222 1 Ave Jerome, AZ 86331
- Residential income homes
- 4,155 SF
Current Use by Public Records
- Residential income homes
Property Details for 222 1 Ave
- Year built
- 1915
- Property size
- 4,155 SF
- Property type
- Residential income homes
Description
This exceptional investment opportunity presents a three-unit multifamily property nestled in the heart of Jerome, Arizona. Originally known as Lil's Bordello, this historic building boasts 4,155 square feet across three stories, built in 1915. The property is zoned C-1 AR and comprises three separate rental units, each offering expansive outdoor living spaces with breathtaking, unobstructed panoramic views. The upper two levels consist of two or three-bedroom, one-bathroom units, currently enjoying long-term tenants. The ground floor unit, a two-bedroom, one-bathroom apartment, operates as a highly successful Airbnb, boasting excellent reviews online. All units feature individual meters for utilities. This unique property offers a blend of historical charm and modern rental income potential, making it an attractive investment in a desirable Arizona location. The asking price is $958,000. Seller financing is available for two years at 3% interest with a substantial down payment; inquire for details.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Jerome
- County
- Yavapai
- State
- Arizona
- Longitude
- -112.115
- Latitude
- 34.7514
