314 S Virginia Street, Prescott, AZ 86303
- $1,100,000
- List Price
- $1,100,000
- Year Built
- 1980
- Acres
- 0.17
- MLS#
- 1084217
- Lot Size
- 7,405
Property Description
Positioned minutes from Prescott's vibrant Courthouse Plaza, this well-located 8-unit apartment complex presents an outstanding opportunity to acquire a multifamily asset in one of Northern Arizona's highly sought-after rental markets. Residents enjoy convenient access to downtown's restaurants, boutiques, entertainment, and employment centers, making this a desirable location for long-term tenancy. This property offers investors the opportunity to benefit from Prescott's strong downtown rental demand, and attractive lifestyle appeal. Whether implementing strategic value-add improvements, optimizing rental income over time or pursuing immediate cash flow, this property provides multiple avenues to enhance returns. Opportunities to acquire smaller apartment complexes in Prescott are increasingly limited. This 8-unit property offers investors the rare combination of location, consistent rental demand, and upside potential in a market that continues to experience strong housing demand and constrained multifamily supply.
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Additional Information
- Construction
- Frame
- Cooling
- Ceiling Fan(s), Room Refrigeration
- Exterior Features
- Laundry Facilities
- Flooring
- Carpet, Vinyl
- Heating
- Baseboard
- Owner Pays
- Water
- REO/Short Sale
- Not Applicable
- Roof
- Asphalt
- Stories
- 2
- Taxes
- $1,277
- Tax Year
- 2025
- Water Heater
- Electric
- Zoning
- MF-M
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Listing courtesy of Invest Southwest.