3360 Gtwy Blvd Prescott, AZ 86303-6964
This exceptional Prescott, Arizona multifamily investment presents a fully permitted and zoned 144-unit apartment complex ready for immediate development. Located at 3360 Gateway Blvd, Prescott, AZ 86303 (APN 103-20-600Q), this Class A property encompasses 74,668 square feet across two four-story buildings on a 205,881 square foot lot. The unit mix includes 32 studios, 64 one-bedroom, and 48 two-bedroom apartments, catering to diverse tenant needs. Amenities are designed for resident appeal and include 216 parking spaces, a 16' x 30' swimming pool, a spa, two ramadas, and a clubhouse. All necessary plans, permits, and engineering are in place, making this a nearly shovel-ready project. Priced at $5,100,000 ($68.30/sq ft and $35,416.67/unit), this represents a compelling opportunity in a thriving market. Detailed due diligence documents are available upon request and execution of a non-disclosure agreement. The property is zoned BR.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2022Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.