622 Western Avenue, Prescott, AZ 86305

$999,000

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List Price
$999,000
Price Change
▼ $101,000 1776204929
Days on Market
158
Status
ACTIVE
MLS#
1080130
City
Prescott
Lot Size
7,405
Year Built
1930

Property Description

Exceptional 5-unit multifamily investment opportunity in Prescott, offering strong in-place income and full occupancy. The unit mix consists of three 2-bedroom/1-bath units, one 1-bedroom/1-bath unit, and one studio, providing a diversified rental profile that appeals to a broad tenant base.The property is fully occupied with a total annual gross income of $86,160.00, delivering immediate and stable cash flow. Each unit is individually metered for gas and electric, helping to minimize owner expenses and simplify utility management. All tenants are month-to-month allowing for new ownership flexibility.With its desirable unit mix, consistent occupancy, and this property presents an attractive opportunity for both seasoned investors and those looking to expand their multifamily portfolio in a strong rental market at Downtown Prescott.

Additional Information

Acres
0.17
Construction
Other
Cooling
Other
Exterior Features
Other
Flooring
See Remarks
Heating
See Remarks
Lot Size
7,405
Stories
1
Utilities
Other
Zoning
BG

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Calculator source: Real Geeks

Listing courtesy of Arizona Commercial.

Listing data provided & © by (PAAR) Prescott Area Association of REALTORS®