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    1409 Paar Drive

    Prescott, AZ 86305
    • $850,000
    • STATUS: Active
    • ON SITE: 29 days
    • ID#: 1035774
    UPDATED: 59 min ago
    $850,000
    • 0
      BEDS
    • 0.55
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,627
      SQFT
    • $324
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1940
    County:
    Area:

    School Ratings & Info

    Description

    Miller Creek Cove is unique multi-family property comprised of 4 free- standing, single-family homes along with two spaces for RV hookup. This ''village like'' setting is ideally suited for VRBO operation but can also run as a long-term stay multi-family complex or a personal residence. The property is situated on 1.29 acres, zoned SF-9 and offers street frontage and access along Paar Dr. which is only a few blocks from the Fry's grocery store on Miller Valley Rd and 5 minutes from downtown Prescott. These 4 ''cottages'' are nestled against majestic granite boulders and features a seasonal, treelined creek called Miller Creek that runs through the property. All 4 homes overlook both Miller Creek and a large open field of wild green grass. This vacant property is located on the other CLICKMiller Creek Cove is unique multi-family property comprised of 4 free- standing, single-family homes along with two spaces for RV hookup. This "village like" setting is ideally suited for VRBO operation but can also run as a long-term stay multi-family complex or a personal residence. The property is situated on 1.29 acres, zoned SF-9 and offers street frontage and access along Paar Dr. which is only a few blocks from the Fry's grocery store on Miller Valley Rd and 5 minutes from downtown Prescott. These 4 "cottages" are nestled against majestic granite boulders and features a seasonal, treelined creek called Miller Creek that runs through the property. All 4 homes overlook both Miller Creek and a large open field of wild green grass. This vacant property is located on the other side of the creek and could be developed into additional units in the future. Each home has been remodeled and offers a distinct and individualized personality in both form and function. Two of these homes were originally constructed in 1928, the 3rd in 1952 and the newest in 1995. All have undergone various renovations, upgrades, and modernization in the recent past. All 4 homes include a full kitchen with refrigerator, microwave, cooktop, a kitchen sink. Heating, washers & dryers are electric. Each home ranges in size from approx. 554 sf to 916 sf. Three homes include 1 bedroom 1 bath and one home is a 2-bedroom 1 bath. All utilities are internet and cable TV are included with the rent. The property was recently purchased by an investor who has completed remolded the 2-bedroom home and plans on placing all 4 homes on VRBO. This turnkey property is being offered For Sale at $850,000 which is $212,000/unit and a 8.6% proforma in Cap Rate.

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    © 2021 Prescott Area Association of Realtors, Inc. All rights reserved. IDX 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Iannelli & Associates Real Estate. Data last updated: 2021-03-06T10:51:27.727.
    www.shellywatne.com/homes/113914512
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    1409 Paar Drive Prescott, AZ 86305

    • Price: $850,000
    • Status: Active
    • Updated: 59 min ago
    • ID#: 1035774
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.55
    Acres
    2,627
    SQFT
    $324
    $/SQFT
    1940
    Built
    Neighborhood:
    Lincoln Park Tract
    County:
    Yavapai
    Area:
    Prescott
    Property Description
    Miller Creek Cove is unique multi-family property comprised of 4 free- standing, single-family homes along with two spaces for RV hookup. This ''village like'' setting is ideally suited for VRBO operation but can also run as a long-term stay multi-family complex or a personal residence. The property is situated on 1.29 acres, zoned SF-9 and offers street frontage and access along Paar Dr. which is only a few blocks from the Fry's grocery store on Miller Valley Rd and 5 minutes from downtown Prescott. These 4 ''cottages'' are nestled against majestic granite boulders and features a seasonal, treelined creek called Miller Creek that runs through the property. All 4 homes overlook both Miller Creek and a large open field of wild green grass. This vacant property is located on the other CLICKMiller Creek Cove is unique multi-family property comprised of 4 free- standing, single-family homes along with two spaces for RV hookup. This "village like" setting is ideally suited for VRBO operation but can also run as a long-term stay multi-family complex or a personal residence. The property is situated on 1.29 acres, zoned SF-9 and offers street frontage and access along Paar Dr. which is only a few blocks from the Fry's grocery store on Miller Valley Rd and 5 minutes from downtown Prescott. These 4 "cottages" are nestled against majestic granite boulders and features a seasonal, treelined creek called Miller Creek that runs through the property. All 4 homes overlook both Miller Creek and a large open field of wild green grass. This vacant property is located on the other side of the creek and could be developed into additional units in the future. Each home has been remodeled and offers a distinct and individualized personality in both form and function. Two of these homes were originally constructed in 1928, the 3rd in 1952 and the newest in 1995. All have undergone various renovations, upgrades, and modernization in the recent past. All 4 homes include a full kitchen with refrigerator, microwave, cooktop, a kitchen sink. Heating, washers & dryers are electric. Each home ranges in size from approx. 554 sf to 916 sf. Three homes include 1 bedroom 1 bath and one home is a 2-bedroom 1 bath. All utilities are internet and cable TV are included with the rent. The property was recently purchased by an investor who has completed remolded the 2-bedroom home and plans on placing all 4 homes on VRBO. This turnkey property is being offered For Sale at $850,000 which is $212,000/unit and a 8.6% proforma in Cap Rate.
    Exterior Features

    Construction Frame - WoodStucco External Amenities FenceLaundry FacilitiesOther - See RemarksPatio/Deck/Balcony Lot Size 24067 Roof Asphalt Shingle Unit1 Parking Off Street Unit2 Parking Off Street Unit3 Parking Off Street Unit4 Parking Off Street

    Interior Features

    Cooling Ceiling Fan(S)Central Refriger Flooring CarpetConcreteVinylWood Heating Forced - GasNatural GasPropaneWall UnitWood/Gas Stove Unit1 Baths 1.00 Unit1 Bedrooms 2 Unit1 Info Ceiling Fan(S)Fire/Smoke DetectorsFireplaceLaundry RoomRange/OvenRefrigeratorStorage RoomW/D Connection Unit1 Sq Ft 776 Unit2 Baths 1.00 Unit2 Bedrooms 1 Unit2 Info Ceiling Fan(S)DishwasherRange/OvenRefrigeratorW/D Connection Unit2 Sq Ft 578 Unit3 Baths 1.00 Unit3 Bedrooms 1 Unit3 Info Ceiling Fan(S)DishwasherDisposalFire/Smoke DetectorsMicrowaveRange/OvenRefrigerator Unit3 Sq Ft 554 Unit4 Baths 1.00 Unit4 Bedrooms 1 Unit4 Info Ceiling Fan(S)DishwasherDisposalFire/Smoke DetectorsPorch/PatioRange/OvenRefrigeratorW/D Connection Unit4 Sq Ft 916 Water Heater Natural GasPropane

    Property Features

    Building Type Other - See RemarksResidential+ Buildings 4 Hoa YN No Listing Exclusions No Lot Number 9 Management Owner More Than5 Units No Neighborhood N/A Owner Pays SewerWater Records Available None Rent Lease Yes Reo Or Short Sale Not Applicable Road Access And Maintenance Access-CityAccess-PavedMaint-City Source Of Measurement County Assessor Tax Year 2020 Taxes 1884.00 Terms And Conditions CashConventional Unit1 Rent 1540.00 Unit1 Tenant Utilities All Unit1 Unit ID 1409 1/2 Unit2 Rent 1387.00 Unit2 Tenant Utilities All Unit2 Unit ID A Unit3 Furniture Unit3 Rent 1487.00 Unit3 Tenant Utilities All Unit3 Unit ID B Unit4 Rent 1550.00 Unit4 Tenant Utilities All Unit4 Unit ID C Utilities Installed 220Cable TvElectricityNatural GasTelephoneWater - CityWwt - City Sewer Zoning Sf9

    Listing information © 2021 Prescott Area Association of Realtors, Inc.
    Listing provided courtesy of Raymond G. Zogob of Better Homes And Gardens Real Estate Bloomtree Realty.


    © 2021 Prescott Area Association of Realtors, Inc. All rights reserved. IDX 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Iannelli & Associates Real Estate. Data last updated: 2021-03-06T10:51:27.727.
     
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    Iannelli & Associates Real Estate
    11672 E Manzanita Trail
    Dewey AZ, 86327