1130 Gurley StPrescott, AZ 86301

This exceptional Prescott, Arizona investment opportunity presents the Apache Lodge, a 29-unit multifamily property with significant upside potential. Boasting a prime location on E Gurley St, between Gurley and Sheldon Streets, this property benefits from high traffic volume and visibility. Originally built in 1957 and extensively renovated in 2021, the 10,155 square foot building comprises 29 residential units (available for 6 or 12-month leases), one retail/office space, and two pads suitable for food trucks or RV parking. The property currently enjoys a 95% occupancy rate, generating a Net Operating Income (NOI) of $261,039, representing an 8.03% capitalization rate. Pro-forma NOI is projected at $331,938, indicating a 10.22% pro-forma cap rate. The asking price is $3,249,000, or $112,034.48 per unit, and $319.94 per square foot. The property sits on a ground lease and is zoned for general business use. With 25 parking spaces and a two-story building, this is a turnkey investment perfect for a 1031 exchange. The property's strong performance and prime location make it an attractive investment in the thriving Prescott market.