500 Copper Basin RoadPrescott, AZ 86303
Situated amidst the vibrant shops and dining establishments along Highway 89 and in Downtown Prescott, this delightful rental property is ideally positioned just a few blocks from the Prescott Courthouse. Previously known as the Pine View Motel, the new ownership has undertaken significant renovations, transforming it into a profitable venture.Spanning a total of 4,686 square feet, this accommodation features 15 units, comprising 2 suites and 13 studio rooms. These rooms are available for rental periods of 6 or 12 months and currently have a waiting list, resulting in little to no vacancies at the property. Additional revenue is generated from the laundry facilities and late payment fees. The current NOI for this property stands at $138,889.73 representing a 8.42 CAP Rate.
| a week ago | Listing updated with changes from the MLS® | |
| a week ago | Status changed to Active | |
| 8 months ago | Price changed to $1,649,000 | |
| 9 months ago | Listing first seen on site |
Listing courtesy of Abigail Chartier of Prescott Commercial Real Estate [email protected]
Based on information submitted to the PAAR MLS as of 2025-05-09 05:59 AM UTC. All data is obtained from various sources and may not have been verified by broker or PAAR MLS. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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