Why we are asking $197K

Because this is a unique property ~ in that it is a manufactured home, used for income & is two units that can easily be opened back up into one unit, we have compared it to other multiple dwellings, to single family manufactured homes and multiple dwelling lots/land for sale in Prescott. The tenants that are in both sides are on month to month leases, are very happy & want to stay. The lady in the apartment moved to Prescott a few months ago & is 'in love' with her place. The 'guys' in the main portion of this home have rented from us for over 3 years and in all honesty are the best tenants we have ever had. There is not drug or alcohol problem, are employed full time & the house is always neat & clean enough to put me to shame! We have compiled figures from the local MLS for manufactured homes, multi-family & vacant land zoned multi-family. .

3 % Courtesy To Brokers The home we have for sale is a 1999 - 2128 sq. ft. 5 bedroom 3 bath on a 50 X 150 (.17 acre/7500 sf) lot zoned multi-family. It has the potential for a 3rd unit on the vacant portion. We considered building a garage with an apartment upstairs Compare our manufactured home with those listed on Prescott MLS As of 5/2/06 $62,000 Bedrooms:  2 Baths:  2 Acreage:  0  Apx. SqFt:  1248    Year Built:  1982 $109,900 Bedrooms:  3 Baths:  1 Acreage:  .09  Apx. SqFt:  636            Year Built:  1967 $114,900 Bedrooms:  1 Baths:  1 Acreage:  Apx. SqFt:  584 Year Built:  1995 $124,900 Bedrooms:  2 Baths:  2 Acreage:  0  Apx. SqFt:  992 Year Built:  1989 $135,000 Bedrooms:  2 Baths:  2 Acreage:  .05  Apx. SqFt:  992 Year Built:  1990 $147,000 Bedrooms:  2 Baths:  1 Acreage:  0  Apx. SqFt:  1158 Year Built:  1990 $149,900 Bedrooms:  2 Baths:  2 Acreage:  .33  Apx. SqFt:  720   Year Built:  1978   $154,900 Bedrooms:  2 Baths:  1 Acreage:  .08  Apx. SqFt:  1000 Year Built:  1994   $166,500 Bedrooms:  3 Baths:  2 Acreage:  .08  Apx. SqFt:  1139 Year Built:  1992 $174,900 Bedrooms:  3 Baths:  2 Acreage:  0  Apx. SqFt:  1476 Year Built:  1983 $175,000 Bedrooms:  2 Baths:  2 Acreage:  .14  Apx. SqFt:  1232             Year Built:  1985 $175,000 Bedrooms:  2 Baths:  1 Acreage:  0  Apx. SqFt:  1472           Year Built:  1981             $184,500 Bedrooms:  3 Baths:  1 Acreage:  .83  Apx. SqFt:  1312 Year Built:  1974 $196,000 Bedrooms:  3 Baths:  1 Acreage:  .08  Apx. SqFt:  1423 Year Built:  1989 $198,000 Bedrooms:  3 Baths:  2 Acreage:  0  Apx. SqFt:  1440 Year Built:  1983 $199,900 Bedrooms:  3 Baths:  2 Acreage:  0  Apx. SqFt:  1646 Year Built:  1989  $199,500 Bedrooms:  2 Baths:  2 Acreage:  .08  Apx. SqFt:  1286 Year Built:  1997 $200,000 Bedrooms:  3 Baths:  1 Acreage:  0  Apx. SqFt:  1417               Year Built:  1995 $219,900 Bedrooms:  2 Baths:  2 Acreage:  .22  Apx. SqFt:  1226 Year Built:  2004 $225,000 Bedrooms:  3 Baths:  2 Acreage:  .3  Apx. SqFt:  1680 Year Built:  1991 $235,000 Bedrooms:  3 Baths:  1 Acreage:  .14  Apx. SqFt:  1800 Year Built:  1991 $240,000  Bedrooms:  3 Baths:  2 Acreage:  .16  Apx. SqFt:  1493  Year Built:  2006 $240,000 Bedrooms:  2 Baths:  2 Acreage: .18  Apx. SqFt:  1226    Year Built:  2006 $242,900 Bedrooms:  3 Baths:  2 Acreage:  .18  Apx. SqFt:  1280 Year Built:  2006 $244,900 Bedrooms:  3 Baths:  2 Acreage:  .18  Apx. SqFt:  1493 Year Built:  2006 $246,300 Bedrooms:  3 Baths:  2 Acreage:  .18  Apx. SqFt:  1493 Year Built:  2006 $248,000 Bedrooms:  3 Baths:  2 Acreage:  .18  Apx. SqFt:  1386 Year Built:  2006 $248,900 Bedrooms:  3 Baths:  2 Acreage:  .16  Apx. SqFt:  1493            Year Built:  2006  $248,900 Bedrooms:  3 Baths:  2 Acreage:  .16  Apx. SqFt:  1493 Year Built:  2006  $249,300 Bedrooms:  2 Baths:  2 Acreage:  .17  Apx. SqFt:  1440 Year Built:  2006 $249,900 Bedrooms:  4 Baths:  2 Acreage:  .25  Apx. SqFt:  1766 Year Built:  1997   $254,900 Bedrooms:  3 Baths:  2 Acreage:  .18  Apx. SqFt:  1493 Year Built:  2006  $255,900 Bedrooms:  3 Baths:  2 Acreage:  .18  Apx. SqFt:  1493 Year Built:  2006  $259,500 Bedrooms:  3 Baths:  2 Acreage:  .18  Apx. SqFt:  1536 Year Built:  2006 $256,000 Bedrooms:  3 Baths:  2 Acreage:  .17  Apx. SqFt:  1493 Year Built:  2006 $258,500 Bedrooms:  3 Baths:  2 Acreage:  .18  Apx. SqFt:  1536 Year Built:  2006 $259,500 Bedrooms:  3 Baths:  2 Acreage:  .18  Apx. SqFt:  1536   Year Built:  2006 $260,000 Bedrooms:  3 Baths:  2 Acreage:  .17  Apx. SqFt:  1493 Year Built:  2006 $261,000 Bedrooms:  3 Baths:  2 Acreage:  .16  Apx. SqFt:  1600         Year Built:  2006 $263,500 Bedrooms:  3 Baths:  2 Acreage:  .17  Apx. SqFt:  1536 Year Built:  2006 $265,500 Bedrooms:  3 Baths:  2 Acreage:  .18  Apx. SqFt:  1600 Year Built:  2006 $267,400 Bedrooms:  3 Baths:  2 Acreage:  .18  Apx. SqFt:  1702 Year Built:  2006 $270,400 Bedrooms:  3 Baths:  2 Acreage:  .16  Apx. SqFt:  1702 Year Built:  2006 $294,400 Bedrooms:  3 Baths:  2 Acreage:  .18  Apx. SqFt:  1937 Year Built:  2006 $300,000 Bedrooms:  2 Baths:  2 Acreage:  4.17  Apx. SqFt:  895 Year Built:  1995   $359,000 Bedrooms:  3 Baths:  2 Acreage:  .91  Apx. SqFt:  1851 Year Built:  1996 $359,900 Bedrooms:  3 Baths:  2 Acreage:  2.81  Apx. SqFt:  2115 Year Built:  2000 $395,000 Bedrooms:  3 Baths:  2 Acreage:  .85  Apx. Sq Ft:  2353 Year Built:  1995 COMPARE! Our rental property is 2 units built in 1999 in great condition total 2158 SF  on .17 Acres (7500 sf lot) both units rented Multi-Family dwellings under $400K Listed in Prescott MLS 5/3/06  $149,900 Acreage:  .14 Year Built:  1940      Apx. SqFt:  1000  $219,000 Acreage:  .19 Year Built:  1934 Apx. SqFt:  774  $249,900 Acreage:  .17 Year Built:  1982    Apx. SqFt:  1216  $350,000 Acreage:  .68 Year Built:  1978     Apx. SqFt:  980  $385,500 Acreage:  .19 Year Built:  1971 Apx. SqFt:  2718 $385,500 Acreage:  .19 Year Built:  1971 Apx. SqFt:  2718  $399,900 Acreage:  .17 Year Built:  1990 Apx. SqFt:  2784  $399,900 Acreage:  0 Year Built:  1979 Apx. SqFt:  1500 *Thus the average asking cost per sq. ft. for a multi-family income property on an average sized lot in Prescott MLS is $211/sq ft Vacant Lots & Land Zoned Multi-family Listed in MLS as of 3/04/06 Price Range $165,000 -> $3,250,000 Lot Size Range .169 Acres -> 10.1 Acres av cost bare land $2.24/sq ft   Price Lot size * $165,000 50 X 150 plus  7500 sq ft * $195,000 49 X 150  7,350 sq ft * $199,900 177 X 210  37,170 sq ft * $225,000 91 X 225 plus  20,475 * $235,000 85 X 209  17,765 sq ft * $565,000 .7 Acres (4 lots) 30,492 * $675,000 .5 Acres (approx.) 21,780 * $2,000,000 6.35 Acres 2,771,775 * $3,250,000 10.1 Acres  439,956 Averages $834,433 372,696 sq ft Building costs are well over $100/sf. You can do the math on this one!