131 S Summit Avenue, Prescott, AZ 86303
New Listing
$8,250,000
Property Type:
Multi-Family
Square Footage:
2,324
Lot Size (sq. ft.):
9,583
Status:
Active
Current Price:
$8,250,000
List Date:
5/24/2025
Last Modified:
5/24/2025
Description
Prime Investment Opportunity in Prescott, AZ - 7-Bedroom Rental Property with Tremendous Upside
Located in the heart of Prescott, this spacious 7-bedroom property presents a rare and exciting investment opportunity. Whether you're expanding your portfolio or diving into your first income property, this versatile home offers strong rental potential and room for growth.
Situated in a highly desirable area known for its charm, community feel, and proximity to downtown, this property is ideal for long-term tenants, vacation rentals, or even a hybrid use. With multiple bedrooms and flexible living spaces, it easily accommodates large groups or multiple tenants, maximizing income potential.
Supplements: The property boasts solid bones and is ready for your visionthere's significant upside for value-add improvements, whether through cosmetic upgrades or reconfiguration for enhanced functionality and appeal. Don't miss your chance to own a high-potential rental in one of Arizona's most sought-after mountain towns. Schedule a showing today and discover what makes this Prescott gem a smart addition to any investment portfolio.
More Information MLS# 1073549
ContractAddressLegal
Original List Price: 8250000
Listing Date: 2025-05-23
Status: Active
Listing Price: 8250000
Street #: 131
Direction: S
Street Name: Summit
St Suffix: Avenue
City/Township: Prescott
State: AZ
Zip Code: 86303
Subdivision: None
County: Yavapai
Tax Parcel: 109-05-090
General Property Description
Lot #: -
Bedrooms Possible: 7
Lot Size: 9,583
Aprx Acres: 0.22
Total Liveable SqFt: 2324
Source of Measuremnt: County Assessor
Buildings: 3
Stories: 1
Year Built: 1942
Management: Owner
Baths - Full: 3
Tax Info
Taxes: 1702
Tax Year: 2024
Unit 1
Unit ID: 131
# BR: 4
# BA: 3
SqFt: 2324
Unit 2
Unit ID: 135
# BR: 2
# BA: 1
SqFt: 826
Tenant Utilities: cable/internet
Rent $: 1600
Unit 3
Unit ID: 137
# BR: 1
# BA: 1
SqFt: 228
Tenant Utilities: cable/internet
Rent $: 975
Unit 4
Tenant Utilities: cable/internet
Rent $: 1100
Property Features
Building Type: Other - See Remarks
Construction: Frame - Wood; Stucco
Cooling: Ceiling Fan(s); Evaporative Cooling
External Amenities: Fence; Patio/Deck/Balcony; Separate Storage
Flooring: Carpet; Tile; Wood
Heating: Forced - Gas; Wall Unit
Owner Pays: All
Records Available: None
Road Frontage Type: City Street
Road Surface Type: Asphalt
Road Responsibility: City Maintained Road
Roof: Asphalt Shingle
Showing Instructions: Vacant Go Show
Utilities Installed: Cable TV; Electricity; Natural Gas; Water - City; WWT - City Sewer
Water Heater: Natural Gas
Unit 1 Parking: Off Street
Unit 1 Info: Ceiling Fan(s); Dishwasher; Laundry Room; Microwave; Porch/Patio; Range/Oven; Refrigerator; W/D Connection
Unit 2 Parking: Off Street
Unit 2 Info: Ceiling Fan(s); Dishwasher; Microwave; Porch/Patio; Range/Oven; Refrigerator; Storage Room
Unit 3 Parking: Off Street
Unit 3 Info: Ceiling Fan(s); Microwave; Porch/Patio; Refrigerator
Listing Office: Above The Best Realty LLC
Last Updated: May - 24 - 2025
The data relating to real estate for sale on this site comes from the Broker Reciprocity/IDX of Prescott Area Association of REALTORS. Information provided is thought to be reliable but is not guaranteed to be accurate. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.Real estate listings held by brokerage firms other than the website owner, are indicated by detailed information about them such as the name of the listing firms. Copyright© 2020 Prescott Area Association of REALTORS. All rights reserved.
