403 Clark St - Apartments FOR SALE


Jerome, AZ 86331
$4,000,000 USD
480-309-1089
403 Clark St, Jerome, AZ for Sale
$4,000,000 USD
Apartments - FOR SALE
1/72
null | 7% Cap Rate

403 Clark St
Jerome, AZ 86331


HIGHLIGHTS

  • Incredible View, Very Walkable, Mixed Use 9 commercial units, lots of upside, historical treasure

OVERVIEW

Step back in time and own a piece of Jerome history! Perched majestically on the Jerome Hillside, overlooking the stunning Verde Valley, this 107-year-old gem whispers tales of the past. Originally built in 1918 by the UVX Mining Company to house its medical staff, this mixed-use property boasts timeless architecture and a prime location in the heart of Jerome's bustling visitor district. Featuring 21 residential units, 9 commercial spaces, and an adjacent 0.61-acre parking lot (48 spaces), this 21,850 sq ft property offers significant upside potential. Capitalize on the opportunity to increase rents, fill vacancies, and explore development opportunities the additional lot for even greater income streams. With its captivating history, walkable location, diverse tenant mix, and 315 feet of highway frontage, this property is poised to generate significant cash flow for years to come.

FOR SALE DETAILS

PRICE

$4,000,000 USD

PRICE/SF

$163 USD /SF

# OF UNITS

30

PRICE/UNIT

$133,333

CAP RATE

7%

% LEASED

86%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Jerome UVX Center

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Storefront Retail/Residential, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1918

PARKING SPACES

48

LAND DETAILS

LAND ACRES

1.17 AC

LAND SF

50,965 SF

ZONING

C1

APN/PARCEL ID

401-06-152H,401-06-157B

ASK ABOUT THIS PROPERTY

Matthew FishPrescott Commercial Real EstateMore Info
480-309-1089

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Matthew FishPrescott Commercial Real EstateMore Info
480-309-1089

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