409 S Montezuma Street, Prescott, AZ 86303
$875,000
Property Type:
Commercial/Indstrial
Square Footage:
6,229
Status:
Closed
Current Price:
$875,000
List Date:
3/09/2019
Last Modified:
6/20/2023
Description
Extended Stay & Transient Motel FOR SALE in Downtown Prescott offered at $895,000. The Gordon James Motel is one of only a few daily, weekly monthly rentals in the Prescott area. This Turn-key opportunity offers all furniture, fixtures and equipment, name and brand all with great cash flow & upside. Situated on approx. .33 acres, there are 12 units: 10 one-bedroom units of approx. 500 sf each offering a kitchen, living room and bathroom; 1 two-bedroom unit approx. 855 sf including a full kitchen, large living room and full bath and one studio unit approx. 374 sf with kitchen and bathroom. There are 12 on-site parking spaces along with an on-site Manager's office and coin operated laundry room. All units offer wi-fi, cable and all utilities. The property is in very good (CLICK MORE TAB...)
Supplements: Extended Stay & Transient Motel FOR SALE in Downtown Prescott offered at $895,000. The Gordon James Motel is one of only a few daily, weekly monthly rentals in the Prescott area. This Turn-key opportunity offers all furniture, fixtures and equipment, name and brand all with great cash flow & upside. Situated on approx. .33 acres, there are 12 units: 10 one-bedroom units of approx. 500 sf each offering a kitchen, living room and bathroom; 1 two-bedroom unit approx. 855 sf including a full kitchen, large living room and full bath and one studio unit approx. 374 sf with kitchen and bathroom. There are 12 on-site parking spaces along with an on-site Manager's office and coin operated laundry room. All units offer wi-fi, cable and all utilities. The property is in very good condition with many recent renovations made. Very low historical vacancy. This is a wonderful investments opportunity in downtown Prescott.
More Information MLS# 1019020
Contract/Address/Legal
List Price/SqFt: 144
Comm Type: Hotel/Motel
REO/Short Sale: Not Applicable
Zoning: BR
Business Name: Gordon James Motel
Zoning Description: Business Regional
Assessor's Book #: 109
Assessor's Map #: 3
Assessor's Parcel #: 81
General Property Description
Buildings: 2
Source of Measuremnt: County Assessor
Parking Spaces: 12
Vac Rate %: 0
CAM $: 0
GRM: 0
Total Liveable SqFt: 6229
Year Built: 1963
Baths - Full: 12
Tax Info
Taxes: 4037
Tax Year: 2018
Remarks & Misc
Directions: From the downtown Courthouse, go approx. 2 blocks South on Montezuma to the Property on Left.
Remarks: Extended Stay & Transient Motel FOR SALE in Downtown Prescott offered at $895,000. The Gordon James Motel is one of only a few daily, weekly monthly rentals in the Prescott area. This Turn-key opportunity offers all furniture, fixtures and equipment, name and brand all with great cash flow & upside. Situated on approx. .33 acres, there are 12 units: 10 one-bedroom units of approx. 500 sf each offering a kitchen, living room and bathroom; 1 two-bedroom unit approx. 855 sf including a full kitchen, large living room and full bath and one studio unit approx. 374 sf with kitchen and bathroom. There are 12 on-site parking spaces along with an on-site Manager's office and coin operated laundry room. All units offer wi-fi, cable and all utilities. The property is in very good (CLICK MORE TAB...)
Status Change Info
Sold Price/SqFt: 140
Financing: Conventional
Under Contract Date: 2019-06-26
Sold Date: 2019-08-28
Sold Price: $875,000
Building Type
Motel/Hotel: 1
Construction
Frame - Wood: 1
Stucco: 1
Cooling
Ceiling Fan(s): 1
Gas Pack: 1
Heat Pump: 1
Other: 1
See Remarks: 1
External Amenities
Handicap Access: 1
Landscaped: 1
Paved Parking: 1
Flooring
Carpet: 1
Vinyl: 1
Heating
Electric: 1
Natural Gas: 1
Possession
At Recordation: 1
Records Available
Other - See Remarks: 1
Road Responsibility
City: 1
City Maintained Road: 1
Paved: 1
Roof
Asphalt Shingle: 1
Bathrooms
Interior: 1
Business Location
Freestanding Bldg: 1
Commercial Amenities
Ceiling Ht. Under 12: 1
Utilities Installed
Electricity: 1
Master Meter: 1
Natural Gas: 1
Telephone: 1
Underground: 1
Water - City: 1
WWT - City Sewer: 1
Internal Amenities
Bathroom: 1
Ceiling Fan(s): 1
Fire/Smoke Detector: 1
Kitchen: 1
Parking
On-Site: 1
ContractAddressLegal
Original List Price: 895000
Listing Date: 2019-03-08
Status: Closed
Listing Price: 895000
Street #: 409
Direction: S
Street Name: Montezuma
St Suffix: Street
City/Township: Prescott
State: AZ
Zip Code: 86303
County: Yavapai
Tax Parcel: 109-03-081
Property Features
Bathrooms: Interior
Building Type: Motel/Hotel
Business Location: Freestanding Bldg
Commercial Amenities: Ceiling Ht. Under 12
Construction: Frame - Wood; Stucco
Cooling: Ceiling Fan(s); Gas Pack; Heat Pump; Other; See Remarks
External Amenities: Handicap Access; Landscaped; Paved Parking
Flooring: Carpet; Vinyl
Heating: Electric; Natural Gas; Natural Gas
Internal Amenities: Bathroom; Ceiling Fan(s); Fire/Smoke Detector; Kitchen
Parking: On-Site
Possession: At Recordation
Records Available: Other - See Remarks
Road Responsibility: City Maintained Road; Paved
Roof: Asphalt Shingle
Utilities Installed: Electricity; Master Meter; Natural Gas; Telephone; Underground; Water - City; WWT - City Sewer
Listing Office:
Better Homes And Gardens Real Estate Bloomtree Realty
Last Updated: June - 20 - 2023
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