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About This Home
This 0-bedroom, 0-bathroom residential multi family at 214 N Arizona Avenue in Prescott, AZ is listed for $3,750,000. Built in 1992, on a 0.64 acres lot.
Fully leased 12 unit + office multifamily portfolio in Downtown Prescott. Three parcels totaling approximately 0.64 acres with +/-11,600 SF of improvements, 100% leased to a licensed treatment operator under a modified NNN lease structure.Current rent of $20,800/month increases 4% upon renewal, producing $249,600 in annual income post-renewal.
Tenant reimburses operating expenses and pays property taxes directly, providing stable, low-management cash flow.Zoned MF-M with long-term flexibility for continued multifamily use or redevelopment. Rare, stabilized investment opportunity in a supply-constrained downtown submarket.Offered at $3,750,000 (~6.66% cap on post-renewal income).
Key Features
- Built in 1992
- 0.64 acre lot
Property Details
Amenities
Monthly Cost Estimate
$20,056/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
214 N Arizona Avenue
Prescott, AZ 86301
Joslin Whipple
Features & Amenities
Exterior Features
Property Details
Flooring
Construction
Heating
Cooling
Questions & Answers
This 0-bedroom, 0-bathroom residential multi family at 214 N Arizona Avenue is listed at $3,750,000. The estimated monthly payment is $16,250 based on 20% down at 6.5% interest.
Key features include: Built in 1992, 0.64 acre lot. Exterior Features: Handicap Access.
This property is listed by Nick Malouff and can be reached at 9289252023 or nickmalouff@gmail.com.
