1130 Gurley StPrescott, AZ 86301

Property Details for 1130 Gurley St

Year built

1963

Construction

CONCRETE

Lot size

0.92 AC

Property size (Sq ft)

9,003 SF

Property type

Hospitality properties

Property subtype

Motels

APN

114-06-100F

APU

11406100F

Description

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.

• 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

Property Tax & Assessments

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