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409 S Montezuma Street - Mile Hi Motel-Extended Stay, Prescott, AZ

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409 S Montezuma Street - Mile Hi Motel-Extended Stay

Prescott, AZ 86303-4223

Property Type:Hospitality Number of Rooms:12 Status:Existing Year Built:1963
Stories:1 Building Size:6,229 SF Land Area:.34 AC (14,810 SF)
For Sale Price:$665,000 Price/Room:$55,417 Cap Rate:15.00 %

Parking:1.92 Parking Spaces / 1,000 SF

Sale Notes:
Extended Stay Motel FOR SALE in Downtown Prescott offered at $665,000 a 15 Cap Rate! The Mile High Motel is one of only a few weekly monthly rentals in the Prescott are. This Turn-key opportunity offers all furniture, fixtures and equipment, name and brand all with great cash flow & upside. Situated on approx. 33 acres, there are 12 units: 10 one bedroom units approx. 500 sf each offering kitchens, living room and bathroom; 1 two bedroom unit approx. 855 sf including a full kitchen, large living room and full bath and one studio unit approx. 374 sf with kitchen and bathroom. There are 12 parking spaces along with an on-site Manager' s office and storage room. All units offer Wi-Fi, Cable and all Utilities. Property is in good repair with many renovations made over the years. Very low historical vacancy. This is a wonderful investments opportunity in downtown Prescott.

Great downtown Prescott location conveniently located within 3 block of the Prescott Courthouse.

Directions: From the downtown Courthouse, go approx. 2 blocks South on Montezuma to Property on Left.

Extended Stay Motel - 15 CAP Rate 12 Units - Monthy or Weekly Rental Low Historical Vacancy Building Well Maintained 12 On-site Parking Spaces + Manager's Office Central Downtown Prescott Location

BloomTree Realty
Raymond Zogob
(928) 443-8800

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