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622 Western Ave
Prescott, AZ 86305
5 Unit Multifamily - Western | Garden · Multifamily Property For Sale
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5 Units
Investment Highlights
- Five-unit multifamily property consisting of three 2BR/1BA units, one 1BR/1BA units, and one studio
- Annual gross income of $86,160
- Located in Prescott with strong rental demand and long-term investment potential
- Fully occupied with stable in-place income
- Individually metered for gas and electric, minimizing owner utility expenses
Executive Summary
Exceptional 5-unit multifamily investment opportunity in Prescott, offering strong in-place income and full occupancy. The unit mix consists of three 2-bedroom/1-bath units, one 1-bedroom/1-bath unit, and one studio, providing a diversified rental profile that appeals to a broad tenant base.
The property is fully occupied with a total annual gross income of $86,160.00, delivering immediate and stable cash flow. Each unit is individually metered for gas and electric, helping to minimize owner expenses and simplify utility management. All tenants are month-to-month allowing for new ownership flexibility.
With its desirable unit mix, consistent occupancy, and this property presents an attractive opportunity for both seasoned investors and those looking to expand their multifamily portfolio in a strong rental market at Downtown Prescott.
The property is fully occupied with a total annual gross income of $86,160.00, delivering immediate and stable cash flow. Each unit is individually metered for gas and electric, helping to minimize owner expenses and simplify utility management. All tenants are month-to-month allowing for new ownership flexibility.
With its desirable unit mix, consistent occupancy, and this property presents an attractive opportunity for both seasoned investors and those looking to expand their multifamily portfolio in a strong rental market at Downtown Prescott.
Property Facts
| Price Per Unit | $199,800 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| No. Units | 5 | Building Size | 3,198 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 1 |
| Apartment Style | Garden | Year Built | 1930 |
| Zoning | BG - Business General | ||
| Price Per Unit | $199,800 |
| Sale Type | Investment |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 3,198 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1930 |
| Zoning | BG - Business General |
Amenities
Unit Amenities
- Air Conditioning
- Microwave
- Heating
- Refrigerator
- Tub/Shower
Site Amenities
- 24 Hour Access
- Tenant Controlled HVAC
- Recycling
- Trash Pickup - Curbside
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 3 | $1,560 | - |
| 1+1 | 2 | $1,280 | - |
Property Taxes
| Parcel Number | 113-12-100 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $68,150 |
Property Taxes
Parcel Number
113-12-100
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$68,150
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