423 Beach Avenue, Prescott, AZ 86303
$740,000
Property Type:
Multi-Family
Square Footage:
1,956
Lot Size (sq. ft.):
5,663
Status:
Closed
Current Price:
$740,000
List Date:
5/21/2021
Last Modified:
6/20/2023
Description
Two-for-one, 4 bed 2 bath multi-family Craftsman & detached Cottage in historic downtown Prescott just 1.5 blocks from the courthouse square and steps to favorite local hangouts. This 1909 Craftsman front home and 1904 Cottage turn-key investment property could be big money earners with an estimated 11% CAP rate based on comparable rentals. Cottage currently rents for $120/night. Owners estimate front home at $210/night. Live or Business Office in front craftsman & rent out Cottage. Beach Ave is the perfect location for enjoying all that Prescott offers all year long and just steps from downtown shops, restaurants, breweries, hot yoga and community events including the Christmas Courthouse lighting, holiday parades & Acker music festival.
More Information MLS# 1038717
Contract/Address/Legal
Original List Price: 895000
Listing Date: 2021-05-13
Status: Closed
Listing Price: 795000
List Price/SqFt: 406
Rent/Lease: No
Street #: 423
Street Name: Beach
St Suffix: Avenue
City/Township: Prescott
State: AZ
Zip Code: 86303
Subdivision: Fleurys Addition
County: Yavapai
Zoning: DTB
REO/Short Sale: Not Applicable
Tax Parcel: 109-05-087B
Assessor's Book #: 109
Assessor's Map #: 5
Assessor's Parcel #: 87
Assessor Parcel Ltr: B
Legal: FLEURY'S ADD W 375' LOT 14 LESS PTN IN SW COR OF LOT SEC 4-13-2W CONT .13AC 4154/400
General Property Description
Lot #: 14
Lot Size: 5876
Aprx Acres: 0.13
Total Liveable SqFt: 1956
Source of Measuremnt: County Assessor
Buildings: 2
Stories: 1
Year Built: 1909
Management: Owner
Gross Vol/Yr $: 122220
Vac Rate %: 15
Cap %: 11.37
HOA Y/N: No
Baths - Full: 2
More than 5 Units: No
Tax Info
Taxes: 909
Tax Year: 2020
Remarks & Misc
Directions: Downtown Prescott south on Whiskey Row (Montezuma), right on Goodwin, right on S Summit Ave, Right onto Beach Avenue.
Office/Member Info
Compensation: 2.5
Compensation Type: %
Status Change Info
Under Contract Date: 2021-08-04
Sold Date: 2021-10-06
Sold Price: $740,000
Sold Price/SqFt: 378
Financing: Exchange
Unit 1
Unit ID: Front House
# BR: 3
# BA: 2
SqFt: 1956
Rent $: 6300
Unit 2
Unit ID: Back House
# BR: 1
# BA: 1
SqFt: 403
Rent $: 3600
Property Features
Building Type: Residential+
Construction: Frame - Wood; Stucco; Other - See Remarks
Cooling: Ceiling Fan(s); Central Refriger; Other; See Remarks
External Amenities: Fence; Landscaped; Laundry Facilities; Patio/Deck/Balcony
Flooring: Tile; Vinyl; Wood
Heating: Forced - Gas; Other; See Remarks
Owner Pays: All
Possession: At Recordation
Records Available: None
Road Frontage Type: City Street
Road Surface Type: Paved
Road Responsibility: City Maintained Road
Roof: Asphalt Shingle
Terms & Conditions: 1031 Exchange; Conventional; VA
Utilities Installed: 220; Electricity; Master Meter; Natural Gas; Telephone; Water - City; WWT - City Sewer
Water Heater: Electric; Other - See Remarks
Unit 1 Parking: 3+ Car
Unit 1 Info: Ceiling Fan(s); Dishwasher; Disposal; Fire/Smoke Detectors; Laundry Room; Porch/Patio; Range/Oven; Refrigerator; Storage Room; W/D Connection; Other - See Remarks
Unit 2 Parking: 1 Car; Off Street; Other - See Remarks
Unit 2 Info: Ceiling Fan(s); Fire/Smoke Detectors; Laundry Room; Microwave; Porch/Patio; Range/Oven; Refrigerator; W/D Connection; Other - See Remarks
Listing Office: Better Homes And Gardens Real Estate Bloomtree Realty
Last Updated: June - 20 - 2023
The listing broker’s offer of compensation is the dollar amount or percentage of sale price the listing broker offers to pay a broker who (a) participates in the multiple listing service where the listing broker filed the listing and (b) procures the buyer for a successful transaction.
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