Here we have a great deal for Prescott. It's not very often that a apartment at this price comes around in Prescott. Even in Prescott Valley, you'd have a hard time finding a duplex for this price. This is a fourplex that in super close to downtown, shopping, parks. This is a foreclosure, but is in very good condition. If you do the math, this apartment has a 11.5% CAP before debt servicing. If you include debt payment with a 25% down payment and a 5% interest, the payment is approx $531. The would give you a net cap rate of almost 8%, which is great for a Prescott apartment. As for the details, it is 2771sqft built in 1996 on 0.21 acres. Each apartment is 2 bedrooms and 1 bath and rent for $550/month
If this is a apartment that your interested in, please give me a call, I would enjoy helping you increase your real estate portfolio.
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