334 N Mount Vernon Ave. #A-D, Prescott, AZ 86301

Fabulous downtown location for multi-family investment property, this property features a completely renovated/remodeled front home that is absolutely stunning that would make for a perfect full time residence, rental or excellent VRBO! Front house is 2 bed 1 bath that was remodeled in 2016 including brand new kitchen, new functional floor plan, updated wiring, virtually brand new and gorgeous! Kitchen boasts granite counters, stainless steel appliances, pendant lighting and all new cabinetry! 2 spacious bedrooms and completely remodeled bathroom with raised height solid surface vanity and added laundry room make this the quintessential downtown cottage. 2 story rear apartment building is approximately 865 sq. feet on each level, has strong tenant/rental history, Unit B has 1 CONTINUE... bedroom plus office or potential additional bedroom and unit C features 2 bedrooms plus den/office, both units have 1 bath. Efficiency suite D is approximately 553 sq. feet and features a quint kitchen, 1 bed, 1 bath & living area. Gross rent for the property is estimated on Unit A leasing for $1300/month (could be higher, especially if VRBO is estimated), gross rents for the year is $37,500 at current lease rates including projection for Unit A. Estimated NOI at approximately $28,530 which translates to a 6.4% CAP.