1923 TIMBER Point
About This Property
At approx. 5,200 feet in elevation, Prescott enjoys four distinct seasons, with summer evenings on the Square, fall color and occasional winter snow. Downtown dining, galleries and boutiques mingle with art festivals, concerts, the World's Oldest Rodeo and the beloved holiday Courthouse Lighting.
Offered at $896,000--approximately $243 per square foot--the price reflects needed updates, including upstairs and stair flooring and interior paint. Tremendous Value ready for your own personalized finishes.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Sep 23, 2026 | Price Decreased |
$896,000
↓ $102K
(10.2%) | |
| Price Decreased | |||
| Jul 24, 2026 | Price Decreased |
$998,000
↓ $37K
(3.6%) | |
| Price Decreased | |||
| May 31, 2026 | Listed by United Country-Arizona Country | $1,035,000 | |
| Listed by United Country-Arizona Country | |||
| Apr 13, 2012 | Sold | ||
| Sold | |||
| Jan 5, 2012 | Sold | ||
| Sold | |||
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017