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Downtown Prescott MF Portfolio 1 Health Care Properties Offered at $3,750,000 in Prescott, AZ
Executive Summary
Fully leased multifamily portfolio in Downtown Prescott consisting of three contiguous parcels totaling approximately 0.64 acres and ±11,600 SF of improvements. The property is 100% leased to a licensed treatment operator under a modified NNN lease structure.
Current rent is $20,800 per month ($249,600 annually) following the exercised 4% renewal increase. Tenant reimburses operating expenses and pays property taxes directly, providing stable, low-management income. Offered at $3,750,000, reflecting a 6.66% cap rate on contractual income.
Zoned MF-M with long-term flexibility for continued multifamily use or potential redevelopment. Rare stabilized investment opportunity in Prescott’s supply-constrained downtown submarket.
Do not disturb tenant. Financials and lease available upon request with executed NDA.
Current rent is $20,800 per month ($249,600 annually) following the exercised 4% renewal increase. Tenant reimburses operating expenses and pays property taxes directly, providing stable, low-management income. Offered at $3,750,000, reflecting a 6.66% cap rate on contractual income.
Zoned MF-M with long-term flexibility for continued multifamily use or potential redevelopment. Rare stabilized investment opportunity in Prescott’s supply-constrained downtown submarket.
Do not disturb tenant. Financials and lease available upon request with executed NDA.
Property Facts
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 214 N Arizona Ave, Prescott, AZ 86301 | Health Care | 10,013 SF | 1979 | - |
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Downtown Prescott MF Portfolio
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