523 E Gurley Street, Prescott, AZ 86301
$2,200,000
Property Type:
Multi-Family
Square Footage:
7,736
Lot Size (sq. ft.):
23,087
Status:
Active
Current Price:
$2,200,000
List Date:
10/05/2024
Last Modified:
11/18/2024
Description
This is your chance to own a highly desirable multi-use property in the heart of Prescott, Arizona! Skyline is a mixed-use property featuring 14 rental units, a mix of 12 cozy studio and one-bedroom units and 2 commercial office spaces with long term tenants. This well-maintained property is an ideal investment for anyone seeking a stable income stream in a rapidly growing market.
With a fully leased property, Skyline offers investors the opportunity for consistent rental income from both residential and commercial tenants. The strong demand for housing and office space in Prescott provides excellent long-term growth potential.
More Information MLS# 1067993
ContractAddressLegal
Original List Price: 2200000
Listing Date: 2024-10-04
Status: Active
Listing Price: 2200000
Street #: 523
Direction: E
Street Name: Gurley
St Suffix: Street
City/Township: Prescott
State: AZ
Zip Code: 86301
Subdivision: East Prescott
County: Yavapai
Tax Parcel: 110-01-042
General Property Description
Lot #: 1
Lot Size: 23038
Aprx Acres: 0.53
Total Liveable SqFt: 7736
Source of Measuremnt: County Assessor
Buildings: 9
Stories: 2
Year Built: 1958
Management: Owner
Gross Vol/Yr $: 223392
NOI $: 153392
Cap %: 6.97
CAM $: 70000
Lease $: 14500
HOA Y/N: No
Baths - Full: 14
More than 5 Units: Yes
Tax Info
Taxes: 6497
Tax Year: 2023
Unit 1
Unit ID: 112 S Virginia SFR
# BR: 1
# BA: 1
SqFt: 600
Rent $: 1320
Unit 2
Unit ID: Unit C
# BR: 1
# BA: 1
SqFt: 600
Rent $: 1200
Unit 3
Unit ID: Farmers Insurance
# BA: 1
SqFt: 641
Rent $: 1100
Unit 4
Unit ID: Building 4 Unit 4
# BA: 1
SqFt: 368
Rent $: 1000
Unit 5
Unit ID: Building 5, Unit 5
# BA: 1
SqFt: 368
Rent $: 920
Property Features
Building Type: 5+ Units; Residential+
Construction: Frame - Wood; Stucco
Cooling: Room Refrigeration
External Amenities: Landscaped; None
Flooring: Carpet; Vinyl; See Remarks
Heating: Electric; Natural Gas; See Remarks
Owner Pays: All
Records Available: None
Road Frontage Type: City Street
Road Surface Type: Asphalt; Paved
Road Responsibility: City Maintained Road
Roof: Asphalt Shingle; Other - See Remarks
Utilities Installed: Cable TV; Electricity; Individual Meter; Master Meter; Natural Gas; Telephone; Water - City; WWT - City Sewer
Water Heater: Electric
Unit 1 Parking: 1 Car; Off Street
Unit 1 Info: Refrigerator
Unit 2 Parking: 1 Car; Off Street
Unit 2 Info: Refrigerator
Unit 3 Parking: 1 Car; Off Street
Unit 3 Info: Other - See Remarks
Unit 4 Parking: 1 Car; Off Street
Unit 4 Info: Refrigerator
Unit 5 Parking: 1 Car; Off Street
Unit 5 Info: Refrigerator
Listing Office: Prescott Commercial Real Estate
Last Updated: November - 18 - 2024
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