849 Sunset Ave, Prescott, AZ 86305

This exceptional 16-unit apartment building presents a compelling investment opportunity in the desirable Prescott, Arizona market. Located at 849 Sunset Ave, this two-story property, built in 1980, offers 13,288 square feet of living space situated on a 0.48-acre lot. The property boasts a strong financial performance, with a Net Operating Income (NOI) of $152,755 and a 4.63% capitalization rate. The asking price is $3,250,000. The building comprises fifteen 2-bedroom, 2-bathroom units and one 1-bedroom, 1-bathroom unit, all featuring updated paint and flooring, full kitchens, and convenient single-level living. Individual electricity meters for each unit optimize efficiency. Ample parking is available with 34 spaces, supplemented by separate storage closets. A shared coin-operated laundry room provides additional income potential. The property benefits from a prime location offering stunning city and mountain views, including Thumb Butte and Granite Mountain, and is close to essential amenities such as the hospital, restaurants, and shopping. The MF-M zoning allows for multifamily use. This property is a rare opportunity to acquire a well-maintained, high-performing multifamily asset in a thriving Arizona community. The APN is 111-11-136B.