Great Investment in Downtown Prescott.Total of 17 Units. 16 Unit Apartments 7 Studios and 9-1 Bedroom Units, along with Offices & Lobby. Coin-Op Laundry Facility & Storage. Most all of the units have been upgraded with many units have original hardwood flooring. Lower Level has security gate with access from alley. Property is being sold ''AS IS''.
East Prescott Constitutes one of the oldest and best preserved collections of American architecture styles built in Arizona. EB Gage, a capitalist who made a fortune in the mines in AZ, built this large residence in Prescott in 1895. He sold it to his partner in 1901, FM Murphy. Together Gage/Murphy were among the most powerful businessmen in AZ at that time. A legacy so powerful that the property is still referred to as the Gage/Murphy Mansion. Elements of grandeur and wealth are evident throughout the 9 apartments. Although the interior has some cosmetic wear, the foundation of the home is sound. The many options for uses available combined with grandfather zoning and the location make this a must see property.
REMARKABLE PRESTIGIOUS PROPERTY IN THE HEART OF PRESCOTT. ENJOY THE PEACE, SERENITY, AND VIEWS. FANTASTIC RENTAL HISTORY. WALK TO DOWNTOWN WITHIN MINUTES. TENANTS INDIVIDUAL ELECTRICAL METERS. UNIQUE AND DESIRABLE PROPERTY. GORGEEOUS ORIGNINAL WOOD FLOORING. THIS PROPERTYY IS ZONED FOR RESIDENTIAL AND OR RESIDENTIAL AND SMALL IN HOME BUSINESS.
Excellent rental history. Front paver patios for each unit. Parking for six cars. Easy yard maintenance. Two storage units. New paint, appliances and flooring in the last 5 years. Each unit is separately metered for gas and electric. Owner pays water/trash/sewer. Excellent location for college students, downtown entertainment and shopping.