Step into the spotlight of downtown Prescott's real estate scene with this fully occupied triplex that's more than just property - it's a triple threat of financial brilliance! Each 2-bedroom, 2-bathroom unit boasts a monthly income of $1475 on year-long leases, turning this spot into a jackpot for savvy investors. Conveniently located near schools, shopping, downtown, and events, it's the go-to locale for tenants looking to live their best lives. Recent renovations have given this complex a stylish facelift, featuring new flooring, a fresh interior paint job, & ceiling fans in every bedroom. These 884 sq ft units aren't just homes; they're private havens with yards/patios and LVP flooring, perfect for tenants & owners both. Over $50k in gross annual revenue, ~7% gross cash on cash return
Great investment opportunity! This 4-plex is a turn-key, cash-flowing asset for your investment profile. Featuring a new roof as of 2023 and new appliances in two of the units. 100% occupancy history for each 2-bed 1-bath unit. This property is just minutes from downtown Prescott, offering easy access to shops and dining. Don't miss this chance to secure a reliable income stream in a growing market!
This appealing property presents an excellent opportunity for anyone looking to invest in the Prescott Downtown market at a fraction of the typical cost. It is zoned for both Business General and Multifamily use, allowing for conversion into office or retail space, or it can continue to function as a successful duplex. Currently, the property features two rental units: a studio and a one-bedroom apartment, which previously yielded a monthly rental income of $2,170, with tenants covering utility expenses. Both tenants are month to month. Additionally, there is the option to convert it back into a single-family residence.
Situated amidst the vibrant shops and dining establishments along Highway 89 and in Downtown Prescott, this delightful rental property is ideally positioned just a few blocks from the Prescott Courthouse. Previously known as the Pine View Motel, the new ownership has undertaken significant renovations, transforming it into a profitable venture. Spanning a total of 4,686 square feet, this accommodation features 15 units, comprising 2 suites and 13 studio rooms. These rooms are available for rental periods of 6 or 12 months and currently have a waiting list, resulting in little to no vacancies at the property. Additional revenue is generated from the laundry facilities and late payment fees. The current NOI for this property stands at $138,889.73 representing a 8.42 CAP Rate.
Step into the spotlight of downtown Prescott's real estate scene with this fully occupied triplex that's more than just property - it's a triple threat of financial brilliance! Each 2-bedroom, 2-bathroom unit boasts a monthly income of $1475 on year-long leases, turning this spot into a jackpot for savvy investors. Conveniently located near schools, shopping, downtown, and events, it's the go-to locale for tenants looking to live their best lives. Recent renovations have given this complex a stylish facelift, featuring new flooring, a fresh interior paint job, & ceiling fans in every bedroom. These 884 sq ft units aren't just homes; they're private havens with yards/patios and LVP flooring, perfect for tenants & owners both. Over $50k in gross annual revenue, ~7% gross cash on cash return
Exceptional Investment Opportunity in Prescott! A unique 12-unit, 16 bedroom/14 bathroom complex boasting mountain views. This diverse property features a mix of studios, 1, 2, & 3-bedroom units, catering to a wide range of renters! Many of the apartments highlight elegant beamed ceilings, cozy rock fireplaces, & sliding glass doors to maximize the scenic views. The location offers both city & mountain panoramas, including Thumb Butte & Granite Mtn, & is conveniently situated near downtown Prescott for easy access to shopping and entertainment. Ample parking is available for tenants & guests alike. A communal coin-operated laundry room provides additional revenue. The property's MF-M zoning presents further development opportunities to allow an additional 30 units to be built.
Location, Location, Location! Recently renovated 4-plex with detached 2 car garage located downtown Prescott. Just a few minute walk to all your favorite bars, restaurants and shopping on Whiskey Row! Units are vacant at this time so you have the option to use them as STR, Mid-term or long term rentals! This property was recently renovated with a new roof, landscaping, pavers, windows, flooring, countertops, cabinets, tile, showers, fixtures, vanities, baseboard and paint. Each unit has its own mini-split for cooling. This complex offers a laundry room with multiple washer/dryers for the tenants to use. You are going to love watching that cash flow come in every month, every investors dream. Buyer to verify all information for accuracy including units sqft.
Nice triplex near downtown Prescott, three 2 bedroom units, close to shopping, restaurants and only 1/2 mile to the courthouse square. Rents are below market and have room for improvement. Units are continuously rented and have good upside potential. Off street parking at the rear of the building.
The median home value in Prescott, AZ is $573,000. This is higher than the county median home value of $490,300. The national median home value is $338,100. The average price of homes sold in Prescott, AZ is $573,000. Approximately 60.81% of Prescott homes are owned, compared to 26.66% rented, while 12.53% are vacant. Prescott real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Prescott real estate agent to arrange a tour today!
Prescott, Arizona 86303 has a population of 45,063. Prescott 86303 is less family-centric than the surrounding county with 15.04% of the households containing married families with children. The county average for households married with children is 18.93%.
The median household income in Prescott, Arizona 86303 is $61,090. The median household income for the surrounding county is $56,170 compared to the national median of $69,021. The median age of people living in Prescott 86303 is 60.5 years.
The average high temperature in July is 89.3 degrees, with an average low temperature in January of 25 degrees. The average rainfall is approximately 15.9 inches per year, with 12.5 inches of snow per year.