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5 Unit Multifamily - Western | Garden 622 Western Ave 1650 Unit Apartment Building $999,000 ($605/Unit) Prescott, AZ 86305
Investment Highlights
- Five-unit multifamily property consisting of two 2BR/1BA units, two 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 two 2-bedroom/1-bath units, two 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.
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.
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 | $999,000 | Apartment Style | Garden |
| Price Per Unit | $605 | Building Class | C |
| Sale Type | Investment | Building Size | 3,198 SF |
| No. Units | 1650 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 1 |
| Property Subtype | Apartment | Year Built | 1930 |
| Zoning | BG - Business General | ||
| Price | $999,000 |
| Price Per Unit | $605 |
| Sale Type | Investment |
| No. Units | 1650 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| 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 | 823 | $1,560 | - |
| 1+1 | 827 | $1,280 | - |
1 1
Fairly walkable
50/100
Very drivable
80/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 113-12-100 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $68,576 |
Property Taxes
Parcel Number
113-12-100
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$68,576
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5 Unit Multifamily - Western | Garden | 622 Western Ave
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