403 Clark Street, Jerome, AZ 86331
$3,000,000
Property Type:
Multi-Family
Square Footage:
21,849
Lot Size (sq. ft.):
50,965
Status:
Closed
Current Price:
$3,000,000
List Date:
5/03/2025
Last Modified:
9/12/2025
Description
Step back in time and own a piece of Jerome history! Perched majestically on the Jerome Hillside, overlooking the stunning Verde Valley, this 107-year-old gem whispers tales of the past. Originally built in 1918 by the UVX Mining Company to house its medical staff, this mixed-use property boasts timeless architecture and a prime location in the heart of Jerome's bustling visitor district. Featuring 21 residential units, 9 commercial spaces, and an adjacent 0.61-acre parking lot (48 spaces), this 21,850 sq ft property offers significant upside potential. Capitalize on the opportunity to increase rents, fill vacancies, and develop the additional lot for even greater income streams. With its captivating history, walkable location, diverse tenant mix, and 315 feet of highway frontage you can
More Information MLS# 1072946
Contract/Address/Legal
List Price/SqFt: 183
Rent/Lease: No
Neighborhood: N/A
REO/Short Sale: Not Applicable
Zoning: C1
Assessor's Book #: 401
Assessor's Map #: 6
Assessor's Parcel #: 152
Assessor Parcel Ltr: h
Legal: VERDE DIST AN IRREG PCL PTN HERMIT CLAIM SW COR APPROX 358' NELY ALONG 2/3 LINE 12' N FROM COR 33 OF CLAIM SEC 22-16-2E CONT .56AC 3377/208
General Property Description
Aprx Acres: 1.17
Lot #: 1
Lot Size: 50965.2
HOA Y/N: No
Buildings: 1
Source of Measuremnt: County Assessor
Stories: 3
Management: Owner
Gross Vol/Yr $: 313572
Vac Rate %: 16
CAM $: 33572
More than 5 Units: Yes
Total Liveable SqFt: 21849
Year Built: 1918
NOI $: 280000
Cap %: 7
Baths - Full: 30
Tax Info
Taxes: 7478
Asmts Freq: Annual
Tax Year: 2024
Builder Name: UVX Mining Company
Remarks & Misc
Directions: SR89A into Jerome. Just West of Haunted Hamburger
Remarks: Step back in time and own a piece of Jerome history! Perched majestically on the Jerome Hillside, overlooking the stunning Verde Valley, this 107-year-old gem whispers tales of the past. Originally built in 1918 by the UVX Mining Company to house its medical staff, this mixed-use property boasts timeless architecture and a prime location in the heart of Jerome's bustling visitor district. Featuring 21 residential units, 9 commercial spaces, and an adjacent 0.61-acre parking lot (48 spaces), this 21,850 sq ft property offers significant upside potential. Capitalize on the opportunity to increase rents, fill vacancies, and develop the additional lot for even greater income streams. With its captivating history, walkable location, diverse tenant mix, and 315 feet of highway frontage you can
Office/Member Info
Listing Exclusions: No
Status Change Info
Sold Price/SqFt: 137
Financing: Cash
Under Contract Date: 2025-09-01
Sold Date: 2025-09-04
Sold Price: $3,000,000
Building Type
5+ Units: 1
Construction
Block: 1
Frame - Wood: 1
Stucco: 1
Cooling
Ceiling Fan(s): 1
Evaporative Cooling: 1
Mini-Split: 1
Room Refrigeration: 1
External Amenities
Landscaped: 1
Laundry Facilities: 1
Patio/Deck/Balcony: 1
Separate Storage: 1
Flooring
Carpet: 1
Concrete: 1
Tile: 1
Heating
Baseboard: 1
Electric: 1
Forced - Gas: 1
Natural Gas: 1
Wall Unit: 1
Owner Pays
Other - See Remarks: 1
Possession
At Recordation: 1
Records Available
None: 1
Road Frontage Type
City Street: 1
State Road: 1
Road Surface Type
Alley Paved: 1
Asphalt: 1
Concrete: 1
Paved: 1
Road Responsibility
City Maintained Road: 1
State Maintained Road: 1
Roof
Rolled/Hot Mop: 1
Terms & Conditions
1031 Exchange: 1
Conventional: 1
Submit: 1
Utilities Installed
Electricity: 1
Individual Meter: 1
Master Meter: 1
Natural Gas: 1
Telephone: 1
Underground: 1
Water - City: 1
WWT - City Sewer: 1
Water Heater
Electric: 1
Tankless Water Heater: 1
Two or More: 1
ContractAddressLegal
Original List Price: 4000000
Listing Date: 2025-05-02
Status: Closed
Listing Price: 4000000
Street #: 403
Street Name: Clark
St Suffix: Street
City/Township: Jerome
State: AZ
Zip Code: 86331
Subdivision: None
County: Yavapai
Tax Parcel: 401-06-152h
Property Features
Building Type: 5+ Units
Construction: Block; Frame - Wood; Stucco
Cooling: Ceiling Fan(s); Evaporative Cooling; Mini-Split; Room Refrigeration
External Amenities: Landscaped; Laundry Facilities; Patio/Deck/Balcony; Separate Storage
Flooring: Carpet; Concrete; Tile
Heating: Baseboard; Electric; Forced - Gas; Natural Gas; Wall Unit
Owner Pays: Other - See Remarks
Possession: At Recordation
Records Available: None
Road Frontage Type: City Street; State Road
Road Surface Type: Alley Paved; Asphalt; Concrete; Paved
Road Responsibility: City Maintained Road; State Maintained Road
Roof: Rolled/Hot Mop
Utilities Installed: Electricity; Individual Meter; Master Meter; Natural Gas; Telephone; Underground; Water - City; WWT - City Sewer
Water Heater: Electric; Tankless Water Heater; Two or More
Listing Office:
Prescott Commercial Real Estate
Last Updated: September - 12 - 2025
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