204 S SUMMIT Avenue, Prescott, AZ 86303

$405,000
Property Type: Multiple Dwellings Status: Closed
Current Price: $405,000 Last Modified: 6/29/2026

Overview

Description

Great location near Prescott Courthouse. Multi-family unit with possibility of adding more units in the future. Unit #2 is 858 square feet and includes 1 bed, 1 bath, formal dining and living room. Unit #1 is 656 square feet and includes 1 bed, 1 bath and living room. Off street parking for both units with a shared yard. New roof shingles May 2025. Units have been updated and have a strong rental history. Acquire your next great investment property!! **Please also view the listing next door at 208 Summit online**

Listing Details MLS# 6830562

Location, Tax & Legal

House Number
204
Compass
S
Street Name
SUMMIT
St Suffix
Avenue
City/Town Code
Prescott
State/Province
AZ
Zip Code
86303
Zip4
3730
Country
US
County Code
Yavapai
Subdivision
FLEURYS ADDITION
Assessor Number
109-05-075
Tax Year
2024
Assessor's Map #
5
Legal Description (Abbrev)
FLEURY ADDN PT OF LOT 1 BLK 18 AP3; MURPHY 2ND SUB OUTLOT1 AP1
Assessor's Parcel #
75
Add'l Parcels
No
Tax Municipality
Prescott
Census Tract
1102
Taxes
1059
Legal
FLEURY ADDN PT OF LOT 1 BLK 18 AP3; MURPHY 2ND SUB OUTLOT1 AP1
Marketing Name
none

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
142x52x198x83
Year Built
1911
Total # of Units
2
# of Buildings
Yes
Zoning
MF
Elementary School District
Prescott Unified District
High School District
Prescott Unified District
Uncvrd Parking Spcs
0

Remarks Misc

Cross Street
MONTEZUMA & GOODWIN
Directions
From Montezuma, W on Goodwin to Summit, Turn R and property is 2nd on the left.

Status Change Info

Off Market Date
2025-07-01
Under Contract Date
2025-07-01
Close of Escrow Date
2025-08-15

Legal Info

Township
13
Range
2W
Section
4
Lot Number
Yes

More Information

Income Expenses

Gross Annual Sch Inc
25704
Net Operating Income
21848.4

Showing Notification Methods

Showing Service
No Showing Service Used

1 Bedroom Units

# 1 Bedroom Units
2
Avg Rent
1071
Avg SqFt
803
# Baths
Yes

Sold Info

Loan Type
Conventional
Loan Years
30
Payment Type
Fixed
Closing Cost Split
Seller Assist - A
Buyer Concession $/%
$
Seller Concession to Buyer
7000
Seller Concession $/%
$
Buyer Concession to Seller
0

Project Type

Duplex
Yes

Construction

Wood Frame
Yes
Other
Yes

Const - Finish

Painted
Yes
Siding
Yes

Roofing

Composition
Yes

Floors

Wood
Yes

Sale Includes

Other (See Remarks)
Yes

Income & Expenses

Owner Association
No
Annual Ownr Asoc Fee
0
Operating Exp
1059
Other Income
0
Vacancy Allowance
0.05
Adjusted Gross Inc
24418.8

Pmt & Rate Info

Cap Rate
5.27
Equity
414900
Down Payment %
0
Monthly Payments
0
Total Owed
0

Lockbox Type

None
Yes

Community Features

No Pool
Yes

Heating

Natural Gas
Yes

Cooling

Window/Wall Unit
Yes

Exterior Amenities

Fenced
Yes

Interior Features

Unfurnished
Yes

Tenant Pays

None
Yes

Appliances Included

Refrigerator
Yes
Free-Standing Range
Yes

Road Surface Type

Asphalt
Yes

Source of Fincl Data

Owner
Yes

Water Source

City Franchise
Yes

Sewer

Sewer - Public
Yes

Parking Features

Other
Yes

Electric

APS
Yes

Gas

Unisource
Yes

Owner Pays

Water
Yes
Sewer
Yes
Electric
Yes
Gas
Yes
Trash Collection
Yes

New Financing

Cash
Yes
Conventional
Yes
Owner May Carry
Yes

Existing 1st Loan

Treat as Free&Clear
Yes

Reports/Disclosures

Seller Prop Disc Stm
Yes

Environmental

None
Yes

Efficiency Units

Avg Rent
0

2 Bedroom Units

Avg Rent
0

3 Bedrooms Units

Avg Rent
0

4 Bedrooms Units

Avg Rent
0

Property Features

Project Type: Duplex Construction: Wood Frame; Other Const - Finish: Painted; Siding Roofing: Composition Floors: Wood Sale Includes: Other (See Remarks) Community Features: No Pool Exterior Amenities: Fenced Interior Features: Unfurnished Appliances Included: Free-Standing Range; Refrigerator Heating: Natural Gas Cooling: Window/Wall Unit Water Source: City Franchise Sewer: Sewer - Public Electric: APS Gas: Unisource Parking Features: Other Road Surface Type: Asphalt Owner Pays: Water; Electric; Gas; Trash Collection Tenant Pays: None Source of Fincl Data: Owner Lockbox Type: None Existing 1st Loan: Treat as Free&Clear New Financing: Cash; Conventional; Owner May Carry Environmental: None
IDX
Listing Office: CMA Realty
Last Updated: June - 29 - 2026
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