Multi Family Prescott Valley, AZ

Some Questions about Multi Family Purchasing in Prescott Valley

Is Prescott Valley a good place to invest in a Multi Family dwelling? Yes, in regard to selling price, Prescott Valley has been increasing in price per square foot over the last 5 years.

Are condos and townhouses available for people looking for a second home? Yes, there are many condo units and apartments for sale and rent in Prescott Valley. Prescott Valley has historically been the more affordable option when comparing to Prescott.

What are the highest demand areas for multi-family housing in Prescott Valley? This is a difficult question. Investors may want to concentrate on the Units listed to the right. Units 2-20 are non-HOA areas in Prescott Valley which give builders a little more liberty when dealing with square footage restrictions. Some HOA areas allow for duplexes. However, check with the subdivision for what their CAP is on rental units before you purchase land. Some subdivisions like Granville, cap out at 5% for permitted rentals within their community.

What restrictions are there to building duplexes in Prescott Valley? Depending on where you would like to build check with either the HOA, or the City of Prescott Valley for permitting. Some areas in north Prescott Valley are prone to clay in the soil. Other communities allow for horses and livestock- some do not.

Is there a lot of crime in Prescott Valley? There are numerous websites for checking crime data in a community.

Do the larger tract-home subdivisions allow for multi-family construction? Some do. Universal Homes at Granville offers "duplex-style" townhouses for sale. Mandalay Homes in Pronghorn Ranch also offers a similar product. Quailwood has similar homes in Dewey as does The Viewpoint.

Which is the best town for investing? Prescott, Prescott Valley or Chino Valley? Good question! This depends on you and your portfolio. Prescott has always been the focal point for out-of-town investors due to the downtown lifestyle and "old-west" flavor. However, Chino Valley statistically has held the strongest market in regard to increasing home values over the years. Homes sell for less money typically in Chino Valley, but over time, Chino Valley rarely experiences dips in the market. Prescott Valley is more volatile due to variations in housing from street to street. However, Prescott Valley is likely to experience the largest increases in short periods of time.

I want to sell my multi-family unit in Prescott Valley, who is the best realtor to represent me? Call Matt White of course. You're sure to have the best service and personal commitment to selling your home or investment property.