Renovated Three-Bedroom Residential Income
For Sale
$589,900
1716 Alpine Meadows Ln #2107, Prescott, AZ 86303
Fully furnished, single-level condo with updated finishes, attached garage, and direct access to a screened patio.
Property Size1,684 SF
Price / SF$350.30
Days on Market19
Property Features for 1716 Alpine Meadows Ln #2107
General Information
Standard status
Active
Size
1,684 SF
Total Parking Spaces
2
Property subtype
Multi-Family
Additional Details
Furnished
Yes
Multifamily Units
1
Amenities
screened in patio
Building Details
Year Built
2003
Listing Agency:
West Usa Realty
(602) 832-7005
Listed By:
The Carin Nguyen Real Estate Network
(602) 832-7005
Source:
Azhomesold
Added: Aug 11
Changed: Aug 28
Last Checked: Aug 26 at 12:30PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of West Usa Realty
Investment Insights
Based on property information with market context.
This 1,684-square-foot, single-level condo offers three bedrooms, two bathrooms, and an attached two-car garage. The residence has undergone a comprehensive renovation that includes a new furnace, air conditioner, water heater, and garage doors. Interior improvements include engineered wood flooring, updated lighting and ceiling fans, a quartz kitchen countertop, and a Kohler sink and faucet. French doors open to a screened-in patio, while the property is offered fully furnished with furniture from Copenhagen, Thuma, and Ashley, along with wall art from a Prescott artist.
The condo is situated in the Alpine Meadows community within gated Hassayampa and fronts the Capital Canyon Golf Course. Built in 2003, it combines a one-level layout with updated building systems, finished interiors, and furnished accommodations.
The condo is situated in the Alpine Meadows community within gated Hassayampa and fronts the Capital Canyon Golf Course. Built in 2003, it combines a one-level layout with updated building systems, finished interiors, and furnished accommodations.
Key Highlights
- 1,684‑square‑foot condo with three bedrooms and two bathrooms
- Attached two‑car garage and single‑level layout
- Renovated with new furnace, air conditioner, water heater, and garage doors
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$17,950
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.04%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$359,000
$359.0K
Cap Rate 7%
$256,429
$256.4K
Cap Rate 9%
$199,444
$199.4K
Market Conditions
NOI Build-Up for 1,684 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$34.4K $20.40/SF
− Vacancy
−$1.7K −$1.02/SF
EGI
$32.6K $19.38/SF
− OpEx
−$14.7K −$8.72/SF
NOI
$17.9K $10.66/SF
Area
Yavapai County, AZ
Vacancy
5.00%
Lease Rate
$20.40 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$359,000
Cap Rate 7%
$256,429
Cap Rate 9%
$199,444
Alternative Uses
Best Use
Apartment 5plus
$256.4K
$224.4K – $299.2K
NOI $17,950 @ 7.0% cap · market cap 3.04%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$564.1K
$493.6K – $658.2K
NOI $39,489 @ 7.0% cap · market cap 6.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
183
Businesses Nearby
Explore this area
Business Placement
Demographics for 86303, AZ
18,201
Population
12,255
Households
1.5
Avg Household Size
61
Median Age
41%
College-Educated
96%
High-School Grad
107.2 sq mi
ZIP Area
170
Density / Sq Mi
$68,656
Median Household Income
$44,428
Median Earnings
$1,309
Median Rent
$502,400
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Fully furnished, single-level condo with updated finishes, attached garage, and direct access to a screened patio.
Where is this residential income property located?
The property is located at 1716 Alpine Meadows Ln #2107 Prescott, AZ.
What is the asking price?
The asking price for this property is $589,900.
What are key features of this property?
This property features: 1,684‑square‑foot condo with three bedrooms and two bathrooms; Attached two‑car garage and single‑level layout; Renovated with new furnace, air conditioner, water heater, and garage doors
