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
Description
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.
More Information MLS# 1068140
ContractAddressLegal
Original List Price: 1599999
Listing Date: 2024-10-10
Status: Closed
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
Lot Size: 39902
Aprx Acres: 0.92
Total Liveable SqFt: 5889
Source of Measuremnt: County Assessor
Buildings: 2
Stories: 1
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
Tax Info
Taxes: 6321
Tax Year: 2023
Status Change Info
Under Contract Date: 2025-01-22
Sold Date: 2025-02-28
Sold Price: $1,400,000
Sold Price/SqFt: 238
Financing: Conventional
Unit 1
# BA: 1
Unit 2
# BA: 1
SqFt: 224
Unit 3
# BA: 1
SqFt: 384
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 Instructions: 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
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