247 S Pleasant Street, Prescott, AZ 86303
$925,000
Property Type:
Multi-Family
Square Footage:
4,155
Lot Size (sq. ft.):
7,405
Status:
Closed
Current Price:
$925,000
List Date:
11/20/2023
Last Modified:
12/21/2023
Overview
Description
Listing Details MLS# 1060641
ContractAddressLegal
- Original List Price
- 975000
- Listing Price
- 975000
- Street #
- 247
- Direction
- S
- Street Name
- Pleasant
- St Suffix
- Street
- City/Township
- Prescott
- State
- AZ
- Zip Code
- 86303
- County
- Yavapai
- Tax Parcel
- 110-01-041
General Property Description
- Lot #
- 24
- Aprx Acres
- 0.17
- Total Liveable SqFt
- 4155
- Source of Measuremnt
- County Assessor
- Buildings
- 2
- Stories
- 2
- Year Built
- 1974
- Management
- Mgmt Company
- Gross Vol/Yr $
- 99696
- NOI $
- 62745.52
- Cap %
- 6.4
- CAM $
- 7485.24
- GRM
- 9.1
- Lease Expires
- 2023-11-30
- HOA Y/N
- No
- Baths - Full
- 4
- More than 5 Units
- No
- Vac Rate %
- 0
Tax Info
- Taxes
- 2190
- Tax Year
- 2023
Status Change Info
- Under Contract Date
- 2023-11-28
- Sold Date
- 2023-12-21
- Sold Price/SqFt
- 223
- Financing
- Seller Financing
Unit 1
- Unit ID
- House
- SqFt
- 987
- Rent $
- 1500
Unit 2
- Unit ID
- Unit 1
- SqFt
- 1056
- Rent $
- 950
More Information
Unit 3
- Unit ID
- Unit 2
- SqFt
- 1056
- Rent $
- 1250
Unit 4
- Unit ID
- Unit 3
- SqFt
- 1056
- Rent $
- 1250
Contract/Address/Legal
- List Price/SqFt
- 235
- Rent/Lease
- No
- Neighborhood
- N/A
- REO/Short Sale
- Not Applicable
- Zoning
- MF-M
- Assessor's Book #
- 110
- Assessor's Map #
- Yes
- Assessor's Parcel #
- 41
- Legal
- EAST PRESCOTT LOT 24 BLK 4
Remarks & Misc
- Directions
- At the corner of South Pleasant Street and Carleton Street.
- Remarks
- This perfectly located triplex with a house attached, is a great investment opportunity. Currently all four units are fully leased out with month to month lease agreements. On a proforma valuation with $2.00 PSF Monthly rents and the current operating expenses this property will be a 6.4% CAP RATE. The house is 987 square feet and currently is rented for $1,500.00 monthly. The triplex's are each 1056 square feet, the second story units are rented for $1,250.00 monthly and the lower unit is $700.00 monthly. Lots of parking with Garages, onsite spaces and additional options for driveway and street parking. This property is located downtown only minutes away from the court house.
Building Type
- Fourplex
- Yes
Construction
- Frame - Wood
- Yes
- Stucco
- Yes
Cooling
- Ceiling Fan(s)
- Yes
- Room Refrigeration
- Yes
External Amenities
- Landscaped
- Yes
- Patio/Deck/Balcony
- Yes
Flooring
- Carpet
- Yes
- Laminate
- Yes
- Tile
- Yes
Heating
- Electric
- Yes
- Natural Gas
- Yes
- Wall Unit
- Yes
Owner Pays
- None
- Yes
Possession
- At Recordation
- Yes
Records Available
- None
- Yes
Road Frontage Type
- City Street
- Yes
Road Surface Type
- Asphalt
- Yes
- Paved
- Yes
Road Responsibility
- City Maintained Road
- Yes
Roof
- Asphalt Shingle
- Yes
Terms & Conditions
- 1031 Exchange
- Yes
- Conventional
- Yes
- FHA
- Yes
- Free and Clear
- Yes
- Submit
- Yes
Utilities Installed
- 220
- Yes
- Electricity
- Yes
- Master Meter
- Yes
- Natural Gas
- Yes
- Water - City
- Yes
- WWT - City Sewer
- Yes
Water Heater
- Electric
- Yes
- Natural Gas
- Yes
Unit 1 Parking
- 2 Car
- Yes
- Off Street
- Yes
Unit 2 Parking
- 1 Car
- Yes
- Attached
- Yes
- Garage
- Yes
- Off Street
- Yes
Unit 2 Info
- Ceiling Fan(s)
- Yes
- Porch/Patio
- Yes
Unit 3 Parking
- 1 Car
- Yes
- Detached
- Yes
- Garage
- Yes
Unit 4 Parking
- 1 Car
- Yes
- Detached
- Yes
- Garage
- Yes
- Off Street
- Yes
Unit 4 Info
- Porch/Patio
- Yes
Property Features
Building Type:
Fourplex
Construction:
Frame - Wood; Stucco
Cooling:
Ceiling Fan(s); Room Refrigeration
External Amenities:
Landscaped; Patio/Deck/Balcony
Flooring:
Carpet; Laminate; Tile
Heating:
Electric; Natural Gas; Wall Unit
Owner Pays:
None
Possession:
At Recordation
Records Available:
None
Road Frontage Type:
City Street
Road Surface Type:
Asphalt; Paved
Road Responsibility:
City Maintained Road
Roof:
Asphalt Shingle
Utilities Installed:
220; Electricity; Master Meter; Natural Gas; Water - City; WWT - City Sewer
Water Heater:
Electric; Natural Gas
Unit 1 Parking:
2 Car; Off Street
Unit 2 Parking:
1 Car; Attached; Garage; Off Street
Unit 2 Info:
Ceiling Fan(s); Porch/Patio
Unit 3 Parking:
1 Car; Detached; Garage
Unit 4 Parking:
1 Car; Detached; Garage; Off Street
Unit 4 Info:
Porch/Patio
Listing Office:
Prescott Commercial Real Estate
Last Updated: December - 21 - 2023
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