247 S Pleasant Street, Prescott, AZ 86303
$925,000
Property Type:
Multi-Family
Square Footage:
4,155
Lot Size (sq. ft.):
7,405
Status:
Closed
Current Price:
$925,000
List Date:
11/20/2023
Last Modified:
12/21/2023
Description
This perfectly located triplex with a house attached, is a great investment opportunity. Currently all four units are fully leased out with month to month lease agreements. On a proforma valuation with $2.00 PSF Monthly rents and the current operating expenses this property will be a 6.4% CAP RATE. The house is 987 square feet and currently is rented for $1,500.00 monthly. The triplex's are each 1056 square feet, the second story units are rented for $1,250.00 monthly and the lower unit is $700.00 monthly. Lots of parking with Garages, onsite spaces and additional options for driveway and street parking. This property is located downtown only minutes away from the court house.
More Information MLS# 1060641
ContractAddressLegal
Original List Price: 975000
Listing Date: 2023-11-20
Status: Closed
Listing Price: 975000
Street #: 247
Direction: S
Street Name: Pleasant
St Suffix: Street
City/Township: Prescott
State: AZ
Zip Code: 86303
County: Yavapai
Tax Parcel: 110-01-041
General Property Description
Lot #: 24
Lot Size: 7,405
Aprx Acres: 0.17
Total Liveable SqFt: 4155
Source of Measuremnt: County Assessor
Buildings: 2
Stories: 2
Year Built: 1974
Management: Mgmt Company
Gross Vol/Yr $: 99696
NOI $: 62745.52
Cap %: 6.4
CAM $: 7485.24
GRM: 9.1
Lease Expires: 2023-11-30
HOA Y/N: No
Baths - Full: 4
More than 5 Units: No
Tax Info
Taxes: 2190
Tax Year: 2023
Status Change Info
Under Contract Date: 2023-11-28
Sold Date: 2023-12-21
Sold Price: $925,000
Sold Price/SqFt: 223
Financing: Seller Financing
Unit 1
Unit ID: House
SqFt: 987
Rent $: 1500
Unit 2
Unit ID: Unit 1
SqFt: 1056
Rent $: 950
Unit 3
Unit ID: Unit 2
SqFt: 1056
Rent $: 1250
Unit 4
Unit ID: Unit 3
SqFt: 1056
Rent $: 1250
Property Features
Building Type: Fourplex
Construction: Frame - Wood; Stucco
Cooling: Ceiling Fan(s); Room Refrigeration
External Amenities: Landscaped; Patio/Deck/Balcony
Flooring: Carpet; Laminate; Tile
Heating: Electric; Natural Gas; Wall Unit
Owner Pays: None
Possession: At Recordation
Records Available: None
Road Frontage Type: City Street
Road Surface Type: Asphalt; Paved
Road Responsibility: City Maintained Road
Roof: Asphalt Shingle
Utilities Installed: 220; Electricity; Master Meter; Natural Gas; Water - City; WWT - City Sewer
Water Heater: Electric; Natural Gas
Unit 1 Parking: 2 Car; Off Street
Unit 2 Parking: 1 Car; Attached; Garage; Off Street
Unit 2 Info: Ceiling Fan(s); Porch/Patio
Unit 3 Parking: 1 Car; Detached; Garage
Unit 4 Parking: 1 Car; Detached; Garage; Off Street
Unit 4 Info: Porch/Patio
Listing Office: Prescott Commercial Real Estate
Last Updated: December - 21 - 2023
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