309 S Montezuma Street, Prescott, AZ 86303
$3,400,000
Property Type:
Multiple Dwellings
Bedrooms:
21
Baths:
20
Status:
Active
Current Price:
$3,400,000
Last Modified:
10/08/2026
Overview
Description
Listing Details MLS# 7090790
Location, Tax & Legal
- House Number
- 309
- Compass
- S
- Street Name
- Montezuma
- St Suffix
- Street
- City/Town Code
- Prescott
- State/Province
- AZ
- Zip Code
- 86303
- Country
- US
- County Code
- Yavapai
- Assessor Number
- 109-03-015
- Tax Year
- 2026
- Assessor's Map #
- 3
- Assessor's Parcel #
- 15
- Add'l Parcels
- No
- Tax Municipality
- Prescott
- Taxes
- 3982
- Legal
- LOTS 6 8 BLOCK 26 PRESCOTT BOOK 4 PAGE 22
- Marketing Name
- The Aspens on Montezuma
Contract Info
- Ownership
- Fee Simple
General Property Description
- Lot Size Dimensions
- 15565
- Year Built
- 1905
- Uncvrd Parking Spcs
- 20
- Total # of Units
- 20
- # of Buildings
- 2
- Zoning
- NA
Legal Info
- Lot Number
- 6
Efficiency Units
- # Efficiency Units
- 16
- Avg Rent
- 1246
- Avg SqFt
- 290
- # Baths
- Yes
More Information
1 Bedroom Units
- # 1 Bedroom Units
- 3
- Avg Rent
- 1609
- Avg SqFt
- 517
- # Baths
- Yes
2 Bedroom Units
- # 2 Bedroom Units
- Yes
- Avg Rent
- 1925
- Avg SqFt
- 1200
- # Baths
- Yes
Structure
- Bedrooms Total
- 21
- Bathrooms Total
- 20
Income Expenses
- Gross Annual Sch Inc
- 358787
- Net Operating Income
- 244029
Showing Notification Methods
- Showing Service
- No Showing Service Used
Project Type
- 13 - 24 Units
- Yes
3 Bedrooms Units
- Avg Rent
- 0
4 Bedrooms Units
- Avg Rent
- 0
Construction
- Wood Frame
- Yes
Const - Finish
- Stucco
- Yes
Roofing
- Composition
- Yes
Floors
- Tile
- Yes
- Vinyl
- Yes
Sale Includes
- Land & Building
- Yes
Income & Expenses
- Annual Elec Exp
- 18412
- Annual Ins Exp
- 5154
- Annual Landscape Exp
- 16420
- Annual Legal & Acctg
- 4000
- Annual Maint Exp
- 22224
- Annual Mgmt Exp
- 15175
- Owner Association
- No
- Annual Ownr Asoc Fee
- 0
- Annual Rplcmnt Rsrvs
- 5000
- Annual Other Expense
- 2500
- Operating Exp
- 92867
- Other Income
- 0
- Vacancy Allowance
- 0.05
- Adjusted Gross Inc
- 340847.65
Pmt & Rate Info
- Cap Rate
- 7.18
- Equity
- 3400000
- Down Payment %
- 0
- Monthly Payments
- 0
- Total Owed
- 0
Lockbox Type
- None
- Yes
Community Features
- No Pool
- Yes
Heating
- Electric
- Yes
Cooling
- Electric
- Yes
Tenant Pays
- Electricity
- Yes
Appliances Included
- Built-In Gas Oven
- Yes
- Refrigerator
- Yes
Road Surface Type
- Asphalt
- Yes
Source of Fincl Data
- Owner
- Yes
- Projected Proforma
- Yes
Water Source
- Master Meter
- Yes
Sewer
- Sewer - Public
- Yes
Parking Features
- 1 Space/Unit
- Yes
Electric
- APS
- Yes
Gas
- Unisource
- Yes
Owner Pays
- Water
- Yes
- Sewer
- Yes
- Gas
- Yes
New Financing
- Cash
- Yes
- Conventional
- Yes
- 1031 Exchange
- Yes
Reports/Disclosures
- None
- Yes
Environmental
- None
- Yes
Property Features
Project Type:
13 - 24 Units
Construction:
Wood Frame
Const - Finish:
Stucco
Roofing:
Composition
Floors:
Tile; Vinyl
Sale Includes:
Land & Building
Community Features:
No Pool
Appliances Included:
Built-In Gas Oven; Refrigerator
Cooling:
Electric
Water Source:
Master Meter
Sewer:
Sewer - Public
Electric:
APS
Gas:
Unisource
Parking Features:
1 Space/Unit
Road Surface Type:
Asphalt
Owner Pays:
Water; Gas
Tenant Pays:
Electricity
Source of Fincl Data:
Owner; Projected Proforma
Lockbox Type:
None
New Financing:
Cash; Conventional; 1031 Exchange
Environmental:
None
Listing Office:
Marcus & Millichap
Office Phone: 602-687-6700
Office Email: rsarbinoff@marcusmillichap.com
Last Updated: October - 08 - 2026
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