offered For Sale at $1,095,000 which is $136,875/unit and a 7.0% going in Cap Rate. The property is a 2-story interior walk-up complex and is comprised of +/-4,563 sf. This building was originally constructed in 1900 and has undergone various renovations, upgrades, and modernizations i ... (Read more)

Listing Details MLS# 1035067

ContractAddressLegal

Original List Price: 1095000
Listing Price: 1095000
Street #: 223
Direction: E
Street Name: Willis
St Suffix: Street
City/Township: Prescott
State: AZ
Zip Code: 86301
County: Yavapai
Tax Parcel: 113-16-067

General Property Description

Lot #: Yes
Aprx Acres: 0.06
Total Liveable SqFt: 4563
Source of Measuremnt: County Assessor
Stories: 2
Year Built: 1945
Management: Owner
Baths - Full: 8
More than 5 Units: Yes

Tax Info

Taxes: 2303
Tax Year: 2020

Status Change Info

Under Contract Date: 2020-12-29
Sold Date: 2021-03-03
Sold Price/SqFt: 228
Financing: Conventional

Contract/Address/Legal

List Price/SqFt: 240
Rent/Lease: Yes
REO/Short Sale: Not Applicable
Zoning: DTB
Assessor's Book #: 113
Assessor's Map #: 16
Assessor's Parcel #: 67
Legal: PRESCOTT E 52.8' LOT 1 BLK 10 AP1

Remarks & Misc

Directions: From downtown Prescott head east on gurley st. Turn Left on Alacron and go 1 block to Willis St. This two story apartment complex is located on the South West Corner of E. Willis St and Alarcon.
Remarks: The Willis Commons is an 8-unit apartment complex that is being offered For Sale at $1,095,000 which is $136,875/unit and a 7.0% going in Cap Rate. The property is a 2-story interior walk-up complex and is comprised of +/-4,563 sf. This building was originally constructed in 1900 and has undergone various renovations, upgrades, and modernizations in the recent past. The property is situated on the southwest corner Willis & Alarcon on a .06 acres with street frontage and viability from both streets and is only a few blocks from the Courthouse Square. All units include a refrigerators, microwaves, cooktops, a kitchen sink and electric heaters. Each unit ranges in size from approx. 300 sf to 700 sf with a unit mix of 6 studios and two 1-bedroom units. All utilities including internet and cabl

More Information

Building Type

5+ Units: Yes
Other - See Remarks: Yes

Construction

Block: Yes
Brick: Yes

Cooling

Ceiling Fan(s): Yes
Other: Yes
See Remarks: Yes

External Amenities

Landscaped: Yes
Laundry Facilities: Yes
Other - See Remarks: Yes

Flooring

Carpet: Yes
Vinyl: Yes

Heating

Other: Yes
See Remarks: Yes

Owner Pays

All: Yes
Other - See Remarks: 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
Other - See Remarks: Yes

Utilities Installed

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

Water Heater

Central Boiler: Yes
Natural Gas: Yes

Property Features

Building Type: 5+ Units; Other - See Remarks Construction: Block; Brick Cooling: Ceiling Fan(s); Other; See Remarks External Amenities: Landscaped; Laundry Facilities; Other - See Remarks Flooring: Carpet; Vinyl Heating: Other; See Remarks Owner Pays: All; Other - See Remarks Possession: At Recordation Records Available: None Road Frontage Type: City Street Road Surface Type: Paved Road Responsibility: City Maintained Road Roof: Asphalt Shingle; Other - See Remarks Utilities Installed: Cable TV; Electricity; Master Meter; Natural Gas; Telephone; Water - City; WWT - City Sewer Water Heater: Central Boiler; Natural Gas

Listing Office: Better Homes And Gardens Real Estate Bloomtree Realty

Last Updated: June - 20 - 2023

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