130 S Penn Ave
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130 S Penn Ave
2 Unit Apartment Building Offered at £626,639 at a 5.50% Net Initial Yield in Prescott, AZ 86303
Executive Summary
PERFECT 1031 PRODUCT !!! FABULOUS DOWNTOWN VACATION RENTAL OPPORTUNITY!!! Two units the UPPER unit is approx 1500sf features 3 bedrooms and 2 baths, large great room, kitchen with all appliances and eating area plus large den/office, washer/dryer. The LOWER unit is approx 1500sf features 2 bedrooms and 2 baths, large great room, office or storage areas, kitchen with all appliances and eating area plus new washer/dryer. Each unit has its own private yard and patios. Completely repainted inside and outside in June '22, also new fencing front and back. Flooring recently updated. Each unit has private entrances. Parking for upper unit off street and lower unit on driveway. Property located just 6 blocks from the Courthouse Square and Whiskey Row. Units currently yield a 5.5% CAP.
Property Facts
| Price | £626,639 | Lot Size | 0.18 AC |
| Price Per Unit | £313,320 | Building Size | 3,000 SF |
| Sale Type | Investment | Number of Floors | 2 |
| Net Initial Yield | 5.50% | Year Built/Renovated | 1965/1990 |
| No. Units | 2 | Parking Ratio | 1.67/1,000 SF |
| Property Type | Residential |
| Price | £626,639 |
| Price Per Unit | £313,320 |
| Sale Type | Investment |
| Net Initial Yield | 5.50% |
| No. Units | 2 |
| Property Type | Residential |
| Lot Size | 0.18 AC |
| Building Size | 3,000 SF |
| Number of Floors | 2 |
| Year Built/Renovated | 1965/1990 |
| Parking Ratio | 1.67/1,000 SF |
Unit Amenities
- Air Conditioning
- Cable Ready
- Dishwasher
- Disposal
- Fireplace
- Microwave
- Washer/Dryer
- Heating
- Ceiling Fans
- Tile Floors
- Eat-in Kitchen
- Kitchen
- High Speed Internet Access
- Refrigerator
- Satellite TV
- Oven
- Tub/Shower
- Carpet
- Deck
- Den
- Dining Room
- Double Pane Windows
- Island Kitchen
- Lawn
- Linen Cupboard
- Mother-in-law Unit
- Office
- Patio
Site Amenities
- 24 Hour Access
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 2+2 | 1 | £1,410 | 1,500 |
| 3+2 | 1 | £1,723 | 1,500 |
Walk Score ®
Very Walkable (70)
zoning
| Zoning Code | MF-M (Multi Family) |
| MF-M (Multi Family) |
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130 S Penn Ave
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