3220 N State Route 89, Prescott, AZ 86301
$1,400,000
Property Type:
Multi-Family
Square Footage:
5,889
Lot Size (sq. ft.):
40,075
Status:
Closed
Current Price:
$1,400,000
List Date:
10/11/2024
Last Modified:
3/03/2025
Overview
Description
Listing Details MLS# 1068140
ContractAddressLegal
- Original List Price
- 1599999
- Listing Price
- 1599999
- Street #
- 3220
- Direction
- N
- Street Name
- State Route 89
- City/Township
- Prescott
- State
- AZ
- Zip Code
- 86301
- County
- Yavapai
- Tax Parcel
- 106-13-018C
General Property Description
- Lot #
- na
- Bedrooms Possible
- 21
- Aprx Acres
- 0.92
- Total Liveable SqFt
- 5889
- Source of Measuremnt
- County Assessor
- Buildings
- 2
- Stories
- Yes
- Year Built
- 1963
- Management
- Owner
- Gross Vol/Yr $
- 264777
- NOI $
- 220777
- Cap %
- 13.9
- CAM $
- 47000
- HOA Y/N
- No
- Baths - Full
- 20
- More than 5 Units
- Yes
- Vac Rate %
- 0
Tax Info
- Taxes
- 6321
- Tax Year
- 2023
Status Change Info
- Under Contract Date
- 2025-01-22
- Sold Date
- 2025-02-28
- Sold Price/SqFt
- 238
- Financing
- Conventional
Unit 1
- # BA
- Yes
Unit 2
- # BA
- Yes
- SqFt
- 224
More Information
Unit 3
- # BA
- Yes
- SqFt
- 384
Contract/Address/Legal
- On-Market Date
- 2024-10-14
- List Price/SqFt
- 272
- Rent/Lease
- No
- Neighborhood
- N/A
- REO/Short Sale
- Not Applicable
- Zoning
- RS-35 and C1-2
- Assessor's Book #
- 106
- Assessor's Map #
- 13
- Assessor's Parcel #
- 18
- Assessor Parcel Ltr
- C
- Legal
- AN IRREG PCL ADJ TO THE WLY R/W OF US 89 THE NORTH COR LYNG APPRO X 900' W & 1060' S FROM THE N4 COR SEC 13-14-2W CONT .87AC
Remarks & Misc
- Directions
- 89A and Willow Lake Road North on 89A past Lillian Lane Turn West into driveway If you pass Gate Road on 89A you have gone too far
- Remarks
- Investment Opportunity: 20-Unit Apartment Complex in Prime Location Discover a rare value-add opportunity with this 20-unit apartment complex, ideally situated between Willow and Watson Lakes in the Dells. This property presents a unique chance for savvy investors to unlock its full potential and capitalize on a thriving rental market. Gross rent, NOI and GRM numbers are based on pro-forma. More details available for serious inquiries.
Building Type
- 5+ Units
- Yes
Construction
- Frame - Wood
- Yes
Cooling
- Evaporative Cooling
- Yes
- Room Refrigeration
- Yes
External Amenities
- None
- Yes
Flooring
- See Remarks
- Yes
Heating
- Baseboard
- Yes
Owner Pays
- Gas/Propane
- Yes
- Trash
- Yes
- Water
- Yes
Possession
- At Recordation
- Yes
Records Available
- None
- Yes
Road Frontage Type
- Highway
- Yes
Road Surface Type
- Paved
- Yes
Road Responsibility
- State Maintained Road
- Yes
Roof
- Asphalt Shingle
- Yes
Showing Requirements
- Call Listing Office
- Yes
Terms & Conditions
- 1031 Exchange
- Yes
- Conventional
- Yes
- Other - See Remarks
- Yes
Utilities Installed
- 220
- Yes
- Natural Gas
- Yes
- Water - Private Well
- Yes
- WWT - City Sewer
- Yes
Water Heater
- Two or More
- Yes
Unit 1 Parking
- 1 Car
- Yes
Unit 1 Info
- Other - See Remarks
- Yes
Unit 2 Parking
- 1 Car
- Yes
Unit 2 Info
- Other - See Remarks
- Yes
Unit 3 Parking
- 1 Car
- Yes
Unit 3 Info
- Other - See Remarks
- Yes
Property Features
Building Type:
5+ Units
Construction:
Frame - Wood
Cooling:
Evaporative Cooling; Room Refrigeration
External Amenities:
None
Flooring:
See Remarks
Heating:
Baseboard
Owner Pays:
Gas/Propane; Trash; Water
Possession:
At Recordation
Records Available:
None
Road Frontage Type:
Highway
Road Surface Type:
Paved
Road Responsibility:
State Maintained Road
Roof:
Asphalt Shingle
Showing Requirements:
Call Listing Office
Utilities Installed:
220; Natural Gas; Water - Private Well; WWT - City Sewer
Water Heater:
Two or More
Unit 1 Parking:
1 Car
Unit 1 Info:
Other - See Remarks
Unit 2 Parking:
1 Car
Unit 2 Info:
Other - See Remarks
Unit 3 Parking:
1 Car
Unit 3 Info:
Other - See Remarks
Listing Office:
Prescott Commercial Real Estate
Last Updated: March - 03 - 2025
The data relating to real estate for sale on this site comes from the Broker Reciprocity/IDX of Prescott Area Association of REALTORS. Information provided is thought to be reliable but is not guaranteed to be accurate. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.Real estate listings held by brokerage firms other than the website owner, are indicated by detailed information about them such as the name of the listing firms. Copyright© 2020 Prescott Area Association of REALTORS. All rights reserved.