500 Copper Basin Road Prescott, AZ 86303
Situated amidst the vibrant shops and dining establishments along SR-89 and in Downtown Prescott, this delightful rental property is ideally positioned just a few blocks from the Prescott Courthouse. Previously known as the Pine View Motel, the new ownership has undertaken significant renovations, transforming it into a profitable venture. Spanning a total of 4, 686 SF, this accommodation features 15 units, comprising 2 suites and 13 studio rooms. These rooms are available for rental periods of 6 or 12 months and currently have a waiting list, resulting in little to no vacancies at the property. Additional revenue is generated from the laundry facilities and late payment fees. The estimated annual Net Operating Income (NOI) for this property stands at $167, 083.72, projected 7.95 CAP.
- Property TypeCommercial
- NeighborhoodN/A
- CountyYavapai
- Taxes$3,876
- HOA/Condo/Coop Fees$0
- Days on Site0 Days
- MLS StatusActive
- MLS ID Number1066818
- Home Size Source N/A
- Year Built1962
- Lot Size0.45 Acres
- Full Baths15
- Partial BathsN/A
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General Features
- Parking On- Site
- Parking Spaces 20
- Sewer Public Sewer
- Number of Stories 2
- Acreage 0.45
- Water Public
- Zoning BG
- Utilities Natural Gas AvailableUnderground Utilities
Interior Features
- Cooling Room A/ C
- Heating Natural Gas
- Flooring Vinyl
- Interior BathroomCeiling Fan(s)Fire/Smoke Detector
- Fireplace No
Exterior Features
- Spa No
- Exterior LandscapedPaved Parking