214 N Arizona AVE, Prescott, AZ 86301
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214 N Arizona AVE, Prescott, AZ 86301
214 N Arizona AVE, Prescott, AZ 86301
214 N Arizona AVE, Prescott, AZ 86301
214 N Arizona AVE, Prescott, AZ 86301
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Paul Simari

Paul Simari

+1(928) 232-2792
Listed by Commercial Advisors of Prescott
$ 3,750,000
Est. payment /mo
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Active

214 N Arizona AVE Prescott, AZ 86301

0.64 Acres Lot

UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Subdivision Joslin Whipple

MLS Listing ID 1079801

HOA Y/N false

Year Built 1992

Annual Tax Amount $6,330

Tax Year 2025

Lot Size 0.640 Acres

Acres 0.64

Source paar

Property Description

Fully leased 12 unit + office multifamily portfolio in Downtown Prescott. Three parcels totaling approximately 0.64 acres with +/-11,600 SF of improvements, 100% leased to a licensed treatment operator under a modified NNN lease structure.Current rent of $20,800/month increases 4% upon renewal, producing $249,600 in annual income post-renewal. Tenant reimburses operating expenses and pays property taxes directly, providing stable, low-management cash flow.Zoned MF-M with long-term flexibility for continued multifamily use or redevelopment. Rare, stabilized investment opportunity in a supply-constrained downtown submarket.Offered at $3,750,000 (~6.66% cap on post-renewal income).

Location

State AZ

County Yavapai

Interior

Heating Electric, Heat Pump, Natural Gas

Cooling Ceiling Fan(s), Central Refriger, Evaporative Cooling, Heat Pump, Room Evap

Flooring Carpet, Laminate, Tile

Exterior

Exterior Feature Handicap Access

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

Roof Type Asphalt

Street Surface Paved

Road Frontage City Street

Building

Structure Type Frame

Others

Acceptable Financing 1031 Exchange, Cash, Conventional

Listing Terms 1031 Exchange, Cash, Conventional

Prescott Area Association of Realtors (PAAR MLS)

Nearby Locations

Paul Simari

Paul Simari

Agent | SASA679860000

+1(928) 232-2792

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214 N Arizona AVE