409 S Montezuma Street, Prescott, AZ 86303

$875,000
Property Type: Commercial/Indstrial Square Footage: 6,229 Status: Closed
Current Price: $875,000 List Date: 3/09/2019 Last Modified: 6/20/2023

Description

Extended Stay & Transient Motel FOR SALE in Downtown Prescott offered at $895,000. The Gordon James Motel is one of only a few daily, weekly monthly rentals in the Prescott area. This Turn-key opportunity offers all furniture, fixtures and equipment, name and brand all with great cash flow & upside. Situated on approx. .33 acres, there are 12 units: 10 one-bedroom units of approx. 500 sf each offering a kitchen, living room and bathroom; 1 two-bedroom unit approx. 855 sf including a full kitchen, large living room and full bath and one studio unit approx. 374 sf with kitchen and bathroom. There are 12 on-site parking spaces along with an on-site Manager's office and coin operated laundry room. All units offer wi-fi, cable and all utilities. The property is in very good (CLICK MORE TAB...)

Supplements: Extended Stay & Transient Motel FOR SALE in Downtown Prescott offered at $895,000. The Gordon James Motel is one of only a few daily, weekly monthly rentals in the Prescott area. This Turn-key opportunity offers all furniture, fixtures and equipment, name and brand all with great cash flow & upside. Situated on approx. .33 acres, there are 12 units: 10 one-bedroom units of approx. 500 sf each offering a kitchen, living room and bathroom; 1 two-bedroom unit approx. 855 sf including a full kitchen, large living room and full bath and one studio unit approx. 374 sf with kitchen and bathroom. There are 12 on-site parking spaces along with an on-site Manager's office and coin operated laundry room. All units offer wi-fi, cable and all utilities. The property is in very good condition with many recent renovations made. Very low historical vacancy. This is a wonderful investments opportunity in downtown Prescott.

More Information MLS# 1019020

ContractAddressLegal

Original List Price: 895000 Listing Date: 2019-03-08 Status: Closed Listing Price: 895000 Street #: 409 Direction: S Street Name: Montezuma St Suffix: Street City/Township: Prescott State: AZ Zip Code: 86303 County: Yavapai Tax Parcel: 109-03-081

General Property Description

Buildings: 2 Total Liveable SqFt: 6229 Source of Measuremnt: County Assessor Parking Spaces: 12 Year Built: 1963 Baths - Full: 12

Tax Info

Taxes: 4037 Tax Year: 2018

Status Change Info

Under Contract Date: 2019-06-26 Sold Date: 2019-08-28 Sold Price: $875,000 Sold Price/SqFt: 140 Financing: Conventional

Property Features

Bathrooms: Interior Building Type: Motel/Hotel Business Location: Freestanding Bldg Commercial Amenities: Ceiling Ht. Under 12 Construction: Frame - Wood; Stucco Cooling: Ceiling Fan(s); Gas Pack; Heat Pump; Other; See Remarks External Amenities: Handicap Access; Landscaped; Paved Parking Flooring: Carpet; Vinyl Heating: Electric; Natural Gas; Natural Gas Internal Amenities: Bathroom; Ceiling Fan(s); Fire/Smoke Detector; Kitchen Parking: On-Site Possession: At Recordation Records Available: Other - See Remarks Road Responsibility: City Maintained Road; Paved Roof: Asphalt Shingle Utilities Installed: Electricity; Master Meter; Natural Gas; Telephone; Underground; Water - City; WWT - City Sewer
Listing Office: Better Homes And Gardens Real Estate Bloomtree Realty
Last Updated: June - 20 - 2023
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