1130 E Gurley St - Apartments FOR SALE


Prescott, AZ 86301- Downtown Prescott
$3,249,000 USD
928-642-3032
1130 E Gurley St, Prescott, AZ for Sale
$3,249,000 USD
Apartments - FOR SALE
1/13
null | 8.04% Cap Rate

1130 E Gurley St
Prescott, AZ 86301
Downtown Prescott


OVERVIEW

The significance of LOCATION, INCOME, LOCATION cannot be overstated. This property boasts an exceptional location and high traffic volume in Prescott, Arizona, strategically situated between Gurley and Sheldon Street. Upon entering Prescott via State Route 69 or State Route 89, this charming historical property captures immediate attention. Known as the Apache Lodge, the new ownership has undertaken extensive renovations, transforming it into a profitable venture that generates income through long-term rentals, retail leasing, and available pad spaces. Spanning a total area of 10,155 square feet, this establishment features 29 residential units, 1 retail/office space, and 2 rental pad spaces designated for food trucks and RV parking. The residential units are available for 6 month extended stays. The current Net Operating Income (NOI) for this property stands at $261,038.08 representing a current capitalization rate of 8.04%. This is an excellent opportunity to invest in the Prescott Market with this profit producing piece.

FOR SALE DETAILS

PRICE

$3,249,000 USD

PRICE/SF

$320 USD /SF

# OF UNITS

29

PRICE/UNIT

$112,034

CAP RATE

8.04%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Apache Lodge

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1947

PARKING SPACES

25

LAND DETAILS

LAND ACRES

0.96 AC

LAND SF

41,818 SF

ZONING

BG

APN/PARCEL ID

114-06-100C,114-06-100F,114-06-101B

ASK ABOUT THIS PROPERTY

Abigail ChartierPrescott Commercial Real EstateMore Info
928-642-3032

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Abigail ChartierPrescott Commercial Real EstateMore Info
928-642-3032

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.