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215 E Willis St
Prescott, AZ 86301
Multifamily Property For Sale
·
8 Units
Executive Summary
An outstanding opportunity for a vacation rental business or long-term leases is now available for sale in Downtown Prescott, within walking distance of Courthouse Square. This building currently operates with 5 long-term lease units and 3 vacation units (hosted on Airbnb), with no limitations for a new buyer to convert all units to vacation rentals or long-term rentals, dependent on Buyer's management preference. A major renovation in 2020 included: all-new electrical, upgraded HVAC systems, new central hot water, and a full interior upgrade. Vacation units are fully furnished, functional, and turnkey-ready to continue operating. Each unit is individually metered. On-site coin-operated laundry facilities add convenience for guests and tenants.
Property Facts Under Contract
| Price Per Unit | $168,750 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.11 AC |
| Cap Rate | 6.82% | Building Size | 5,687 SF |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1905/2020 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | MF-M - Multi-Family Medium Density https://www.codepublishing.com/AZ/Prescott/#!/PrescottLDC/PrescottLDC04.html%234 | ||
| Price Per Unit | $168,750 |
| Sale Type | Investment |
| Cap Rate | 6.82% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 5,687 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1905/2020 |
| Opportunity Zone |
Yes |
| Zoning | MF-M - Multi-Family Medium Density https://www.codepublishing.com/AZ/Prescott/#!/PrescottLDC/PrescottLDC04.html%234 |
Amenities
Site Amenities
- Vintage Building
- Walk-Up
Property Taxes
| Parcel Number | 113-16-066 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $156,313 |
Property Taxes
Parcel Number
113-16-066
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$156,313
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