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

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.

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

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

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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