500 Copper Basin Road
Prescott, AZ 86303
- – beds
- – baths
- – sqft
- ~1/2 acre lot
- 1962 build
- – on site
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.
Last checked:
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Last updated Oct 18, 2024
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MLS# 1068257 —
The Building
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Year Built:1962
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Construction Materials:Wood Frame
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Stories Total:2
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Roof:Asphalt Shingle
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Exterior Features:Laundry Facilities, Patio/Deck/Balcony, Separate Storage
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Building Type:5+ Units
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Building Area Total:4686
Interior
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Flooring:Laminate, Tile
Financial & Terms
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Terms and Conditions:1031 Exchange,Cash,Conventional
Location
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Directions:Corner northeast corner of White Spar and Copper Basin, right after Safeway.
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Latitude:34.529985
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Longitude:-112.475701
The Property
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Property Type:Residential Income
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Lot Size Acres:0.45
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Lot Size SqFt:19602
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Lot Size Source:Owner
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Zoning:BG
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Road Responsibility:City Maintained Road
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Road Surface Type:Concrete
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Road Frontage Type:City Street
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Additional Parcels:false
Listing Agent
- Contact info:
- Agent phone:
- (928) 642-3032
- Office phone:
- (928) 515-1223
Taxes
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Tax Year:2023
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Tax Annual Amount:3876
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Tax Legal Description:IRREG PCL APPROX 185X80X182X104.34' CONT APPROX .453AC BEG APPR OX 818' N & 680' W OF S4 COR OF SEC 4 13 2W AP18
Heating & Cooling
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Heating:Natural Gas
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Cooling:Ceiling Fan(s)
Utilities
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Utilities:Master Meters, Natural Gas On-Site, Underground Utilities, Water - City, WWT - City Sewer
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Water Heater:Electric
The Community
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Association:false
The information being provided by Prescott Area Association of REALTORS is for the consumer’s personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The information is deemed reliable but not guaranteed and should therefore be independently verified.
Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
10/16/24
Oct 16, 2024
|
Listed / Active | PAAR | $1,649,000 |
