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

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.

More Information MLS# 1011240

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

General Property Description

Aprx Acres: 0.34 Lot #: 8 Lot Size: 14810 HOA Y/N: No Buildings: 2 Source of Measuremnt: Owner Stories: 2 Management: Owner Gross Vol/Yr $: 116551 Vac Rate %: 3 More than 5 Units: Yes Total Liveable SqFt: 8556 Year Built: 1982 NOI $: 92700 Cap %: 6.24 Baths - Full: 10

Tax Info

Taxes: 4021 Tax Year: 2017

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

Status Change Info

Sold Price/SqFt: 174 Financing: Cash Under Contract Date: 2018-04-20 Sold Date: 2018-05-18 Sold Price: $1,485,000

Building Type

5+ Units: 1

Construction

Stucco: 1

Cooling

Central Refriger: 1

External Amenities

Fence: 1 Landscaped: 1 Laundry Facilities: 1

Flooring

Carpet: 1 Laminate: 1

Heating

Forced - Gas: 1

Owner Pays

Sewer: 1 Trash: 1 Water: 1

Possession

At Recordation: 1

Records Available

None: 1

Road Frontage Type

City Street: 1

Road Surface Type

Paved: 1

Road Responsibility

City Maintained Road: 1

Roof

Rolled/Hot Mop: 1

Terms & Conditions

1031 Exchange: 1 Conventional: 1

Utilities Installed

Cable TV: 1 Electricity: 1 Individual Meter: 1 Master Meter: 1 Natural Gas: 1 Telephone: 1 Water - City: 1 WWT - City Sewer: 1

Water Heater

Natural Gas: 1

Unit 1

Unit ID: 1 # BR: 2 # BA: 1.5 SqFt: 843 Tenant Utilities: Elec, Gas Rent $: 1025