312 Bridge Street, Prescott, AZ 86303

$1,520,000

Property Type: Multi-Family Square Footage: 7,040 Lot Size (sq. ft.): 9,583 Status: Closed

Current Price: $1,520,000 List Date: 2/28/2022 Last Modified: 12/09/2024

Overview

Description

312 and 314 Bridge St. to be sold together. Shared driveways and parking and shared coin operated laundry facility. Unique Prescott 8plex. This property has been professionally managed and excellently maintained for decades. Current rental rates below market and this property still has incredible/steady cash flow. 312 has AC and 314 will have new AC units installed in March 2022. Great location a block or so from Downtown Prescott. Ample parking for each building and covered parking on lower level for 312. Each unit has 1 full bath and a ''vanity'' space. Incredible opportunity to own a large money making property in Prescott

Listing Details MLS# 1045564

ContractAddressLegal

Original List Price: 1690000
Listing Price: 1690000
Street #: 312
Street Name: Bridge
St Suffix: Street
City/Township: Prescott
State: AZ
Zip Code: 86303
Subdivision: Murphys
County: Yavapai
Tax Parcel: 109-08-087A

General Property Description

Lot #: Yes
Aprx Acres: 0.22
Total Liveable SqFt: 7040
Source of Measuremnt: County Assessor
Buildings: 2
Stories: 2
Year Built: 1979
Management: Mgmt Company
Gross Vol/Yr $: 70099
Vac Rate %: 5
HOA Y/N: No
Baths - Full: 8
More than 5 Units: Yes

Tax Info

Taxes: 1794
Tax Year: 2021

Status Change Info

Under Contract Date: 2022-03-02
Sold Date: 2022-04-20
Sold Price/SqFt: 216
Financing: Cash

Unit 1

Unit ID: Yes
# BR: 2
# BA: Yes
SqFt: 880
Rent $: 755

Unit 2

Unit ID: 2
# BR: 2
# BA: Yes
SqFt: 880
Rent $: 850

More Information

Unit 3

Unit ID: 3
# BR: 2
# BA: Yes
SqFt: 880
Rent $: 755

Unit 4

Unit ID: 4
# BR: 2
# BA: Yes
SqFt: 880
Rent $: 850

Unit 5

Unit ID: 5
# BR: 2
# BA: Yes
SqFt: 880
Rent $: 730

Contract/Address/Legal

List Price/SqFt: 240
Rent/Lease: No
Neighborhood: N/A
REO/Short Sale: Not Applicable
Zoning: MF-H
Assessor's Book #: 109
Assessor's Map #: 8
Assessor's Parcel #: 87
Assessor Parcel Ltr: A
Legal: LOT 1 & S2 OF ABANDONED GLENWOODAVE ADJ TO THE N LINE OF LOT 1 BLOCK 10 MURPHYS 3RD ADD BOOK 2 PAGE 31

Remarks & Misc

Directions: Goodwin St to Summit to corner of Summit and Bridge St
Remarks: 312 and 314 Bridge St. to be sold together. Shared driveways and parking and shared coin operated laundry facility. Unique Prescott 8plex. This property has been professionally managed and excellently maintained for decades. Current rental rates below market and this property still has incredible/steady cash flow. 312 has AC and 314 will have new AC units installed in March 2022. Great location a block or so from Downtown Prescott. Ample parking for each building and covered parking on lower level for 312. Each unit has 1 full bath and a ''vanity'' space. Incredible opportunity to own a large money making property in Prescott

Building Type

5+ Units: Yes

Construction

Frame - Steel: Yes

Cooling

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

External Amenities

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

Flooring

Carpet: Yes
Vinyl: Yes

Heating

Forced - Gas: Yes

Owner Pays

Trash: Yes
Water: Yes

Possession

At Recordation: Yes

Records Available

None: Yes

Road Frontage Type

City Street: Yes

Road Responsibility

City Maintained Road: Yes

Roof

Asphalt Shingle: Yes

Terms & Conditions

1031 Exchange: Yes
Conventional: Yes

Utilities Installed

Electricity: Yes
Individual Meter: Yes
Natural Gas: Yes
Water - City: Yes
WWT - City Sewer: Yes

Water Heater

Natural Gas: Yes

Unit 1 Parking

1 Car: Yes
Off Street: Yes
Other - See Remarks: Yes

Unit 1 Info

Dishwasher: Yes
Fire/Smoke Detectors: Yes
Porch/Patio: Yes
Range/Oven: Yes
Refrigerator: Yes
Other - See Remarks: Yes

Unit 2 Parking

1 Car: Yes
Off Street: Yes
Other - See Remarks: Yes

Unit 2 Info

Dishwasher: Yes
Fire/Smoke Detectors: Yes
Porch/Patio: Yes
Range/Oven: Yes
Refrigerator: Yes
Other - See Remarks: Yes

Unit 3 Parking

1 Car: Yes
Off Street: Yes
Other - See Remarks: Yes

Unit 3 Info

Dishwasher: Yes
Fire/Smoke Detectors: Yes
Porch/Patio: Yes
Range/Oven: Yes
Refrigerator: Yes
Other - See Remarks: Yes

Unit 4 Parking

1 Car: Yes
Off Street: Yes
Other - See Remarks: Yes

Unit 4 Info

Dishwasher: Yes
Fire/Smoke Detectors: Yes
Porch/Patio: Yes
Range/Oven: Yes
Refrigerator: Yes
Other - See Remarks: Yes

Unit 5 Parking

1 Car: Yes
Off Street: Yes
Other - See Remarks: Yes

Unit 5 Info

Dishwasher: Yes
Fire/Smoke Detector: Yes
Porch/Patio: Yes
Range/Oven: Yes
Refrigerator: Yes
Other - See Remarks: Yes

Property Features

Building Type: 5+ Units Construction: Frame - Steel Cooling: Ceiling Fan(s); Central Refriger; Other; See Remarks External Amenities: Laundry Facilities; Patio/Deck/Balcony; Separate Storage; Other - See Remarks Flooring: Carpet; Vinyl Heating: Forced - Gas Owner Pays: Trash; Water Possession: At Recordation Records Available: None Road Frontage Type: City Street Road Responsibility: City Maintained Road Roof: Asphalt Shingle Utilities Installed: Electricity; Individual Meter; Natural Gas; Water - City; WWT - City Sewer Water Heater: Natural Gas Unit 1 Parking: 1 Car; Off Street; Other - See Remarks Unit 1 Info: Dishwasher; Fire/Smoke Detectors; Porch/Patio; Range/Oven; Refrigerator; Other - See Remarks Unit 2 Parking: 1 Car; Off Street; Other - See Remarks Unit 2 Info: Dishwasher; Fire/Smoke Detectors; Porch/Patio; Range/Oven; Refrigerator; Other - See Remarks Unit 3 Parking: 1 Car; Off Street; Other - See Remarks Unit 3 Info: Dishwasher; Fire/Smoke Detectors; Porch/Patio; Range/Oven; Refrigerator; Other - See Remarks Unit 4 Parking: 1 Car; Off Street; Other - See Remarks Unit 4 Info: Dishwasher; Fire/Smoke Detectors; Porch/Patio; Range/Oven; Refrigerator; Other - See Remarks Unit 5 Parking: 1 Car; Off Street; Other - See Remarks Unit 5 Info: Dishwasher; Fire/Smoke Detector; Porch/Patio; Range/Oven; Refrigerator; Other - See Remarks

Listing Office: Southwest Property Sales Leasing

Last Updated: December - 09 - 2024

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