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602 S Cortez St
Prescott, AZ 86303
Land For Sale
·
2.96 AC
Property Facts
| Property Type | Land | Proposed Use | Apartment Units |
| Property Subtype | Residential | Total Lot Size | 2.96 AC |
| Zoning | MF-H | ||
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Apartment Units |
| Total Lot Size | 2.96 AC |
| Zoning | MF-H |
About 602 S CORTEZ ST , PRESCOTT, AZ 86303
Cortez Circle is a well maintained 38-unit apartment community located in the Downtown area of Prescott, Arizona. The unit mix consists of four different floor plans from Studios to 2-bedrooms, with many of the apartments being 2-story townhome style units. Ownership has been in the process of renovating and upgrading the apartments, with 15 units completed thus far. Once renovated, these apartments easily bring an additional $50 - $200/month in rent - with little to no resistance whatsoever - meaning a new owner can continue this improvement plan with the remaining 23 apartments. In addition to the 38 apartments included in this offering, the same owner also has a 3.86 acre parcel directly adjacent to the entrance which was approved by the City on May 8, 2018 for an additional 28 apartments in six buildings. This parcel, including all plans, surveys and related documentation is also for sale at a price of $1,300,000 (See Listing Broker for more specific additional information).
Property Taxes
| Parcel Number | 109-15-015B | Improvements Assessment | $0 |
| Land Assessment | $266,959 | Total Assessment | $266,959 |
Property Taxes
