320 S Cortez Street
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.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.
Broker Details
DPR Realty, LLC (602) 318-0677
MLS ID: 34231 State License Number: SA571999000
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $3,286,000 |
| No. of Units: | 17 |
| Year Built: | 1942 |
| Opportunity Zone: | No |
| Price per unit: | $193,294 |
| Property Website | Click Here |
| Number of Bedrooms: | 17 |
| Number of Bathrooms: | 17 |
ID: 3yd-PAARAZ-1082558
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