3360 Gateway BlvdPrescott, AZ 86303

Property Details for 3360 Gateway Blvd

Year built

2001

Lot size

16.98 AC

Property size (Sq ft)

163,096 SF

Property type

Retail properties

Property subtype

Community centers

APN

103-20-600P

APU

10320600P

Description

This exceptional Prescott, Arizona multifamily investment presents a fully permitted and zoned 144-unit apartment complex ready for immediate development. Located at 3360 Gateway Blvd, Prescott, AZ 86303 (APN 103-20-600Q), this Class A property encompasses 74,668 square feet across two four-story buildings on a 205,881 square foot lot. The unit mix includes 32 studios, 64 one-bedroom, and 48 two-bedroom apartments, catering to diverse tenant needs. Amenities are designed for resident appeal and include 216 parking spaces, a 16' x 30' swimming pool, a spa, two ramadas, and a clubhouse. All necessary plans, permits, and engineering are in place, making this a nearly shovel-ready project. Priced at $5,100,000 ($68.30/sq ft and $35,416.67/unit), this represents a compelling opportunity in a thriving market. Detailed due diligence documents are available upon request and execution of a non-disclosure agreement. The property is zoned BR.

• CAP approach

  CAP return

  Valuation

  6%

  $38,435,316

  6.5%

  $35,478,756

  7%

  $32,944,558

• Comparable approach

  Method

  Valuation

  Relative Method

  $63,355,944

  Geo Method

  $63,355,944

• Alternative Use

  Use

  Valuation

  Residential

  $29,927,656

  Hospitality

  $27,413,572

  Educational

  $22,807,770

  Medical

  $23,592,164

  Retail

  $35,478,756

Location Insight

City

Prescott

County

Yavapai

State

Arizona

Latitude

34.5507

Longitude

-112.409

CBSA code

39150

CBSA name

PRESCOTT VALLEY-PRESCOTT, AZ METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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