520 S Cortez ST, Prescott, AZ 86303
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520 S Cortez ST, Prescott, AZ 86303
520 S Cortez ST, Prescott, AZ 86303
520 S Cortez ST, Prescott, AZ 86303
520 S Cortez ST, Prescott, AZ 86303
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Paul Simari

Paul Simari

+1(928) 232-2792
Listed by Better Homes And Gardens Real Estate Bloomtree Realty
$ 1,185,000
Est. payment /mo
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Active

520 S Cortez ST Prescott, AZ 86303

0.52 Acres Lot

UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Subdivision Prescott Original Township

MLS Listing ID 1078584

HOA Y/N false

Year Built 1996

Annual Tax Amount $2,938

Tax Year 2025

Lot Size 0.520 Acres

Acres 0.52

Source paar

Property Description

Exceptional Multi-Family Opportunity Near Downtown Prescott. Offered for the first time on the market, this rare four-plex is ideally located just moments from historic downtown Prescott, providing an outstanding opportunity for investors or owner-occupants alike. The property features four distinct floor plans constructed from 12 inch poured concrete walls, 4 inch thick concrete with steel web flooring girders. It includes a spacious owner's unit offering just over 1,600 square feet, perfect for comfortable on-site living while generating rental income from the remaining units with a beautiful covered temperature controlled Arizona room with west facing views. The four-plex presents an immediate income producing opportunity, with additional upside through light renovations and updates to further enhance value and long term returns, with a future elevator through a uniquely design shaft already on site. Situated on a triple lot, the property has exterior covered parking, paved road and alley access, a fenced in garden area, along with a motorhome pad with full hookups available. The property also offers significant future potential, as current zoning allows for the expansion of an additional multi-family building, making this a compelling value add or development play. With its prime proximity to downtown amenities, dining, and entertainment, and opportunities like this rarely coming available, this is a truly special Prescott investment property that blends location, income, and future growth potential.

Location

State AZ

County Yavapai

Interior

Heating Heat Pump, Natural Gas

Cooling Ceiling Fan(s), Central Refriger, Other

Flooring Carpet, Tile

Exterior

Exterior Feature Other, Balcony

Utilities Available Cable Available, Electricity Available, Individual Meter, Natural Gas Available, Other, Phone Available, WWT - City Sewer

Roof Type Metal

Street Surface Asphalt,Paved

Road Frontage City Street

Building

Story 2

Structure Type Block,Frame,Other,Stucco

Others

Acceptable Financing 1031 Exchange, Cash, Conventional, Other - See Remarks

Listing Terms 1031 Exchange, Cash, Conventional, Other - See Remarks

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Prescott Area Association of Realtors (PAAR MLS)

Nearby Locations

Paul Simari

Paul Simari

Agent | SASA679860000

+1(928) 232-2792

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520 S Cortez ST