634 Schemmer Drive, Prescott, AZ 86305
$800,000
Property Type:
Commercial/Indstrial
Square Footage:
6,779
Lot Size (sq. ft.):
35,719
Status:
Closed
Current Price:
$800,000
List Date:
9/21/2018
Last Modified:
2/20/2019
Description
Great investment opportunity in this small business strip mall! High traffic location across from the main post office (23,000 traffic count at the intersection of Miller Valley/Schemmer Dr.), 11 units with an approximate cap rate of 7%. Great rentals, well maintained with most long term tenants (8 out of 11 are long term tenants). Rents quickly when there is a vacancy. Rental units vary in size from approximately 365-964 sq.ft. Location includes 2 parcels. Each unit has its own bathroom.
More Information MLS# 1015666
ContractAddressLegal
Original List Price: 800000
Listing Date: 2018-09-21
Status: Closed
Listing Price: 800000
Street #: 634
Street Name: Schemmer
St Suffix: Drive
City/Township: Prescott
State: AZ
Zip Code: 86305
County: Yavapai
Tax Parcel: 113-07-055F
General Property Description
Aprx Acres: 0.82
Buildings: 3
Total Liveable SqFt: 6779
Source of Measuremnt: Owner
Stories: 1
Parking Spaces: 35
Year Built: 1971
Cap %: 7
Baths - Full: 11
Traffic Count Per Day: 23000
Property Use: Investment Prop
Construction Status: Existing
Tax Info
Taxes: 8838
Tax Year: 2017
Status Change Info
Under Contract Date: 2018-12-19
Sold Date: 2019-02-20
Sold Price: $800,000
Sold Price/SqFt: 118
Financing: Owner Will Carry
Heating
Natural Gas: 1
Property Features
Bathrooms: Interior
Building Type: 5+ Units; Office - Building; Other - See Remarks
Business Location: Commercial Strip
Commercial Amenities: Ceiling Ht. Under 12
Construction: Frame - Wood; Stucco
Cooling: Central Air
External Amenities: Landscaped; Paved Parking
Flooring: Carpet; Vinyl
Internal Amenities: Bathroom; Fire/Smoke Detector
Parking: On-Site
Possession: At Recordation
Records Available: Other - See Remarks
Road Responsibility: City Maintained Road; Paved; Recorded Easement
Roof: Asphalt Shingle
Utilities Installed: Electricity; Natural Gas; Water - City; WWT - City Sewer
Listing Office: Bella Terra Realty LLC
Last Updated: February - 20 - 2019
The data relating to real estate for sale on this site comes from the Broker Reciprocity/IDX of Prescott Area Association of REALTORS. Information provided is thought to be reliable but is not guaranteed to be accurate. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.Real estate listings held by brokerage firms other than the website owner, are indicated by detailed information about them such as the name of the listing firms. Copyright© 2020 Prescott Area Association of REALTORS. All rights reserved.