415 S Marina Street, Prescott, AZ 86303

$1,485,000
Property Type: Multi-Family Square Footage: 8,556 Lot Size (sq. ft.): 14,810 Status: Closed
Current Price: $1,485,000 List Date: 4/17/2018 Last Modified: 10/10/2018

Overview

Description

Well maintained 10 unit complex near downtown. These two bedroom, 1.5 bath units have easy living floorplan. Open living downstairs feels spacious with living, dining, kitchen and .5 bath which flows to outside fenced small patio/yard and storage. Upstairs has two nice size bedrooms and full bath. These units are easy to lease. Would make nice short term rentals. Property was platted as condos and county says they could be replatted.These units have still have some upside to rents. Can't find these often.

Listing Details MLS# 1011240

ContractAddressLegal

Original List Price
1485000
Listing Price
1485000
Street #
415
Direction
S
Street Name
Marina
St Suffix
Street
City/Township
Prescott
State
AZ
Zip Code
86303
County
Yavapai
Tax Parcel
109-04-083N

General Property Description

Lot #
8
Aprx Acres
0.34
Total Liveable SqFt
8556
Source of Measuremnt
Owner
Buildings
2
Stories
2
Year Built
1982
Management
Owner
Gross Vol/Yr $
116551
NOI $
92700
Vac Rate %
3
Cap %
6.24
HOA Y/N
No
Baths - Full
10
More than 5 Units
Yes

Tax Info

Taxes
4021
Tax Year
2017

Status Change Info

Under Contract Date
2018-04-20
Sold Date
2018-05-18
Sold Price/SqFt
174
Financing
Cash

Unit 1

Unit ID
Yes
# BR
2
# BA
1.5
SqFt
843
Tenant Utilities
Elec, Gas
Rent $
1025

Unit 2

Unit ID
2
# BR
2
# BA
1.5
SqFt
843
Tenant Utilities
Elec, Gas
Rent $
922

More Information

Unit 3

Unit ID
3
# BR
2
# BA
1.5
SqFt
843
Tenant Utilities
Elec, Gas
Rent $
845

Unit 4

Unit ID
4
# BR
2
# BA
1.5
SqFt
843
Tenant Utilities
Elec, Gas
Rent $
972

Unit 5

Unit ID
5
# BR
2
# BA
1.5
SqFt
843
Tenant Utilities
Elec, Gas
Rent $
855

Contract/Address/Legal

List Price/SqFt
174
Rent/Lease
No
REO/Short Sale
Not Applicable
Zoning
MF-M
Assessor's Book #
109
Assessor's Map #
4
Assessor's Parcel #
83
Assessor Parcel Ltr
N
Legal
LOTS 8 & 10, BLK 34, CITY OF PRESCOTT ORIGINAL TOWNSITE PER MP 4/ 22 S4-T13N-R2W (ALL OF COURTYARD CONDOMINIUM PER MP 46/68) S4-T13 N-R2W, CONT. 26.10

Remarks & Misc

Directions
Gurley St to South on Marina to property on Left.
Remarks
Well maintained 10 unit complex near downtown. These two bedroom, 1.5 bath units have easy living floorplan. Open living downstairs feels spacious with living, dining, kitchen and .5 bath which flows to outside fenced small patio/yard and storage. Upstairs has two nice size bedrooms and full bath. These units are easy to lease. Would make nice short term rentals. Property was platted as condos and county says they could be replatted.These units have still have some upside to rents. Can't find these often.

Office/Member Info

Listing Exclusions
No

Building Type

5+ Units
Yes

Construction

Stucco
Yes

Cooling

Central Refriger
Yes

External Amenities

Fence
Yes
Landscaped
Yes
Laundry Facilities
Yes

Flooring

Carpet
Yes
Laminate
Yes

Heating

Forced - Gas
Yes

Owner Pays

Sewer
Yes
Trash
Yes
Water
Yes

Possession

At Recordation
Yes

Records Available

None
Yes

Road Frontage Type

City Street
Yes

Road Surface Type

Paved
Yes

Road Responsibility

City Maintained Road
Yes

Roof

Rolled/Hot Mop
Yes

Terms & Conditions

1031 Exchange
Yes
Conventional
Yes

Utilities Installed

Cable TV
Yes
Electricity
Yes
Individual Meter
Yes
Master Meter
Yes
Natural Gas
Yes
Telephone
Yes
Water - City
Yes
WWT - City Sewer
Yes

Water Heater

Natural Gas
Yes

Unit 1 Parking

1 Car
Yes
Off Street
Yes

Unit 1 Info

Disposal
Yes
Fire/Smoke Detectors
Yes
Microwave
Yes
Porch/Patio
Yes
Range/Oven
Yes
Storage Room
Yes

Unit 2 Parking

1 Car
Yes
Off Street
Yes

Unit 2 Info

Disposal
Yes
Fire/Smoke Detectors
Yes
Microwave
Yes
Porch/Patio
Yes
Range/Oven
Yes
Storage Room
Yes

Unit 3 Parking

1 Car
Yes
Off Street
Yes

Unit 3 Info

Disposal
Yes
Fire/Smoke Detectors
Yes
Microwave
Yes
Porch/Patio
Yes
Range/Oven
Yes
Storage Room
Yes

Unit 4 Parking

1 Car
Yes
Off Street
Yes

Unit 4 Info

Disposal
Yes
Fire/Smoke Detectors
Yes
Microwave
Yes
Porch/Patio
Yes
Range/Oven
Yes
Storage Room
Yes

Unit 5 Parking

1 Car
Yes
Off Street
Yes

Unit 5 Info

Disposal
Yes
Fire/Smoke Detector
Yes
Microwave
Yes
Porch/Patio
Yes
Range/Oven
Yes
Storage Room
Yes

Property Features

Building Type: 5+ Units Construction: Stucco Cooling: Central Refriger External Amenities: Fence; Landscaped; Laundry Facilities Flooring: Carpet; Laminate Heating: Forced - Gas Owner Pays: Trash; Water Possession: At Recordation Records Available: None Road Frontage Type: City Street Road Surface Type: Paved Road Responsibility: City Maintained Road Roof: Rolled/Hot Mop Utilities Installed: Cable TV; Electricity; Individual Meter; Master Meter; Natural Gas; Telephone; Water - City; WWT - City Sewer Water Heater: Natural Gas Unit 1 Parking: 1 Car; Off Street Unit 1 Info: Disposal; Fire/Smoke Detectors; Microwave; Porch/Patio; Range/Oven; Storage Room Unit 2 Parking: 1 Car; Off Street Unit 2 Info: Disposal; Fire/Smoke Detectors; Microwave; Porch/Patio; Range/Oven; Storage Room Unit 3 Parking: 1 Car; Off Street Unit 3 Info: Disposal; Fire/Smoke Detectors; Microwave; Porch/Patio; Range/Oven; Storage Room Unit 4 Parking: 1 Car; Off Street Unit 4 Info: Disposal; Fire/Smoke Detectors; Microwave; Porch/Patio; Range/Oven; Storage Room Unit 5 Parking: 1 Car; Off Street Unit 5 Info: Disposal; Fire/Smoke Detector; Microwave; Porch/Patio; Range/Oven; Storage Room
Listing Office: Invest Southwest
Last Updated: October - 10 - 2018
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.