875 Gail Gardner Way, Prescott, AZ 86305
$850,000
Property Type:
Multi-Family
Square Footage:
3,460
Lot Size (sq. ft.):
7,405
Status:
Closed
Current Price:
$850,000
List Date:
9/09/2021
Last Modified:
9/28/2021
Description
The 4 flex has great income potential with 2 beds, 1 bath units in a very desirable neighborhood close to the hospital, colleges and shopping. The 2 downstairs units as handicap accessible. All units has a private patio and a separate storage unit on the property and a coin op laundry room. At least 5 off-street parking spots. Some spots can park in tandem. Recent updates by the owner include - 3 HVAC systems (Apollo heating systems), 4 water heaters, 1 coin washer, 2 dishwashers, 2 refrigerators, all new flooring (1 with tile and the others with luxury vinyl), ceiling fans, faux wood blinds in all units and two new kitchen/bathroom countertops. 2 tenants are month to month at $885 and $895 while 2 new leases last month are for $1,200 per unit.
Supplements: Gross income is currently $50,160, but if the two units are raised, the potential gross income could be $57,600. Cap rate is based on Pro Forma
More Information MLS# 1041946
ContractAddressLegal
Original List Price: 800000
Listing Date: 2021-09-09
Status: Closed
Listing Price: 800000
Street #: 875
Street Name: Gail Gardner
St Suffix: Way
City/Township: Prescott
State: AZ
Zip Code: 86305
County: Yavapai
Tax Parcel: 115-08-038F
General Property Description
Lot Size: 7366
Aprx Acres: 0.17
Total Liveable SqFt: 3460
Source of Measuremnt: County Assessor
Stories: 2
Year Built: 1995
Management: Owner
HOA Y/N: No
Baths - Full: 4
Tax Info
Taxes: 1782
Tax Year: 2020
Status Change Info
Under Contract Date: 2021-09-28
Sold Date: 2021-09-28
Sold Price: $850,000
Sold Price/SqFt: 246
Financing: Cash
Unit 1
Unit ID: A
# BR: 2
# BA: 1
SqFt: 865
Rent $: 885
Unit 2
Unit ID: B
# BR: 2
# BA: 1
SqFt: 865
Rent $: 1200
Unit 3
Unit ID: C
# BR: 2
# BA: 1
SqFt: 865
Rent $: 895
Unit 4
Unit ID: D
# BR: 2
# BA: 1
SqFt: 865
Rent $: 1200
Property Features
Building Type: Fourplex
Construction: Frame - Wood; Stone
Cooling: Ceiling Fan(s); Central Refriger
External Amenities: Patio/Deck/Balcony
Flooring: Tile; Vinyl
Heating: Forced - Gas; Natural Gas
Owner Pays: Water; Other - See Remarks
Possession: At Recordation
Records Available: None
Road Frontage Type: City Street
Road Surface Type: Paved
Roof: Asphalt Shingle
Utilities Installed: 220; Cable TV; Electricity; Individual Meter; Natural Gas; Telephone; Water - City; WWT - City Sewer
Water Heater: Natural Gas
Unit 1 Parking: 1 Car; Off Street; Other - See Remarks
Unit 1 Info: Ceiling Fan(s); Dishwasher; Disposal; Fire/Smoke Detectors; Porch/Patio; Range/Oven; Refrigerator; Storage Room
Unit 2 Parking: 2 Car; Off Street
Unit 2 Info: Ceiling Fan(s); Dishwasher; Disposal; Fire/Smoke Detectors; Porch/Patio; Range/Oven; Refrigerator; Storage Room
Unit 3 Parking: 1 Car; Off Street; Other - See Remarks
Unit 3 Info: Ceiling Fan(s); Dishwasher; Disposal; Fire/Smoke Detectors; Porch/Patio; Range/Oven; Refrigerator; Storage Room
Unit 4 Parking: 1 Car; Off Street; Other - See Remarks
Unit 4 Info: Ceiling Fan(s); Dishwasher; Disposal; Fire/Smoke Detectors; Porch/Patio; Range/Oven; Refrigerator; Storage Room
Listing Office: Better Homes And Gardens Real Estate Bloomtree Realty
Last Updated: September - 28 - 2021
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