575 Campbell Street, Prescott, AZ 86301

$1,650,000

Property Type: Commercial/Indstrial Square Footage: 8,460 Lot Size (sq. ft.): 26,136 Status: Closed

Current Price: $1,650,000 List Date: 8/22/2024 Last Modified: 12/16/2024

Overview

Description

Located just minutes from Downtown Prescott, Arizona, there are three four-plexes on Campbell Street, comprising a total of 12 units. These appealing and functional multi-family properties feature three 2-bedroom, 1-bath units, as well as one 1-bedroom, 1-bath unit, all with ample parking to accommodate tenant needs. The combined square footage of the three buildings is 8,460, resulting in a price of $248.22 per square foot. This property represents a profitable investment opportunity, particularly given the robust rental market in Prescott, Arizona. This is a prime opportunity to acquire 12 units in Prescott, AZ.

Supplements: This is an excellent opportunity to invest in the Prescott market!

Listing Details MLS# 1066900

ContractAddressLegal

Original List Price: 2300000
Listing Price: 2100000
Street #: 575
Street Name: Campbell Street
City/Township: Prescott
State: AZ
Zip Code: 86301
Subdivision: Dameron Park Add
County: Yavapai
Tax Parcel: 113-03-028B

General Property Description

Aprx Acres: 0.6
Buildings: 3
Total Liveable SqFt: 8460
Source of Measuremnt: County Assessor
Stories: Yes
Floor: Yes
Parking Spaces: 20
Year Built: 1981
Management: Owner
NOI $: 128604
Cap %: 5.59
CAM $: 54252
Baths - Full: 12
GRM: -

Tax Info

Taxes: 1408
Tax Year: 2023

Status Change Info

Under Contract Date: 2024-11-01
Sold Date: 2024-12-13
Sold Price/SqFt: 195
Financing: Conventional

Contract/Address/Legal

List Price/SqFt: 248
Neighborhood: N/A
Comm Type: Multi-Family
REO/Short Sale: Not Applicable
Zoning: MF-M
Zoning Description: Mutlifamily
Assessor's Book #: 113
Assessor's Map #: 3
Assessor's Parcel #: 28
Assessor Parcel Ltr: B
Legal: DAMERON PARK ADDN LOT 1 BLK 19 AND S2 OF ABAND HOME ST LYING ALONG THE N SIDE (PER ORD NO 1524)

Remarks & Misc

Directions: East on Whipple Street extension to right on Campbell Street, properties are on your left.
Remarks: Located just minutes from Downtown Prescott, Arizona, there are three four-plexes on Campbell Street, comprising a total of 12 units. These appealing and functional multi-family properties feature three 2-bedroom, 1-bath units, as well as one 1-bedroom, 1-bath unit, all with ample parking to accommodate tenant needs. The combined square footage of the three buildings is 8,460, resulting in a price of $248.22 per square foot. This property represents a profitable investment opportunity, particularly given the robust rental market in Prescott, Arizona. This is a prime opportunity to acquire 12 units in Prescott, AZ.

More Information

Office/Member Info

Listing Exclusions: No

Building Type

5+ Units: Yes

Construction

Other - See Remarks: Yes

Cooling

Ceiling Fan(s): Yes

External Amenities

Fence: Yes

Flooring

Laminate: Yes

Heating

Natural Gas: Yes

Possession

At Recordation: Yes

Records Available

Other - See Remarks: Yes

Road Responsibility

City Maintained Road: Yes

Roof

Asphalt Shingle: Yes

Bathrooms

Interior: Yes

Business Location

Freestanding Bldg: Yes

Terms & Conditions

1031 Exchange: Yes
Conventional: Yes

Commercial Amenities

Ceiling Ht. Under 12: Yes

Utilities Installed

Individual Meter: Yes
Underground: Yes
Water - City: Yes
WWT - City Sewer: Yes

Internal Amenities

Bathroom: Yes
Ceiling Fan(s): Yes
Fire/Smoke Detector: Yes

Parking

On-Site: Yes
Storage: Yes
Street Parking: Yes
Truck: Yes

Property Features

Bathrooms: Interior Building Type: 5+ Units Business Location: Freestanding Bldg Commercial Amenities: Ceiling Ht. Under 12 Construction: Other - See Remarks Cooling: Ceiling Fan(s) External Amenities: Fence Flooring: Laminate Heating: Natural Gas; Natural Gas Internal Amenities: Bathroom; Ceiling Fan(s); Fire/Smoke Detector Parking: On-Site; Storage; Street Parking; Truck Possession: At Recordation Records Available: Other - See Remarks Road Responsibility: City Maintained Road Roof: Asphalt Shingle Utilities Installed: Individual Meter; Underground; Water - City; WWT - City Sewer

Documents

Campbell Multifamily OM ›

Listing Office: Prescott Commercial Real Estate

Last Updated: December - 16 - 2024

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