849 Sunset Ave Prescott, AZ 86305
- Commercial real estate
- 13,288 SF
- 0.48 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 849 Sunset Ave
- Year built
- 1980
- Lot size
- 0.48 lot acres
- Property size
- 13,288 SF
- Property type
- Commercial real estate
- APN
- 111-11-136B
Description
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.
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
- -112.4844096
- Latitude
- 34.5561332
