Prescott View Apartments | 3161 Willow Creek Rd
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Prescott View Apartments 3161 Willow Creek Rd
72 Unit Apartment Building $27,990,330 CAD ($388,755 CAD/Unit) Prescott, AZ 86301
Investment Highlights
- 72 Total Units, Completed in 1988
- Extensively Renovated Exterior, Interiors, & Common Areas (~$2.15M or $30,000 per Unit in Capital Expenditures)
- Individually Metered for Electricity, Gas, & Individual Hot Water Heaters
- Mix of One (50%) & Two-Bedroom (50%) Unit Types (~615 & 821 SF Respectively)
- 96% of Units (69 of 72) Upgraded With New Appliance Packages, Flooring, & Hard Surface Quartz Countertops
- Offered All Cash / New Loan
Executive Summary
Prescott View Apartments is a 72-unit, garden-style apartment community located in Prescott, AZ. A multitude of neighborhood conveniences and services are located within walking, biking, or a short drive from the property which includes a newly constructed retail center adjacent to the parcel which features a Dutch Bros Coffee, CVS Pharmacy, Dairy Queen, and Desert Financial Credit Union. Furthermore, on the opposite side of Willow Creek Road, residents have access to Fry’s Food and Drug, Anytime Fitness, Wells Fargo Bank, and Method Coffee.
The property is ideally located in close proximity to a variety of both recreational activities and significant Prescott economic drivers. Willow Lake, a scenic 400-acre reservoir within a five-minute drive to the northeast of the property, provides access to a host of outdoor activities such as boating, fishing, kayaking, and hiking. Willow Lake Loop Trail, a 5.5-mile multi-use trail surrounds the lake and features signature views of the Granite Dells of Prescott. Additionally, the Embry-Riddle Aeronautical University is located within a five-minute drive to the northeast and offers over 25 degrees in both bachelor’s and master’s levels focusing on aeronautical science, business, and technology. Enrollment numbers in the Prescott campus reports over 3,000 students as of the fall 2024 semester, with students leveraging the nearby Prescott Regional Airport as a primary training facility.
Completed in 1988, the Prescott View Apartments is constructed of wood frame with pitched shingle roofing. The property features an attractive unit mix which consists of 36 one-bedroom / one-bathroom units and 36 two-bedroom / one bathroom units with a weighted average of 718 SF. Each unit is individually metered for electricity and gas and features individual hot water heaters along with an outdoor decked balcony with storage. Central heating is provided by gas to each apartment, along with the majority of units having window mounted air conditioner units. Unit interiors feature balcony / patio, fireplaces, ceiling fans, as well as fully equipped kitchens with refrigerator, oven / stove, and garbage disposal. 96% or 69 of 72 units have undergone extensive interior renovations and feature upgraded stainless steel appliance packages, updated flooring, and hard surface quartz countertops. The community also provides its residents with a dedicated leasing office, two dedicated electric vehicle charging parking spaces, fitness center, large enclosed dog park with gazebo, picnic area, and laundry facility consisting entirely of washer / dryer appliances under property ownership.
Significant employers in proximity to the property include the Prescott Regional Airport, Sturm Ruger Company, Embry-Riddle Aeronautical University, and Dignity Health Yavapai Regional Medical Center.
The property is ideally located in close proximity to a variety of both recreational activities and significant Prescott economic drivers. Willow Lake, a scenic 400-acre reservoir within a five-minute drive to the northeast of the property, provides access to a host of outdoor activities such as boating, fishing, kayaking, and hiking. Willow Lake Loop Trail, a 5.5-mile multi-use trail surrounds the lake and features signature views of the Granite Dells of Prescott. Additionally, the Embry-Riddle Aeronautical University is located within a five-minute drive to the northeast and offers over 25 degrees in both bachelor’s and master’s levels focusing on aeronautical science, business, and technology. Enrollment numbers in the Prescott campus reports over 3,000 students as of the fall 2024 semester, with students leveraging the nearby Prescott Regional Airport as a primary training facility.
Completed in 1988, the Prescott View Apartments is constructed of wood frame with pitched shingle roofing. The property features an attractive unit mix which consists of 36 one-bedroom / one-bathroom units and 36 two-bedroom / one bathroom units with a weighted average of 718 SF. Each unit is individually metered for electricity and gas and features individual hot water heaters along with an outdoor decked balcony with storage. Central heating is provided by gas to each apartment, along with the majority of units having window mounted air conditioner units. Unit interiors feature balcony / patio, fireplaces, ceiling fans, as well as fully equipped kitchens with refrigerator, oven / stove, and garbage disposal. 96% or 69 of 72 units have undergone extensive interior renovations and feature upgraded stainless steel appliance packages, updated flooring, and hard surface quartz countertops. The community also provides its residents with a dedicated leasing office, two dedicated electric vehicle charging parking spaces, fitness center, large enclosed dog park with gazebo, picnic area, and laundry facility consisting entirely of washer / dryer appliances under property ownership.
Significant employers in proximity to the property include the Prescott Regional Airport, Sturm Ruger Company, Embry-Riddle Aeronautical University, and Dignity Health Yavapai Regional Medical Center.
Financial Summary (Pro forma - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
---|---|---|
Gross Rental Income | - | - |
Other Income | - | - |
Vacancy Loss | - | - |
Effective Gross Income | $99,999 | $9.99 |
Taxes | - | - |
Operating Expenses | - | - |
Total Expenses | $99,999 | $9.99 |
Net Operating Income | $99,999 | $9.99 |
Financial Summary (Pro forma - 2025) Click Here to Access
Gross Rental Income (CAD) | |
---|---|
Annual | - |
Annual Per SF | - |
Other Income (CAD) | |
---|---|
Annual | - |
Annual Per SF | - |
Vacancy Loss (CAD) | |
---|---|
Annual | - |
Annual Per SF | - |
Effective Gross Income (CAD) | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Taxes (CAD) | |
---|---|
Annual | - |
Annual Per SF | - |
Operating Expenses (CAD) | |
---|---|
Annual | - |
Annual Per SF | - |
Total Expenses (CAD) | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Net Operating Income (CAD) | |
---|---|
Annual | $99,999 |
Annual Per SF | $9.99 |
Property Facts
Price | $27,990,330 CAD | Apartment Style | Low Rise |
Price Per Unit | $388,755 CAD | Building Class | B |
Sale Type | Investment | Lot Size | 3.47 AC |
No. Units | 72 | Building Size | 51,696 SF |
Property Type | Multifamily | No. Stories | 2 |
Property Subtype | Apartment | Year Built | 1988 |
Price | $27,990,330 CAD |
Price Per Unit | $388,755 CAD |
Sale Type | Investment |
No. Units | 72 |
Property Type | Multifamily |
Property Subtype | Apartment |
Apartment Style | Low Rise |
Building Class | B |
Lot Size | 3.47 AC |
Building Size | 51,696 SF |
No. Stories | 2 |
Year Built | 1988 |
Unit Amenities
- Balcony
- Cable Ready
- Dishwasher
- Fireplace
- Storage Space
- Heating
- Kitchen
- Refrigerator
- Range
- Tub/Shower
- Dining Room
- Patio
Site Amenities
- 24 Hour Access
- Controlled Access
- Clubhouse
- Laundry Facilities
- Gameroom
Unit Mix Information
Description | No. Units | Avg. Rent/Mo | SF |
---|---|---|---|
1+1 | 36 | - | 615 |
2+1 | 36 | - | 821 |
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PROPERTY TAXES
Parcel Number | 106-20-003G | Improvements Assessment | $0 CAD (2024) |
Land Assessment | $0 CAD (2024) | Total Assessment | $1,027,375 CAD (2024) |
PROPERTY TAXES
Parcel Number
106-20-003G
Land Assessment
$0 CAD (2024)
Improvements Assessment
$0 CAD (2024)
Total Assessment
$1,027,375 CAD (2024)
zoning
Zoning Code | MF-M |
MF-M |
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Prescott View Apartments | 3161 Willow Creek Rd
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