403 Clark Street, Jerome, AZ 86331
New Listing
$4,000,000
Property Type:
Multi-Family
Square Footage:
21,849
Lot Size (sq. ft.):
50,965
Status:
Active
Current Price:
$4,000,000
List Date:
5/03/2025
Last Modified:
5/03/2025
Description
Step back in time and own a piece of Jerome history! Perched majestically on the Jerome Hillside, overlooking the stunning Verde Valley, this 107-year-old gem whispers tales of the past. Originally built in 1918 by the UVX Mining Company to house its medical staff, this mixed-use property boasts timeless architecture and a prime location in the heart of Jerome's bustling visitor district. Featuring 21 residential units, 9 commercial spaces, and an adjacent 0.61-acre parking lot (48 spaces), this 21,850 sq ft property offers significant upside potential. Capitalize on the opportunity to increase rents, fill vacancies, and develop the additional lot for even greater income streams. With its captivating history, walkable location, diverse tenant mix, and 315 feet of highway frontage you can
More Information MLS# 1072946
ContractAddressLegal
Original List Price: 4000000
Listing Date: 2025-05-02
Status: Active
Listing Price: 4000000
Street #: 403
Street Name: Clark
St Suffix: Street
City/Township: Jerome
State: AZ
Zip Code: 86331
Subdivision: None
County: Yavapai
Tax Parcel: 401-06-152h
General Property Description
Lot #: 1
Lot Size: 50965.2
Aprx Acres: 1.17
Total Liveable SqFt: 21849
Source of Measuremnt: County Assessor
Buildings: 1
Stories: 3
Year Built: 1918
Management: Owner
Gross Vol/Yr $: 313572
NOI $: 280000
Vac Rate %: 16
Cap %: 7
CAM $: 33572
HOA Y/N: No
Baths - Full: 30
More than 5 Units: Yes
Tax Info
Taxes: 7478
Tax Year: 2024
Asmts Freq: Annual
Builder Name: UVX Mining Company
Property Features
Building Type: 5+ Units
Construction: Block; Frame - Wood; Stucco
Cooling: Ceiling Fan(s); Evaporative Cooling; Mini-Split; Room Refrigeration
External Amenities: Landscaped; Laundry Facilities; Patio/Deck/Balcony; Separate Storage
Flooring: Carpet; Concrete; Tile
Heating: Baseboard; Electric; Forced - Gas; Natural Gas; Wall Unit
Owner Pays: Other - See Remarks
Records Available: None
Road Frontage Type: City Street; State Road
Road Surface Type: Alley Paved; Asphalt; Concrete; Paved
Road Responsibility: City Maintained Road; State Maintained Road
Roof: Rolled/Hot Mop
Utilities Installed: Electricity; Individual Meter; Master Meter; Natural Gas; Telephone; Underground; Water - City; WWT - City Sewer
Water Heater: Electric; Tankless Water Heater; Two or More
Listing Office: Prescott Commercial Real Estate
Last Updated: May - 03 - 2025
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