508 S Cortez, Prescott, AZ 86303

$985,000
Property Type: Multi-Family Square Footage: 10,564 Status: Closed
Current Price: $985,000 List Date: 9/12/2004 Last Modified: 4/12/2018

Overview

Description

12 UNIT, 3 BLDG COMPLEX ON 3 LOTS. (508, 510 AND 512 SOUTH CORTEZ. ONE 6 UNIT BLDG (3-2 BED, 3-1 BED, 1976 BUILT W/ LAUNDRY, 2 CAR GARAGE. TWO SINGLE LEVEL TRIPLEXS BUILT IN 1963, EACH WITH 2 BED 1 BATH, 3 CARPORTS EACH TRIPLEX. PROPERTY JUST SOUTH OF THE COURTHOUSE IN DOWNTOWN PRESCOTT. MAINTENANCE AND MANAGEMENT CARRIED OUT BY OWNER. GROSS $92,400, LESS TAXES AND INS. $82,056.6 units rent for $650; 2 units for $625:1 each rent for $500,$700 $725.

Listing Details MLS# 421397

ContractAddressLegal

Original List Price
985000
Listing Price
985000
Street #
508
Direction
S
Street Name
Cortez
City/Township
Prescott
State
AZ
Zip Code
86303
County
Yavapai
Tax Parcel
109-14-040*

General Property Description

Lot #
3-7
Total Liveable SqFt
10564
Source of Measuremnt
County Assessor
Buildings
3
Stories
2
Year Built
1976
Management
Owner
Gross Vol/Yr $
92400
HOA Y/N
No
More than 5 Units
Yes

Tax Info

Taxes
4241
Tax Year
2003

Status Change Info

Under Contract Date
2004-09-28
Sold Date
2005-06-21
Sold Price/SqFt
93
Financing
Conventional

Contract/Address/Legal

List Price/SqFt
93
Rent/Lease
No
REO/Short Sale
Not Applicable
Zoning
RC
Assessor's Book #
109
Assessor's Map #
14
Assessor's Parcel #
40
Legal
LOTS 3, 5, 7 BLOCK 38 CITY OF PRESCOTT

Remarks & Misc

Directions
GURLEY - SOUTH ON CORTEZ TO PROPERTY (508, 510 512 SO. CORTEZ. NO SIGN - DO NOT BOTHER TENANTS - THANK YOU.
Remarks
12 UNIT, 3 BLDG COMPLEX ON 3 LOTS. (508, 510 AND 512 SOUTH CORTEZ. ONE 6 UNIT BLDG (3-2 BED, 3-1 BED, 1976 BUILT W/ LAUNDRY, 2 CAR GARAGE. TWO SINGLE LEVEL TRIPLEXS BUILT IN 1963, EACH WITH 2 BED 1 BATH, 3 CARPORTS EACH TRIPLEX. PROPERTY JUST SOUTH OF THE COURTHOUSE IN DOWNTOWN PRESCOTT. MAINTENANCE AND MANAGEMENT CARRIED OUT BY OWNER. GROSS $92,400, LESS TAXES AND INS. $82,056.6 units rent for $650; 2 units for $625:1 each rent for $500,$700 $725.

More Information

Building Type

5+ Units
Yes

Construction

Frame - Wood
Yes
Stucco
Yes

Cooling

Ceiling Fan(s)
Yes

External Amenities

Handicap Access
Yes
None
Yes

Flooring

Carpet
Yes
Vinyl
Yes

Heating

Forced - Gas
Yes

Possession

At Recordation
Yes

Records Available

Other - See Remarks
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
Natural Gas
Yes
Telephone
Yes
Water - City
Yes
WWT - City Sewer
Yes

Water Heater

Natural Gas
Yes

Property Features

Building Type: 5+ Units Construction: Frame - Wood; Stucco Cooling: Ceiling Fan(s) External Amenities: Handicap Access; None Flooring: Carpet; Vinyl Heating: Forced - Gas Possession: At Recordation Records Available: Other - See Remarks Road Surface Type: Paved Road Responsibility: City Maintained Road Roof: Rolled/Hot Mop Utilities Installed: Cable TV; Electricity; Natural Gas; Telephone; Water - City; WWT - City Sewer Water Heater: Natural Gas
Listing Office: Western Sun Properties
Last Updated: April - 12 - 2018
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