500 Copper Basin Road Prescott, AZ 86303
Listing Courtesy of: Prescott AZ Area MLS / Prescott Commercial Real Estate

  500 Copper Basin Road Prescott, AZ 86303

Active (2 Days)
$1,649,000

Description

Situated amidst the vibrant shops and dining establishments along Highway 89 and in Downtown Prescott, this delightful rental property is ideally positioned just a few blocks from the Prescott Courthouse. Previously known as the Pine View Motel, the new ownership has undertaken significant renovations, transforming it into a profitable venture. Spanning a total of 4,686 square feet, this accommodation features 15 units, comprising 2 suites and 13 studio rooms. These rooms are available for rental periods of 6 or 12 months and currently have a waiting list, resulting in little to no vacancies at the property. Additional revenue is generated from the laundry facilities and late payment fees. The current NOI for this property stands at $138,889.73 representing a 8.42 CAP Rate.

MLS #:
1068257
Taxes
$3,876(2023)
Lot Size
0.45 acres
Type
Multifamily
Year Built
1962
County
Yavapai County

Listed By

Abigail Chartier, Prescott Commercial Real Estate
Source
Prescott AZ Area MLS
Last checked Oct 18 2024 at 7:17 AM GMT+0000
Bathroom Details
Heating and Cooling
  • Natural Gas
  • Ceiling Fan(s)
Flooring
  • Tile
  • Laminate
Exterior Features
  • Separate Storage
  • Patio/Deck/Balcony
  • Laundry Facilities
  • Roof: Asphalt Shingle
Utility Information
  • Utilities: Wwt - City Sewer, Water - City, Underground Utilities, Natural Gas on-Site, Master Meters
  • Fuel: Gas
Stories
  • 2
Location
   
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Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

Listing price
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Disclaimer: Copyright 2024 Prescott Arizona MLS. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is 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. Data last updated 10/18/24 00:17