737 Dameron Drive, Prescott, AZ 86301

Property Description

Tucked beneath mature trees on one spacious parcel, this fully rented property presents a rare chance to secure three income-producing residences in one location--perfect for investors seeking steady returns or buyers envisioning a private family compound. The property includes a 2016-built duplex and a charming 1954 single-family home, offering flexibility for long-term rentals, multi-generational living, or a blend of both.Set apart at the front of the lot, the standalone 1-bedroom, 1-bath home offers privacy and character, complete with a storage loft, a newly installed roof, and a fully fenced yard--an appealing option for tenants or extended family members who value their own space. The duplex features two well-designed units, each offering 2 bedrooms and 1 bathroom with modern finishes that attract quality tenants. Stained concrete floors, granite countertops, dishwashers, and full-sized pantries provide both style and durability, while washer and dryer hookups add everyday convenience. The property offers generous parking and sits in a convenient location close to downtown, medical facilities, shopping, and dining, helping ensure continued rental demand. Strong tenants are already in place, making this a true turnkey investment.The seller currently covers HO insurance, water, sewer, trash, and property taxes. Reported net operating income is $44,454, reflecting an approximate 7.4% cap rate.Please respect tenants' privacy--DO NOT DISTURB TENANTS. Showings require a minimum 48-hour notice and will only be scheduled with a Letter of Intent and/or Proof of Funds. An accepted offer is preferred prior to showings.The sellers also have another nearby property available and may consider a discount for buyers purchasing both. Please inquire about the additional listing at 827 Lincoln.