Best Places Arizona Property
Property
Prescott, AZ 86303 500 Copper Basin Road
$1,649,000



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Presented By: Arizona Commercial
Home Details
Situated amidst the vibrant shops and dining establishments along Highway 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 square feet, 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 current NOI for this property stands at $138,889.73 representing a 8.42 CAP Rate.
Presented By: Arizona Commercial
Interior Features for 500 Copper Basin Road
Other Interior Features
FlooringLaminate, Tile
Total Stories2
General for 500 Copper Basin Road
Additional Parcels Y/NNo
Cap Rate8.42
CityPrescott
Construction MaterialsFrame
CoolingCeiling Fan(s)
CountyYavapai
DirectionsCorner northeast corner of White Spar and Copper Basin, right after Safeway.
ExclusionsNo
HOANo
HeatingNatural Gas
Lot Size Square Feet19602
OwnerPaysElectricity, Gas, Sewer, Trash Collection, Water
Property TypeResidential Income
RoofAsphalt
Standard StatusActive
Tax Annual Amount3876
Tax Year2023
UtilitiesMaster Meters, Natural Gas Available, Underground Utilities, WWT - City Sewer
Year Built1962
ZoningBG
Exterior for 500 Copper Basin Road
Building Area Total4686
Exterior AmenitiesLaundry Facilities, Balcony, Storage
Lot Size Acres0.45
Lot Size SourceOwner
Number of Buildings5
Road Frontage TypeCity Street
Road ResponsibilityCity Maintained Road
Road Surface TypeConcrete
Additional Details
Price History
