Listed by Olson Capital Investments LLC
$3,500,000
Prescott Luxury Apartments
Details
Property Type Multifamily, Land
Sub Type Apartment Building
Net Rentable (SqFt) 78,000
Units 95
Pro-Forma Cap Rate 45.71%
Pro-Forma NOI $1,600,000
Class A
Year Built 2025
Stories 4
Acreage 2.5 - 3.5
Investment Type Redevelopment
Sale Condition For sale by owner
Multifamily | 95 Units | $36,842/unit
Marketing description
Fully zoned and approved multifamily land in high rent, land locked, Prescott AZ downtown market.
Area rents for new units are $2500.
Zoned for 100 units.
80 units designed and approved by the city.
$1.6m proforma NOI.
ARV Comps sold for $350,00 - $400,000 per unit.
Listing Contacts
Listed by Olson Capital Investments LLC
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