Multi Unit Income Property in the heart of Prescott! The Landings stands as a beacon of investment opportunity. This multi-unit income property, boasting 16 meticulously designed apartments, invites discerning investors to indulge in the breathtaking panorama of majestic mountains that adorn the horizon. 15 Units are 2 bedroom 2 bathroom and one unit is a 1 bedroom 1 bathroom. Electricity is on individual meters for each unit. The consistently high occupancy rates underscore the desirability of this investment gem. All units are live-on-one level, have updated paint & flooring and full kitchens. Shared coin laundry room for additional income potential annually. Plenty of concrete parking for tenants and their guests. Separate storage closets at end of building too!
Property Details
Property Features
Property Information:
Year Built: 1980
Listing Office:
Office Name: Realty Executives AZ Territory
Office Phone: (928) 443-7412
Interior Features
Interior Information:
Appliances: Electric Water Heater
Flooring Type: Carpet, Laminate
Lot Features
Lot Information:
Lot Size: 0.48 Acres
Utilities
Utilities Information:
Heating: Baseboard, Electric
Other
Directions Information:
Directions: Highway 89 S East to Sheldon St, R on Montezuma St, Straight on Whipple St, L on Miller Valley Rd, R on Whipple L on Sunset Ave to Sign on L.
Price Information
Listing Price Info
Price Summary:
List Price: $3,150,000
Tax Information:
Annual Amount: $4,659
Tax Year: 2022
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Prescott, AZ.
This property is $2.5M more than the Median Sold Price in Prescott, AZ.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: PrescottAZ
MLS Number: #1060688
Listing Office:
Office Name: Realty Executives AZ Territory
Office Phone: (928) 443-7412
The data relating to real estate for sale on this web site comes in part from the IDX Program of the Prescott Area Association Of Realtors, Inc. Listings on this page identified as belonging to another listing firm are based upon data obtained from the PAAR MLS, which data is copyrighted by the Prescott Area Association of REALTORS® but is not warranted. Information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Listing(s) information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Copyright 2024 Prescott Area Association Of Realtors, Inc. All rights reserved. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 12/18/2024, 2:16:13 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Jul 01, 2002
Jul 01, 2002Home Sold
$605,000
Jun 06, 2000
Jun 06, 2000Home Sold
$625,000
Dec 27, 1988
Dec 27, 1988Home Sold
$398,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2022
$4,659
$121,621
2021
$4,608
$121,257
2020
$4,444
$110,786
2019
$4,445
$103,999
2018
$4,240
$101,515
2017
$4,267
$70,210
History based on county public records data.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$15.7K
Per Month
Principal & Interest
$15.7K
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$9,510
Powered By
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
5
/10
Lincoln Elementary School
201 Park Ave
Distance between this listing and this school1.16 miles
Public District Grades KG-4
5
/10
Taylor Hicks Elementary School
1845 Campbell Ave
Distance between this listing and this school1.31 miles
Public District Grades KG-4
8
/10
Abia Judd Elementary School
1749 N Williamson Valley Rd
Distance between this listing and this school1.31 miles
Public District Grades KG-4
Nearby Schools
5
/10
Mile High Middle School
300 S Granite St
Distance between this listing and this school1.48 miles
Public District Grades 7-8
5
/10
Franklin Phonetic Primary School
6116 E Highway 69
Distance between this listing and this school7.39 miles
Public Charter Grades KG-8
4
/10
Glassford Hill Middle School
6901 Panther Path
Distance between this listing and this school8.42 miles
Public District Grades 7-8
Nearby Schools
6
/10
Prescott High School
1050 Ruth St
Distance between this listing and this school0.60 miles
Public District Grades 9-12
4
/10
Northpoint Expeditionary Learning Academy
551 1st St
Distance between this listing and this school0.80 miles
Public Charter Grades 7-12
10
/10
Basis Prescott
1901 Prescott Lakes Pkwy
Distance between this listing and this school3.83 miles
The neighbors living near this home have an average income of $38,935. The majority of Prescott, AZ residents have income between $35k-100k annually. The majority of families are single, no kids. Residents of this area typically have post secondary degree education.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 849 Sunset Ave in Prescott, AZ and zip code 86305. This home, which was built in 1980, sits on a 0.48 acre lot. It has been listed on Rocket Homes since December 06, 2024 and is currently priced at $3,150,000.
In November 2024 more than 2 listings in Prescott, AZ were sold above the asking price. During the same period more than 11 listings were sold at asking price, while more than 24 were sold below. In November 2024 in Prescott, AZ there were 2.6% less homes for sale than in October 2024. Listings spent 102 days on the market in November 2024, and had a median list price of $638,974 during the same period.
From Rocket Homes Real Estate and based on county public records data.
Figure Skating
Figure Skating
PGA/LPGA
Pro Boxing
Chico's
Family Dollar
Burlington
Bob Evans
Church's Chicken
Cracker Barrel
Oldsmobile
Cadillac
Buick
News
Jazz
Soft Adult Contemporary