610 S Granite Street

    Prescott, AZ 86303
    • $3,300,000
    • STATUS: Active
    • MLS #: 5908241
    UPDATED: 190 min ago
    $3,300,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1987
    County:
    Area:

    School Ratings & Info

    School District:

    Description

    Creekside consists of 30 large 1 bedroom / 1 bath units, with several of the unitshaving private backyards right on Aspen Creek. There is plenty of parking forresidents, with the community sitting on a large 1.01 acre parcel of land. Allunits are individually metered for electricity and have individual air-conditioningunits. The property has been well maintained and a new roof was recentlyinstalled. The property has been owned and managed by an out-of-state ownerand as a result, operations have suffered from a vacancy standpoint as well aswith regard to other management efficiencies. There is a ton of opportunity toadd value through management improvement, as well as through interiorupgrades. This is a phenomenal value-add opportunity in a submarket wheremultifamily off

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    © 2019 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than The Property Partners at eXp Realty. Data last updated 2019-09-20T00:11:15.273.
    www.propertypartnersaz.com/homes/93488370

    610 S Granite Street Prescott, AZ 86303

    • Price: $3,300,000
    • Status: Active
    • Updated: 190 min ago
    • MLS #: 5908241
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1987
    Built
    Neighborhood:
    Prescott
    County:
    Yavapai
    Area:
    Prescott
    School District:
    000 - Out of Area
    Property Description
    Creekside consists of 30 large 1 bedroom / 1 bath units, with several of the unitshaving private backyards right on Aspen Creek. There is plenty of parking forresidents, with the community sitting on a large 1.01 acre parcel of land. Allunits are individually metered for electricity and have individual air-conditioningunits. The property has been well maintained and a new roof was recentlyinstalled. The property has been owned and managed by an out-of-state ownerand as a result, operations have suffered from a vacancy standpoint as well aswith regard to other management efficiencies. There is a ton of opportunity toadd value through management improvement, as well as through interiorupgrades. This is a phenomenal value-add opportunity in a submarket wheremultifamily off
    Exterior Features

    Construction Frame - Wood Construction Finish PaintedSiding Covered Parking Spaces 0.00 Exterior Amenities Other (See Remarks) Lot Size Dimensions 431X102 Parking FreePaved Parking>1 Space Per Unit Roads Asphalt/Blacktop Roofing Comp Shingle Total Parking Spaces 30.00

    Interior Features

    1 Bedroom Unit Avg Sq Ft 562 1 Bedroom Unit Baths 1 2 Bedroom Unit Avg Sq Ft 0 2 Bedroom Units Baths 0 3 Bedroom Unit Avg Sq Ft 0 3 Bedroom Unit Baths 0 4 Bedroom Unit Avg Sq Ft 0 4 Bedroom Unit Baths 0 Appliances Included Bi Oven/RangeRefrigeratorDishwasherOther (See Remarks) Cooling Other (See Remarks)Electric RefrigeratdIndividual Efficiency Unit Avg Sq Ft 0 Efficiency Unit Baths 0 Floors CarpetOther (See Remarks)Vinyl/Composition Heating ElectricIndividualOther (See Remarks) Interior Amenities Other (See Remarks)

    Property Features

    1 Bedroom Unit Avg Rent 820.00 1 Bedroom Units 30 2 Bedroom Unit Avg Rent 0.00 2 Bedroom Units 0 3 Bedroom Unit Avg Rent 0.00 3 Bedroom Units 0 4 Bedroom Unit Avg Rent 0.00 4 Bedroom Units 0 Adjusted Gross Inc 307414.29 Annual Elec Exp 0.00 Annual Gas Exp 0.00 Annual Ins Exp 0.00 Annual Land Lse Exp 0.00 Annual Landscape Exp 0.00 Annual Legal And Acctg 0.00 Annual Maint Exp 0.00 Annual Mgmt Exp 0.00 Annual Other Expense 73384.00 Annual Ownr Asoc Fee 0.00 Annual Pad Fee 0.00 Annual Rplcmnt Rsrvs 0.00 Annual Trash Exp 0.00 Annual Wtr Swr Exp 0.00 Community Amenities No PoolOther (See Remarks) Cross Street Hwy 89 & Creekside Efficiency Unit Avg Rent 0.00 Efficiency Units 0 Electric Other (See Remarks) Gas Other (See Remarks) Gross Annual Sch Inc 315000.00 Hoa YN No Net Operating Income 193262.00 New Financing Conventional1031 ExchangeOther (See Remarks) Operating Exp 80077.00 Other Income 15553.00 Owner Pays WaterSewerTrashLandscapingOther (See Remarks) Project Type 25 - 50 Units Sale Includes Land & Building Sewer Sewer - Public Source Of Financial Data Provided By OwnerProjected Proforma Tax Municipality Prescott Taxes 6693.00 Tenant Pays Electric Vacancy Allowance 0.07 Water City Franchise Zoning Br

    Listing courtesy of Abi Multifamily.


    © 2019 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than The Property Partners at eXp Realty. Data last updated 2019-09-20T00:11:15.273.
     
    The Property Partners at eXp Realty
    7454 E Broadway Blvd
    Tucson AZ, 85710