575 Campbell St Prescott, AZ 86301
- Commercial real estate
- 8,460 SF
- 0.60 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 575 Campbell St
- Year built
- 1981
- Lot size
- 0.60 lot acres
- Property size
- 8,460 SF
- Property type
- Commercial real estate
- APN
- 113-03-028B / 113-03-028B / 113-02-028A
Description
This exceptional investment opportunity presents a 12-unit multifamily property located at 575 Campbell St, Prescott, AZ 86301, in Yavapai County. The property consists of three one-story buildings totaling 8,460 square feet on a 0.6-acre lot, built in 1981 and renovated in 2022. The complex comprises three fourplexes, featuring eleven 2-bedroom, 1-bathroom units and one 1-bedroom, 1-bathroom unit. Ample parking is available with 20 spaces provided for residents. The property is zoned MF-M and offers a current Net Operating Income (NOI) of $128,604, resulting in a 5.86% capitalization rate. A pro-forma NOI of $162,036 is projected, yielding a 7.38% pro-forma cap rate, reflecting potential for increased profitability through market rent adjustments. The asking price is $2,195,000, translating to $182,917 per unit and $259.46 per square foot. This prime Prescott location is minutes from the downtown area, benefiting from a robust rental market. The property's strong cash flow and potential for appreciation make it an attractive investment opportunity. The APN is 113-03-028B / 113-03-028B / 113-02-028A. There is no ground lease.
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
- Prescott
- County
- Yavapai
- State
- Arizona
- Longitude
- -112.473155
- Latitude
- 34.5512509
