290 Madison Ave - Multi-Family FOR SALE


Prescott, AZ 86301- Downtown Prescott
$685,000 USD
480-309-1089
290 Madison Ave, Prescott, AZ for Sale
$685,000 USD
Multi-Family - FOR SALE
1/10
null | 8.03% Cap Rate

290 Madison Ave
Prescott, AZ 86301
Downtown Prescott


HIGHLIGHTS

  • Within Walking Distance to Downtown Prescott
  • On-site Parking
  • Private Storage for Each Tenant

OVERVIEW

This is an opportunity to scoop up an underperforming property at the heart of Prescott, AZ. This asset can deliver a 7.50% CAP rate in the rising Prescott townhome rental market. All tenants are now leasing month-to-month, providing an opportunity for a new investor/owner to step in and create market-driven performance. Units A, B, C, and D are all the same floor plan, with two units up and two units down. Each unit has a dedicated and secure storage room at the south end of the building in proximity to the private concrete parking lot. Separate mailboxes, accessible when parking. Call Broker for Lease Performance Analysis.

FOR SALE DETAILS

PRICE

$685,000 USD

PRICE/SF

$220 USD /SF

# OF UNITS

4

PRICE/UNIT

$171,250

CAP RATE

8.03%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1986

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.22 AC

LAND SF

9,583 SF

ZONING

MF-M

APN/PARCEL ID

113-14-021B

ASK ABOUT THIS PROPERTY

Matthew FishArizona CommercialMore Info
480-309-1089

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Matthew FishArizona CommercialMore Info
480-309-1089

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.