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799 Sanctuary Rd

20 Unit Apartment Building $4,299,773 ($214,989/Unit) Prescott, AZ 86305

EXECUTIVE SUMMARY

Incredible investment opportunity, cul-de-sac location with low turnover. Fully rented 20 unit apartment complex for sale in Downtown Prescott! Great location close to Whiskey Row, shopping, restaurants and schools! This apartment complex includes 5, 3,584 sf buildings which house 4 apartments each, for a total of 20 units. Each apartment is 896 sf, with 2 bedrooms, 2 baths, fireplace, laundry room with w/d hookups, patio and one assigned parking spot each. RUBS utilized, tenants pay $40 a month toward water, sewer, trash. Electricity and gas are individually metered. For rental info per unit, please see attached documents. All 5 roofs have been replaced for approx $80,000. Rare opportunity, units are in great condition. Opportunity for Pro Forma rents!

PROPERTY FACTS

Price $4,299,773
Price Per Unit $214,989
Sale Type Investment
Sale Conditions
1031 Exchange
  • High Vacancy Property
No. Units 20
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 1.81 AC
Building Size 17,920 SF
Average Occupancy 100%
No. Stories 2
Year Built 1989
Parking Ratio 1.12/1,000 SF

UNIT AMENITIES

  • Air Conditioning
  • Balcony
  • Dishwasher
  • Fireplace
  • Washer/Dryer Hookup
  • Heating
  • Ceiling Fans
  • Kitchen
  • Range
  • Walk-In Closets
  • Deck

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
2+2 20 - 896

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
113-11-076H
Land Assessment
$98,529
Improvements Assessment
$2,395,664
Total Assessment
$2,494,193

ZONING

Zoning Code MF-M (Multi Family)
MF-M (Multi Family)
  • Listing ID: 35049634

  • Date on Market: 3/6/2025

  • Last Updated:

  • Address: 799 Sanctuary Rd, Prescott, AZ 86305

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