1141 E Gurley Street, Prescott, AZ 86301
$2,060,000
Property Type:
Multi-Family
Square Footage:
9,112
Lot Size (sq. ft.):
27,007
Status:
Closed
Current Price:
$2,060,000
List Date:
7/19/2019
Last Modified:
6/20/2023
Description
Completely renovated apartment complex in the city's Historic Motor Court District. Originally built in 1954 but extensively remodeled from top to bottom in 2017. Formerly a Motel, the property consists of 30 units; 28 studio apartments and 2 one bedroom apartments with a coin-op laundry facility. 100% occupied by renewable master lease with Catholic Charities Community Services. Excellent and secure investment opportunity located in the heart of Prescott!
More Information MLS# 1023003
ContractAddressLegal
Original List Price: 2385000
Listing Date: 2019-07-19
Status: Closed
Listing Price: 2385000
Street #: 1141
Direction: E
Street Name: Gurley
St Suffix: Street
City/Township: Prescott
State: AZ
Zip Code: 86301
Subdivision: Tritle Tract
County: Yavapai
Tax Parcel: 114-06-084A
General Property Description
Lot #: 4
Lot Size: 27007
Aprx Acres: 0.62
Total Liveable SqFt: 9112
Source of Measuremnt: County Assessor
Buildings: 5
Year Built: 1982
Management: Mgmt Company
Cap %: 8.23
HOA Y/N: No
Baths - Full: 30
More than 5 Units: Yes
Tax Info
Taxes: 7047
Tax Year: 2018
Status Change Info
Under Contract Date: 2019-08-09
Sold Date: 2019-11-22
Sold Price: $2,060,000
Sold Price/SqFt: 226
Financing: Conventional
Unit 1
Unit ID: Studio Apartments
# BA: 1
Unit 2
Unit ID: 1 Bedroom Apartments
# BR: 1
# BA: 1
Property Features
Building Type: 5+ Units
Construction: Frame - Wood
Cooling: Room Refrigeration; Other; See Remarks
External Amenities: Landscaped; Laundry Facilities
Flooring: Vinyl
Heating: Wall Unit
Owner Pays: Trash; Water; Other - See Remarks
Possession: At Recordation
Records Available: None
Road Frontage Type: City Street
Road Surface Type: Paved
Road Responsibility: City Maintained Road
Roof: Rolled/Hot Mop
Utilities Installed: Electricity; Water - City; WWT - City Sewer
Water Heater: Electric
Unit 1 Info: Porch/Patio; Range/Oven; Refrigerator
Unit 2 Info: Porch/Patio; Range/Oven; Refrigerator
Listing Office: RE/MAX Mountain Properties
Last Updated: June - 20 - 2023
Broker Attribution:
928-776-7701
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