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Listed by Delex Realty
$ 3,286,000
Est. payment /mo
Active
320 S Cortez ST Prescott, AZ 86303
0.34 Acres Lot
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Subdivision Prescott Original Township
MLS Listing ID 1082558
HOA Y/N false
Year Built 1942
Annual Tax Amount $2,950
Tax Year 2025
Lot Size 0.340 Acres
Acres 0.34
Source paar
Property Description
Prime investment opportunity in the heart of Downtown Prescott. The Pillars, located at 320 S. Cortez Street, is a historic 17-unit multifamily property featuring 7 studio and 10 one-bedroom apartments in a highly desirable, walkable location near Courthouse Square, shopping, dining, entertainment and local events.The approximately 10,000 SF brick-and-concrete building sits on 0.34 acres and offers historic architectural character, with select units featuring original hardwood flooring. Several units have been updated, providing additional opportunity to renovate remaining units and enhance rental income.Property amenities include on-site coin-operated laundry, gated lower-level access, and private parking. Some units offer city and mountain views. The desirable unit mix established rental history and prime downtown location make this a compelling opportunity for investors seeking a well-positioned multifamily asset with value-add potential.17 Units | 7 Studios | 10 One-Bedrooms | Approx. 10,000 SF | 0.34 AcresFor additional information or to schedule a private showing, contact Michael Aldridge at 602-762-4830.This exceptional opportunity won't last long. Historical significance of the Pillars is outlined in the More... section. Title is being held open see private remarks.
Location
State AZ
County Yavapai
Interior
Heating Baseboard, Electric
Cooling Ceiling Fan(s)
Flooring Laminate, Tile, Vinyl, Wood
Exterior
Exterior Feature Laundry Facilities
Utilities Available Cable Available, Electricity Available, Natural Gas Available, Phone Available
Roof Type Asphalt
Street Surface Alley Paved,Asphalt,Paved
Road Frontage City Street
Building
Structure Type Brick
Others
Acceptable Financing 1031 Exchange, Cash, Conventional
Listing Terms 1031 Exchange, Cash, Conventional
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