3220 N State Route 89, Prescott, AZ 86301 (MLS# 1068140)

3220 N State Route 89, Prescott, AZ 86301

$1,400,000
Property Type: Multi-Family Square Footage: 5,889 Lot Size (sq. ft.): 40,075 Status: Closed
Current Price: $1,400,000 List Date: 10/11/2024 Last Modified: 3/03/2025

Overview

Description

Investment Opportunity: 20-Unit Apartment Complex in Prime Location Discover a rare value-add opportunity with this 20-unit apartment complex, ideally situated between Willow and Watson Lakes in the Dells. This property presents a unique chance for savvy investors to unlock its full potential and capitalize on a thriving rental market. Gross rent, NOI and GRM numbers are based on pro-forma. More details available for serious inquiries.

Listing Details MLS# 1068140

ContractAddressLegal

Original List Price
1599999
Listing Price
1599999
Street #
3220
Direction
N
Street Name
State Route 89
City/Township
Prescott
State
AZ
Zip Code
86301
County
Yavapai
Tax Parcel
106-13-018C

General Property Description

Lot #
na
Bedrooms Possible
21
Aprx Acres
0.92
Total Liveable SqFt
5889
Source of Measuremnt
County Assessor
Buildings
2
Stories
Yes
Year Built
1963
Management
Owner
Gross Vol/Yr $
264777
NOI $
220777
Cap %
13.9
CAM $
47000
HOA Y/N
No
Baths - Full
20
More than 5 Units
Yes

Tax Info

Taxes
6321
Tax Year
2023

Status Change Info

Under Contract Date
2025-01-22
Sold Date
2025-02-28
Sold Price/SqFt
238
Financing
Conventional

Unit 1

# BA
Yes

Unit 2

# BA
Yes
SqFt
224

More Information

Unit 3

# BA
Yes
SqFt
384

Property Features

Building Type: 5+ Units Construction: Frame - Wood Cooling: Evaporative Cooling; Room Refrigeration External Amenities: None Flooring: See Remarks Heating: Baseboard Owner Pays: Gas/Propane; Trash; Water Possession: At Recordation Records Available: None Road Frontage Type: Highway Road Surface Type: Paved Road Responsibility: State Maintained Road Roof: Asphalt Shingle Showing Requirements: Call Listing Office Utilities Installed: 220; Natural Gas; Water - Private Well; WWT - City Sewer Water Heater: Two or More Unit 1 Parking: 1 Car Unit 1 Info: Other - See Remarks Unit 2 Parking: 1 Car Unit 2 Info: Other - See Remarks Unit 3 Parking: 1 Car Unit 3 Info: Other - See Remarks
Listing Office: Prescott Commercial Real Estate
Last Updated: March - 03 - 2025
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