Prescott, AZ 86303

$2,414,000
Property Type: Multi-Family Square Footage: 27,966 Lot Size (sq. ft.): 63,598 Status: Closed
Current Price: $2,414,000 List Date: 8/06/2005 Last Modified: 4/12/2018

Overview

Description

32 unit apartment complex in historic neighborhood. Currently, 20 units are long term lease units and 12 are vacation units. Vacation units are furnished. Parking consists of 29 covered carports and 14 uncovered spaces. Laundry room. 32 storage closets. Beautiful mature landscaping. Walk to downtown.See attachment for financial information. These financial numbers are based on projected long-term rentals, not vacation rentals that actually exist today.

Listing Details MLS# 894209

ContractAddressLegal

Original List Price
2700000
Listing Price
2700000
City/Township
Prescott
State
AZ
Zip Code
86303

General Property Description

Lot #
1-7
Aprx Acres
1.46
Total Liveable SqFt
27966
Source of Measuremnt
Owner
Buildings
8
Stories
2
Year Built
1965
Management
Owner
Gross Vol/Yr $
245137
NOI $
141710
Vac Rate %
5
Cap %
5
HOA Y/N
No
Baths - Full
3
More than 5 Units
Yes

Tax Info

Taxes
9780
Tax Year
2004
Builder Name
Unknown

Status Change Info

Under Contract Date
2005-09-09
Sold Date
2006-01-03
Sold Price/SqFt
86
Financing
Owner Will Carry

Unit 1

Unit ID
30
# BR
2
# BA
Yes
SqFt
880

Unit 2

Unit ID
Yes
# BR
2
# BA
2
SqFt
1000

More Information

Unit 3

Unit ID
Yes
# BR
3
# BA
2
SqFt
1150

Contract/Address/Legal

List Price/SqFt
96
Rent/Lease
Yes
REO/Short Sale
Not Applicable
Zoning
MF-H
Assessor's Book #
109
Assessor's Map #
4
Assessor's Parcel #
42
Legal
Carleton Terrace Includes 10 parcels

Remarks & Misc

Directions
Montezuma, E on Carleton to property
Remarks
32 unit apartment complex in historic neighborhood. Currently, 20 units are long term lease units and 12 are vacation units. Vacation units are furnished. Parking consists of 29 covered carports and 14 uncovered spaces. Laundry room. 32 storage closets. Beautiful mature landscaping. Walk to downtown.See attachment for financial information. These financial numbers are based on projected long-term rentals, not vacation rentals that actually exist today.

Office/Member Info

Listing Exclusions
No

Building Type

5+ Units
Yes

Construction

Block
Yes

Cooling

Central Refriger
Yes
Room Refrigeration
Yes

External Amenities

Landscaped
Yes
Laundry Facilities
Yes
Patio/Deck/Balcony
Yes
Sprinkler/Drip
Yes

Flooring

Carpet
Yes
Concrete
Yes
Vinyl
Yes

Heating

Forced - Gas
Yes

Owner Pays

Sewer
Yes
Trash
Yes
Water
Yes

Possession

At Recordation
Yes

Records Available

Other - See Remarks
Yes

Road Frontage Type

City Street
Yes

Road Responsibility

City Maintained Road
Yes

Roof

Hot Mop w/Chip
Yes
Rolled/Hot Mop
Yes

Terms & Conditions

Submit
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

Unit 1 Info

Fire/Smoke Detectors
Yes
Range/Oven
Yes

Property Features

Building Type: 5+ Units Construction: Block Cooling: Central Refriger; Room Refrigeration External Amenities: Landscaped; Laundry Facilities; Patio/Deck/Balcony; Sprinkler/Drip Flooring: Carpet; Concrete; Vinyl Heating: Forced - Gas Owner Pays: Trash; Water Possession: At Recordation Records Available: Other - See Remarks Road Frontage Type: City Street Road Responsibility: City Maintained Road Roof: Hot Mop w/Chip; Rolled/Hot Mop Utilities Installed: Cable TV; Electricity; Natural Gas; Telephone; Water - City; WWT - City Sewer Water Heater: Natural Gas Unit 1 Info: Fire/Smoke Detectors; Range/Oven
Listing Office: RE/MAX Mountain Properties
Last Updated: April - 12 - 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.