622 Western Ave - Apartments FOR SALE


Prescott, AZ 86305- Downtown Prescott
$999,000 USD
928-642-3032
622 Western Ave, Prescott, AZ for Sale
$999,000 USD
Apartments - FOR SALE
1/32
null | Request Cap Rate

622 Western Ave
Prescott, AZ 86305
Downtown Prescott


HIGHLIGHTS

  • Five-unit multifamily property consisting of two 2BR/1BA units, two 1BR/1BA units, and one studio
  • Fully occupied with stable in-place income
  • Annual gross income of $86,160
  • Individually metered for gas and electric, minimizing owner utility expenses
  • Located in Prescott with strong rental demand and long-term investment potential

OVERVIEW

Exceptional 5-unit multifamily investment opportunity in Prescott, offering strong in-place income and full occupancy. The unit mix consists of two 2-bedroom/1-bath units, two 1-bedroom/1-bath unit, and one studio, providing a diversified rental profile that appeals to a broad tenant base. The property is fully occupied with a total annual gross income of $86,160.00, delivering immediate and stable cash flow. Each unit is individually metered for gas and electric, helping to minimize owner expenses and simplify utility management. All tenants are month-to-month allowing for new ownership flexibility. With its desirable unit mix, consistent occupancy, and this property presents an attractive opportunity for both seasoned investors and those looking to expand their multifamily portfolio in a strong rental market at Downtown Prescott.

FOR SALE DETAILS

PRICE

$999,000 USD

PRICE/SF

$312 USD /SF

# OF UNITS

1650

PRICE/UNIT

$605

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

5 Unit Multifamily - Western | Garden

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1930

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

BG - Business General

APN/PARCEL ID

113-12-100

ASK ABOUT THIS PROPERTY

Abigail ChartierArizona CommercialMore Info
928-642-3032

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Abigail ChartierArizona CommercialMore Info
928-642-3032

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