Investment of the Week(1/30/12)

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.

Jason Maneely, SFR              
Keller Williams Check Realty
The Stephanie Woods Team
928-925-6050
jpmaneely@kw.com