This exceptional Prescott, Arizona investment property, known as the Apache Lodge, presents a unique opportunity to acquire a high-income generating multi-family complex. Strategically located on Gurley Street, between Gurley and Sheldon Street, this property enjoys high visibility and traffic volume, making it easily accessible from State Route 69 and State Route 89. The 10,155 square foot building sits on a 0.92-acre lot and has undergone extensive renovations, transforming it into a thriving business. The property currently boasts 29 residential units, all available for six-month extended stays, generating consistent rental income. Adding to its revenue streams, the complex includes one retail/office space currently leased, and two additional rental pads ideal for food trucks or RV parking. This well-maintained property offers a diverse income portfolio, combining residential, commercial, and additional pad rental opportunities. The property's prime location and established income streams make it an attractive investment for those seeking a strong return on investment in the thriving Prescott market. The asking price is $3,249,000. This is a rare chance to own a well-established, income-producing property in a desirable location.
Valuation by Paperhouses methods
Valuation date:
Dec 11, 2024
CAP approach
CAP return
Valuation
6%
$1,639,350
6.5%
$1,513,246
7%
$1,405,157
Comparable approach
Method
Valuation
Relative Method
$3,261,359
Geo Method
$3,261,359
Alternative Use
Use
Valuation
Residential
$1,652,025
Hospitality
$1,513,246
Educational
$1,259,003
Medical
$1,302,302
Retail
$1,958,449
Location Insight
City
Prescott
County
Yavapai
State
Arizona
Latitude
34.5442
Longitude
-112.455
CBSA code
39150
CBSA name
PRESCOTT VALLEY-PRESCOTT, AZ METROPOLITAN STATISTICAL AREA
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Disclaimer
The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.
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