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Mansion by the Square 105 S Alarcon St 10 Unit Apartment Building $2,195,000 ($219,500/Unit) 7.08% Cap Rate Prescott, AZ 86303
EXECUTIVE SUMMARY
Property Description
Historic, fully remodeled, Furnished 10 unit apartment building. 1 block from the courthouse square. The original building was constructed in 1895 and totally remodeled as a 10 unit apartment building in 2021.
Location Description
Nestled in the heart of historic Prescott, AZ, the area surrounding the property is rich with a blend of Old West charm and modern conveniences. With its picturesque Courthouse Plaza, vibrant arts scene, and a myriad of dining and entertainment options, the location offers an inviting and energetic atmosphere for professionals and visitors alike. Positioned near notable landmarks such as Whiskey Row, the Sharlot Hall Museum, and Prescott National Forest, the area presents an appealing mix of culture and outdoor recreation. Prospective Office / Office Building investors will appreciate the area's dynamic blend of heritage and opportunity, making it a prime location for commercial investment.
Historic, fully remodeled, Furnished 10 unit apartment building. 1 block from the courthouse square. The original building was constructed in 1895 and totally remodeled as a 10 unit apartment building in 2021.
Location Description
Nestled in the heart of historic Prescott, AZ, the area surrounding the property is rich with a blend of Old West charm and modern conveniences. With its picturesque Courthouse Plaza, vibrant arts scene, and a myriad of dining and entertainment options, the location offers an inviting and energetic atmosphere for professionals and visitors alike. Positioned near notable landmarks such as Whiskey Row, the Sharlot Hall Museum, and Prescott National Forest, the area presents an appealing mix of culture and outdoor recreation. Prospective Office / Office Building investors will appreciate the area's dynamic blend of heritage and opportunity, making it a prime location for commercial investment.
PROPERTY FACTS
| Price | $2,195,000 | Apartment Style | Garden |
| Price Per Unit | $219,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.19 AC |
| Cap Rate | 7.08% | Building Size | 7,274 SF |
| No. Units | 10 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1895 |
| Property Subtype | Apartment | Parking Ratio | 1.37/1,000 SF |
| Zoning | Business General - City of Prescott Business General | ||
| Price | $2,195,000 |
| Price Per Unit | $219,500 |
| Sale Type | Investment |
| Cap Rate | 7.08% |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.19 AC |
| Building Size | 7,274 SF |
| No. Stories | 2 |
| Year Built | 1895 |
| Parking Ratio | 1.37/1,000 SF |
| Zoning | Business General - City of Prescott Business General |
AMENITIES
UNIT AMENITIES
- Fireplace
- Microwave
- Heating
- Ceiling Fans
- Crown Molding
- Kitchen
- Hardwood Floors
- High Speed Internet Access
- Refrigerator
- Oven
- Range
- Yard
- Smoke Free
- Window Coverings
SITE AMENITIES
- Fenced Lot
- Laundry Facilities
- Furnished Units Available
- Vintage Building
- Community-Wide WiFi
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 3 | - | 380 |
| 1+1 | 5 | - | 750 |
| 2+1 | 2 | - | 800 |
1 1
Walk Score®
Walker's Paradise (91)
PROPERTY TAXES
| Parcel Number | 109-01-052 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $199,025 |
PROPERTY TAXES
Parcel Number
109-01-052
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$199,025
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Mansion by the Square | 105 S Alarcon St
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