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320 S Cortez St

Prescott AZ 86303

8143 sq. ft.
14810 sq. ft.
Multi-Family
Currently for sale - view listing

Overview

Prime investment opportunity in the heart of Downtown Prescott. The Pillars, located at 320 S. Cortez Street, is a historic 17-unit multifamily property featuring 7 studio and 10 one-bedroom apartments in a highly desirable, walkable location near Courthouse Square, shopping, dining, entertainment and local events.The approximately 10,000 SF brick-and-concrete building sits on 0.34 acres and offers historic architectural character, with select units featuring original hardwood flooring. Several units have been updated, providing additional opportunity to renovate remaining units and enhance rental income.Property amenities include on-site coin-operated laundry, gated lower-level access, and private parking. Some units offer city and mountain views. The desirable unit mix established rental history and prime downtown location make this a compelling opportunity for investors seeking a well-positioned multifamily asset with value-add potential.17 Units | 7 Studios | 10 One-Bedrooms | Approx. 10,000 SF | 0.34 AcresFor additional information or to schedule a private showing, contact Michael Aldridge at 602-762-4830.This exceptional opportunity won't last long. Historical significance of the Pillars is outlined in the More... section. Title is being held open see private remarks.

Features

8143 sq. ft. floor area
14810 sq. ft. lot size
Multi-Family

Happy sellers in Prescott

72%
72% of sellers in Prescott reported that their sale price either exceeded or met their price expectations.

Prescott stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 23 reviews in Prescott over the last 12 months.

Local market activity for multi families in Prescott

In the last 12 months, 2 multi families similar to 320 S Cortez St, have been sold.

This represents a 84% increase in multi families sales when compared to the previous 12 months.

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