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500 Copper Basin Road
Prescott AZ 86303 US

$1,649,000

Active Listing ID 1068257
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Lot: 0.45 Acres
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Other

$1,649,000

Active Listing ID 1068257
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500 Copper Basin Road Situated amidst the vibrant shops and dining establishments along Highway 89 and in Downtown Prescott, this delightful rental property is ideally positioned just a few blocks from the Prescott Courthouse. Previously known as the Pine View Motel, the new ownership has undertaken significant renovations, transforming it into a profitable venture. Spanning a total of 4, 686 square feet, this accommodation features 15 units, comprising 2 suites and 13 studio rooms. These rooms are available for rental periods of 6 or 12 months and currently have a waiting list, resulting in little to no vacancies at the property. Additional revenue is generated from the laundry facilities and late payment fees. The current NOI for this property stands at $138, 889.73 representing a 8.42 CAP Rate.

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Property Features

  • Facts
  • Lot Size: 0.45 Acres
  • Property Type: Residential Multi Family
  • Property Sub-type: Other
  • Features
  • Cooling System: Ceiling Fan(s)
  • Exterior Finish: Laundry Facilities, Patio/Deck/Balcony, Separate Storage
  • Floor Covering: Laminate, Tile
  • Roof Type: Asphalt, Shingle
  • Additional Features
  • Patio

Property

  • propertytype: Residential Multi Family
  • propertysubtype: Other
  • listprice: 1649000
  • unparsedaddress: 500 Copper Basin Road
  • postalcity: Prescott
  • stateorprovince: AZ
  • country: US
  • postalcode: 86303
  • bathroomsfull: 0
  • bathroomshalf: 0
  • bathroomsonequarter: 0
  • bathroomsthreequarter: 0
  • lotsizeacres: 0.45
  • lotsizeunits: Acres
  • lotsizearea: 0.45
  • livingarea: 4686
  • livingareaunits: Square Feet
  • latitude: 34.530073
  • longitude: -112.475649
  • listagentfullname: Abigail Chartier
  • listagentemail: abigail@prescottcre.com
  • listagentkey: 3yd-PAARAZ-34891
  • listagentmlsid: 34891
  • listagentpreferredphone: 9286423032
  • listagentofficephone: 9285151223
  • listofficekey: 3yd-PAARAZ-20384
  • listagentstatelicense: SA710066000
  • listofficemlsid: 20384
  • disclaimer: Copyright © 2024 Prescott Area Association of Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
  • sourcesystemid: PAARAZ
  • yearbuilt: 1962
  • listingcontractdate: 2024-10-16
  • countyorparish: Yavapai
  • parcelnumber: 109-09-078A
  • cooling: Ceiling Fan(s)
  • constructionmaterials: Frame
  • flooring: Laminate, Tile
  • numberofunitstotal: 15
  • fireplaceyn: False
  • transactiontype: ForSale
  • storiestotal: 0
  • parkingtotal: 0
  • roof: Asphalt, Shingle
  • waterfrontyn: False
  • exteriorfeatures: Laundry Facilities, Patio/Deck/Balcony, Separate Storage
  • architecturalstyle: Other
  • patioandporchfeatures: Patio, Deck
  • dock: False
  • poolprivateyn: False
  • spayn: False
  • internetaddressdisplayyn: True
  • internetautomatedvaluationdisplayyn: True
  • internetconsumercommentyn: True
  • location: -112.47565, 34.53007
  • customfields: {"AdditionalInformation":{}, "AlternatePrices":[], "BrokerName":"Prescott Commercial Real Estate", "BuilderEmail":null, "BuilderFax":null, "BuilderPhone":null, "City":null, "Country":null, "Expenses":[], "GeocodeOptions":null, "LeadRoutingEmail":"abigail@prescottcre.com", "ListBrokerageCity":"Prescott", "ListBrokerageCountry":"US", "ListBrokerageEmail":null, "ListBrokerageLogoUrl":null, "ListBrokerageName":"Prescott Commercial Real Estate", "ListBrokeragePhone":"(480) 309-1089", "ListBrokeragePostalCode":null, "ListBrokerageStateOrProvince":"AZ", "ListBrokerageUnitNumber":null, "ListBrokerageUnparsedAddress":"122 N. Cortez St Suite 300", "ListBrokerageWebsiteUrl":null, "ListOfficeAddress1":"122 N. Cortez St Suite 300", "ListOfficeAddress2":null, "ListOfficeBrokerMlsId":"8564", "ListOfficeCity":"Prescott", "ListOfficeCountry":"US", "ListOfficeEmail":"matt@prescottcre.com", "ListOfficePostalCode":"86301", "ListOfficeStateOrProvince":"AZ", "ListPriceCurrencyType":"USD", "ListingTitle":"Residential Income - Prescott, AZ", "ListingURL":"https://www.realtor.com/realestateandhomes-detail/500-Copper-Basin-Rd_Prescott_AZ_86303_M92192-28778?f=listhub&s=PAARAZ&m=1068257&c=rexren", "MLSModificationTimestamp":"2024-10-16T22:50:20Z", "Neighborhoods":[{"Description":null, "Name":"N/A"}], "PostalCode":null, "RoomCount":null, "StateOrProvince":null, "Taxes":[{"TaxAnnualAmount":3876, "TaxDescription":null, "TaxYear":"2023"}], "UnitNumber":null, "UnparsedAddress":null}
Listing Changed: 11/8/2024 8:02:23 AM GMT
Source Updated Date: 11/23/2024 6:52:39 AM GMT

Courtesy of: Abigail Chartier, Prescott Commercial Real Estate, abigail@prescottcre.com

Copyright © 2024 Prescott Area Association of Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.