Prescott AZ Multi Family for Sale

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Type:
Multi-Family
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Year built:
1995
Baths:
MLS#:
6787312

ADDITIONAL INFORMATION

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

Type:
Multi-Family
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Year built:
1978
Baths:
MLS#:
6776120

ADDITIONAL INFORMATION

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!

Type:
Cluster
Sq.Ft.:
768
Status:
Active
Beds:
n/a
Year built:
1934
Baths:
MLS#:
1068260
Subdivision:
Prescott Original Township

ADDITIONAL INFORMATION

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.

Type:
Cluster
Sq.Ft.:
4,686
Status:
Active
Beds:
n/a
Year built:
1962
Baths:
MLS#:
1068257

ADDITIONAL INFORMATION

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.

Type:
Cluster
Sq.Ft.:
2,661
Status:
Active
Beds:
n/a
Year built:
1995
Baths:
MLS#:
1068222

ADDITIONAL INFORMATION

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

Type:
Multi-Family
Sq.Ft.:
n/a
Status:
Active
Beds:
n/a
Year built:
1967
Baths:
MLS#:
6713857

ADDITIONAL INFORMATION

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.

Type:
Cluster
Sq.Ft.:
1,750
Status:
Active
Beds:
n/a
Year built:
1992
Baths:
MLS#:
1064557
Subdivision:
Prescott

ADDITIONAL INFORMATION

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.

Type:
Cluster
Sq.Ft.:
2,360
Status:
Active
Beds:
n/a
Year built:
1914
Baths:
MLS#:
1061944

ADDITIONAL INFORMATION

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.

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Andrea Conner, License #BR685747000, Xome Inc., License #LC658141000 [email protected], 844-400-9663, 750 State Highway 121 Bypass, Suite 100, Lewisville, TX 75067


Information deemed reliable but not guaranteed. Copyright 2024 Arizona Regional Multiple Listing Service, Inc. All rights reserved. The ARMLS logo indicates a property listed by a real estate brokerage other than this broker. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.
Andrea Conner, License #BR685747000, Xome Inc., License #LC658141000 [email protected], 844-400-9663, 750 State Highway 121 Bypass, Suite 100, Lewisville, TX 75067


Listings courtesy of Prescott Area Association of REALTORS®.as distributed by MLS GRID. Based on information submitted to the MLS GRID as of {{last updated}}. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Properties displayed may be listed or sold by various participants in the MLS. Data is deemed reliable but is not guaranteed accurate by the Prescott Area Association of REALTORS®.



Prescott Real Estate

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.

Prescott Weather

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.

Prescott Real Estate Market Conditions

  • Median sales price

    N/A
  • # Active listings

    334
    30-day change

Prescott Schools and Demographics

Education near Prescott, AZ

Metric City County
High School Graduates 95.19 91.55
College Degree - 2 year 10.09 9.38
College Degree - 4 year 38.41 27.77
Graduate Degree 11.95 8.09
Expenditures per Student 9,873 9,873
Students per Teacher 18.5 18.5

Elementary Schools near Prescott, AZ

School Grades Students P/T Ratio ZIP
Coyote Springs Elementary School KG - 06 537 19.5 86314
Franklin Phonetic Primary School KG - 08 474 86314
Granville Elementary School KG - 06 623 24 86314
Liberty Traditional School PK - 08 769 22.6 86314
Lincoln Elementary School KG - 05 293 15.3 86303
Mountain View Elementary School KG - 06 588 18.4 86314
Skyview School KG - 08 200 86303
Taylor Hicks School KG - 05 472 17.7 86301

Middle Schools near Prescott, AZ

School Grades Students P/T Ratio ZIP
Bradshaw Mountain High School East 09 - 12 0 86314
Glassford Hill Middle School 07 - 08 442 20.7 86314
Park View Middle School 06 - 08 103 86314
Prescott Mile High Middle School 06 - 08 502 16.9 86303

High Schools near Prescott, AZ

School Grades Students P/T Ratio ZIP
Arizona Agribusiness & Equine Center Prescott Vall 09 - 12 193 86314
Bradshaw Mountain High School 09 - 12 1,619 23.5 86314
Canyon View Prep. Academy 09 - 12 125 86314
NorthPoint Expeditionary Learning Academy 09 - 12 168 86301
Prescott High School 08 - 12 1,579 23.5 86301
Tri-City College Prep High School 09 - 12 216 86301

Ungraded Schools near Prescott, AZ

School Grades Students P/T Ratio ZIP
* Mijted - Bradshaw Mountain High School 09 - 12 0 86314
* Mijted - Mountain Institute Central Campus 09 - 12 15 3.1 86303
* Mijted - Prescott High School 09 - 12 0 86301
Basis Prescott 05 - 12 370 86301
Prescott Valley School KG - 12 286 86314

Demographics near Prescott, AZ 86303

Metric Zip Code City
Neighborhood Type Suburban
Population 45,063 233,789
Population Density 1,003 29
Median Age 60.5 54.2
People per Household 2 2.2
Median Household Income 61,090 56,170
Average Income per Capita 41,225 33,588