$3,750,000

Multi Family In Prescott

  • 11,600 Sqft
  • 28,413 Sqft lot
  • Updated: March 30
  • 1
  • Source:
    Prescott Area Association of REALTORS  MLS#1079801

About the Property

Fully leased 12 unit + office multifamily portfolio in Downtown Prescott. Three parcels totaling approximately 0.64 acres with +/-11,600 SF of improvements, 100% leased to a licensed treatment operator under a modified NNN lease structure. Current rent of $20,800/month increases 4% upon renewal, producing $249,600 in annual income post-renewal. Tenant reimburses operating expenses and pays propert
Fully leased 12 unit + office multifamily portfolio in Downtown Prescott. Three parcels totaling approximately 0.64 acres with +/-11,600 SF of improvements, 100% leased to a licensed treatment operator under a modified NNN lease structure. Current rent of $20,800/month increases 4% upon renewal, producing $249,600 in annual income post-renewal. Tenant reimburses operating expenses and pays property taxes directly, providing stable, low-management cash flow. Zoned MF-M with long-term flexibility for continued multifamily use or redevelopment. Rare, stabilized investment opportunity in a supply-constrained downtown submarket. Offered at $3,750,000 (~6.66% cap on post-renewal income).
  • Property type

    Other

  • Year built

    1992

  • Price/sqft

    $323

Features

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214 N Arizona Avenue, Prescott, United States View on Google Maps
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Commercial Advisors of Prescott - Prescott

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Commercial Advisors of Prescott - Prescott
Arizona, United States
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1
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2026
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Commercial Advisors of Prescott - Prescott
Prescott, Arizona, United States
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Last updated
March 30
First listed
Feb 26
Listing reference
1079801
Listing status
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