The property includes 4 seperate houses with plenty of parking in front and inside the property compound. The main house is a two bedroom, one bath home and the remaining three are one bedroom and one bath homes. It was remodels and painted to be an inviting home from the front of the property. Unit A includes an upstairs loft and is currently rented by an Emery Riddle student. The sewer line was completely replaced in 2021 and kitchen and floors remodelled. Unit B is an old Ice house and was a landing place for the Janis Joplen family, who owned the property in the past. Unit C is a remarkable quaint home tucked up against a majestic granite rock formation that can be enjoyed through the windows from the bedroom. This home has an inviting entry and kitchen with a bonus room off the main living area. Renamed Miller Creek Cove in 2020, three out of the four houses have been completely remodeled including kitchens, floors, windows and roofs. Unit B has been left to preserve the original appeal of the rock home. There are two storage sheds that are rented to tenants and a larger garage on the back of the main house that could be made into a laundry room or storage room. The property has a wonderful appeal and continues to bring solid year round rentals, but the real treasure is in the opportunity to turn the property into an AirBnB operation. These houses are turn-key and set up against the alluring granite rocks that wrap around the west side of the property. There is tons of parking and access to the 3 rear homes has a private feel. Additionally all new landscaping and privacy fencing were added to the front of the house and inside the compound, along with a small dog run on the property. Miller Creek meanders through the property and includes an additional parcel that can be developed for more rentals or divided back to a seperate lot for a home or duplex. This property has a huge upside for an AIRBNB short term business, giving vacationer's and visitors a real authentic experience in Prescott Living. This is a one of a kind opportunity to own 4 income producing homes only 5 minutes from downtown Prescott. Income generates approx. $6745.00 per month.
Off market
$1,083,900
1409 Paar Dr, Prescott, AZ 86305
6beds
2,627sqft
MultiFamily
Built in 1940
-- sqft lot
$1,083,900 Zestimate®
$413/sqft
$2,738 Estimated rent
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Forced air, Stove, Electric, Gas, Propane / Butane
Cooling
- Central
Appliances
- Included: Dishwasher, Microwave, Refrigerator
Features
- Flooring: Carpet, Concrete, Hardwood, Linoleum / Vinyl
- Has fireplace: Yes
Interior area
- Total interior livable area: 2,627 sqft
Property
Parking
- Total spaces: 15
- Parking features: Off-street
Lot
- Size: 1.29 Acres
Details
- Parcel number: 11109072E
Construction
Type & style
- Home type: MultiFamily
Materials
- Roof: Asphalt
Condition
- Year built: 1940
Community & neighborhood
Location
- Region: Prescott
Other
Other facts
- Cooling: Ceiling Fan(s), Central Refriger
- Construction: Frame - Wood, Stucco
- Flooring: Wood, Carpet, Vinyl, Concrete
- Heating: Forced - Gas, Natural Gas, Wall Unit, Wood/Gas Stove, Propane
- Road Acc/Maint: Access-Paved, Maint-City, Access-City
- Roof: Asphalt Shingle
- Terms and Conditons: 1031 Exchange, Cash, Conventional, Submit
- Utilities Installed: Electricity, Natural Gas, Telephone, Water - City, WWT - City Sewer, Cable TV, 220
- Water Heater: Natural Gas, Propane
- Unit 1 Info: Ceiling Fan(s), Range/Oven, Fire/Smoke Detectors, Refrigerator, W/D Connection, Storage Room, Fireplace, Laundry Room
- Unit 2 Info: Ceiling Fan(s), Dishwasher, Range/Oven, Refrigerator, W/D Connection
- Owner Pays: Sewer, Water
- Source of Measuremnt: County Assessor
- REO/Short Sale: Not Applicable
- Management: Owner
- External Amenities: Fence, Laundry Facilities, Patio/Deck/Balcony
- Unit 2 Parking: Off Street
- Unit 3 Info: Fire/Smoke Detectors, Range/Oven, Refrigerator, Ceiling Fan(s), Dishwasher, Microwave, Disposal
- Unit 3 Parking: Off Street
- Unit 4 Info: Ceiling Fan(s), Range/Oven, Refrigerator, Dishwasher, Disposal, Fire/Smoke Detectors, Porch/Patio, W/D Connection
- Unit 3: Furniture
- Unit 4 Parking: Off Street
- Building Type: Other - See Remarks, Residential+
- Unit 1 Parking: Off Street
Services availability
Get a cash offer in 3 minutes
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Estimated market value
$1,083,900
Get a cash offer in 3 minutes
Find out how much your home could sell for in as little as 3 minutes with a no-obligation cash offer.
Estimated market value
$1,083,900