500 Copper Basin Road, Prescott AZ 86303

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$1,649,000

500 Copper Basin Road, Prescott, AZ 86303

bedrooms

bathrooms

square feet

4,686

Acreage

0.45

Open Houses

year built

1962

Full Baths

Half Baths

Find out more

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.

Location
Subdivision	-
County	Yavapai
Elementary School	-
Middle School	-
High School	-

Driving directions

Open houses

None scheduled.

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MLS number: 1066818

Listing agent: Abigail Chartier #SA710066000

Listing broker: Prescott Commercial Real Estate (480) 309-1089

Copyright © 2025 Prescott Area Association of Realtors®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. [source]

Last update: Wednesday, January 15 2025 at 2:31 a.m. EST

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