500 Copper Basin Road, Prescott, AZ 86303
New Listing
$1,649,000



















Property Type:
Multi-Family
Square Footage:
4,686
Lot Size (sq. ft.):
19,602
Status:
Active
Current Price:
$1,649,000
List Date:
5/01/2025
Last Modified:
5/01/2025
Description
Situated amidst the vibrant shops and dining establishments along Highway 89 and in Downtown Prescott, this delightful rental property is ideally positioned just a few blocks from the Prescott Courthouse. Previously known as the Pine View Motel, the new ownership has undertaken significant renovations, transforming it into a profitable venture. Spanning a total of 4,686 square feet, this accommodation features 15 units, comprising 2 suites and 13 studio rooms. These rooms are available for rental periods of 6 or 12 months and currently have a waiting list, resulting in little to no vacancies at the property. Additional revenue is generated from the laundry facilities and late payment fees. The current NOI for this property stands at $138,889.73 representing a 8.42 CAP Rate.
More Information MLS# 1068257
ContractAddressLegal
Original List Price: 1649000
Listing Date: 2024-10-16
Status: Active
Listing Price: 1649000
Street #: 500
Street Name: Copper Basin
St Suffix: Road
City/Township: Prescott
State: AZ
Zip Code: 86303
County: Yavapai
Tax Parcel: 109-09-078A
General Property Description
Lot #: --
Lot Size: 19602
Aprx Acres: 0.45
Total Liveable SqFt: 4686
Source of Measuremnt: Owner
Buildings: 5
Stories: 2
Year Built: 1962
Management: Owner
Gross Vol/Yr $: 190697
NOI $: 138889
Cap %: 8.42
CAM $: 52807
HOA Y/N: No
Baths - Full: 15
More than 5 Units: Yes
Tax Info
Taxes: 3876
Tax Year: 2023
Property Features
Building Type: 5+ Units
Construction: Frame - Wood
Cooling: Ceiling Fan(s)
External Amenities: Laundry Facilities; Patio/Deck/Balcony; Separate Storage
Flooring: Laminate; Tile
Heating: Natural Gas
Owner Pays: Electric; Gas/Propane; Trash; Water
Records Available: None
Road Frontage Type: City Street
Road Surface Type: Concrete
Road Responsibility: City Maintained Road
Roof: Asphalt Shingle
Utilities Installed: Master Meter; Natural Gas; Underground; Water - City; WWT - City Sewer
Water Heater: Electric
Listing Office: Prescott Commercial Real Estate
Last Updated: May - 01 - 2025
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