For Sale
$958,000

222 1 AveJerome, AZ 86331

Three-unit rental portfolio, stunning views.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a three-unit multifamily property nestled in the heart of Jerome, Arizona. Originally known as Lil's Bordello, this historic building boasts 4,155 square feet across three stories, built in 1915. The property is zoned C-1 AR and comprises three separate rental units, each offering expansive outdoor living spaces with breathtaking, unobstructed panoramic views. The upper two levels consist of two or three-bedroom, one-bathroom units, currently enjoying long-term tenants. The ground floor unit, a two-bedroom, one-bathroom apartment, operates as a highly successful Airbnb, boasting excellent reviews online. All units feature individual meters for utilities. This unique property offers a blend of historical charm and modern rental income potential, making it an attractive investment in a desirable Arizona location. The asking price is $958,000. Seller financing is available for two years at 3% interest with a substantial down payment; inquire for details.

Highlights

  • $958,000 asking price for this multifamily investment property.
  • Three-unit property located in Jerome, Arizona.
  • 4,155 square feet total, with each unit individually metered.
  • Three-story building constructed in 1915, zoned C-1 AR.
  • Property includes three separate units, two are long-term rentals, and one is a successful Airbnb.

Property Details for 222 1 Ave

Property type
Residential income homes
Square Feet
4,155 SF
Year Built
1915
Buildings
1
Stories
3
Units
3

Location Insight

City
Jerome
County
Yavapai
State
Arizona
Latitude
34.751385
Longitude
-112.114965
222 1 Ave, Jerome, Arizona

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222 1 Ave
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