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28751182
28751184

1490 W Gurley St, Prescott, AZ 86303 For Sale

TS
AZ br100015000, BR100015000
Arizona Commercial Real Estate
DR
SA567345000
Arizona Commercial Real Estate
Listed by Arizona Commercial Real Estate
$759,000
824 days on market
Updated 6 days ago

1490 W Gurley

Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 1,902
Units 3
Cap Rate 6.50%
NOI $49,096
Class A
Year Built 1983
Year Renovated 2023
Stories 2
Lot Size (SqFt) 6,318
Zoning Business General
Parking Spaces 3 spaces
Parking per 1,000 SqFt 1.58

Completely renovated multi tenant building

Marketing description

Fully remodeled and thoughtfully designed, this 1,902 sq. ft. three-unit property offers a rare blend of modern style and proven income potential in desirable Prescott. The sprinklered building has been extensively updated and is currently configured and fully serviced for short-term to medium-term rentals, making it an ideal opportunity for investors seeking immediate cash flow.
Each (1/1) unit features stylish contemporary finishes, updated interiors, and comfortable living spaces designed to appeal to today's travelers and extended-stay guests. The property has an established rental history and is set up for seamless operation, offering a turnkey solution for those looking to capitalize on Prescott's strong tourism and relocation market. Whether expanding a portfolio or entering the thriving furnished-rental market, this modernized triplex combines flexibility, safety, and income stability in one of Northern Arizona's most sought-after destinations.

Investment highlights

  • 1.5 miles from the Court House Square
  • All 3 Bedroom, 1 Bath Fully Furnished Units
  • Fire Sprinklers just installed
  • 1,902 SF building
  • 4 units
  • Built in 1983
  • Zoned BG
  • Strategic location in the Prescott area

Listing Contacts

TS
AZ br100015000, BR100015000
Arizona Commercial Real Estate
DR
SA567345000
Arizona Commercial Real Estate
Listed by Arizona Commercial Real Estate

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$
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$49,096.00
$4,091.33/mo

Valuation Metrics

0
DSCR
6.47%
Cap Rate
6.47%
ROI

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Additional Information

Name
Tom Semancik
License
br100015000
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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