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Listed by Invest Southwest
$ 1,100,000
Est. payment /mo
Active
314 S Virginia ST Prescott, AZ 86303
7,405 Sqft Lot
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1084217
Year Built 1980
Annual Tax Amount $1,277
Tax Year 2025
Lot Size 7,405 Sqft
Acres 0.17
Source paar
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.
Location
State AZ
County Yavapai
Interior
Heating Baseboard
Cooling Ceiling Fan(s), Room Refrigeration
Flooring Carpet, Vinyl
Exterior
Exterior Feature Laundry Facilities
Utilities Available Electricity Available, Natural Gas Available, Underground Utilities, WWT - City Sewer
Roof Type Asphalt
Street Surface Paved
Road Frontage City Street
Building
Story 2
Structure Type Frame
Others
Acceptable Financing 1031 Exchange, Conventional
Listing Terms 1031 Exchange, Conventional
Nearby Locations