Courtesy of: Nick Malouff, Commercial Advisors of Prescott, nickmalouff@gmail.com
Courtesy of: Nick Malouff, Commercial Advisors of Prescott, nickmalouff@gmail.com
$3,750,000
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Lot: 0.64 Acres
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Other
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$3,750,000
214 N Arizona Avenue Fully leased 12 unit + office multifamily portfolio in Downtown Prescott. Three parcels totaling approximately 0.64 acres with +/-11, 600 SF of improvements, 100% leased to a licensed treatment operator under a modified NNN lease structure.Current rent of $20, 000/month increases 4% upon renewal, producing $249, 600 in annual income post-renewal. Tenant reimburses operating expenses and pays property taxes directly, providing stable, low-management cash flow.Zoned MF-M with long-term flexibility for continued multifamily use or redevelopment. Rare, stabilized investment opportunity in a supply-constrained downtown submarket.Offered at $3, 750, 000 (~6.66% cap on post-renewal income).
Courtesy of: Nick Malouff, Commercial Advisors of Prescott, nickmalouff@gmail.com
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