622 Western Avenue, Prescott, AZ 86305
- $999,000
- List Price
- $999,000
- Price Change
- ▼ $101,000 1776204929
- Days on Market
- 137
- Year Built
- 1930
- Acres
- 0.17
- MLS#
- 1080130
- Lot Size
- 7,405
Property Description
Exceptional 5-unit multifamily investment opportunity in Prescott, offering strong in-place income and full occupancy. The unit mix consists of three 2-bedroom/1-bath units, one 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.
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Additional Information
- Construction
- Other
- Cooling
- Other
- Exterior Features
- Other
- Flooring
- See Remarks
- Heating
- See Remarks
- Owner Pays
- Other
- REO/Short Sale
- Not Applicable
- Roof
- Other
- Stories
- 1
- Water Heater
- Other - See Remarks
- Zoning
- BG
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Listing courtesy of Arizona Commercial.