105 S Alarcon St - Apartments FOR SALE


Prescott, AZ 86303- Downtown Prescott
$2,195,000 USD
928-710-2094
105 S Alarcon St, Prescott, AZ for Sale
$2,195,000 USD
Apartments - FOR SALE
1/23
null | 7.08% Cap Rate

105 S Alarcon St
Prescott, AZ 86303
Downtown Prescott


OVERVIEW

Mansion by the Square represents a distinguished vacation rental destination with significant investment potential. This historic property has undergone extensive capital improvements while preserving its rich local heritage, offering guests an authentic and memorable experience in a prime location. Strategically positioned in close proximity to Courthouse Square, the property provides guests with convenient access to an array of dining establishments, retail shops, and community events. The building comprises ten fully furnished units, including seven spacious suites and three well-appointed studios, catering to a diverse range of guest preferences and group sizes. The property's rental strategy demonstrates strong growth potential. Initial rates were deliberately set at competitive entry points to establish market presence and generate positive reviews across major vacation rental platforms. This approach has proven successful, with rental rates now experiencing steady upward momentum as the property's reputation continues to strengthen. With its combination of historical character, modern improvements, strategic location, and demonstrated revenue growth trajectory, Mansion by the Square presents an exceptional opportunity for investors seeking to enter or expand within the thriving vacation rental market.

FOR SALE DETAILS

PRICE

$2,195,000 USD

PRICE/SF

$302 USD /SF

# OF UNITS

10

PRICE/UNIT

$219,500

CAP RATE

7.08%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mansion by the Square

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1895

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,306 SF

ZONING

Business General

APN/PARCEL ID

109-01-052

ASK ABOUT THIS PROPERTY

Denise RaneyArizona CommercialMore Info
928-710-2094

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Denise RaneyArizona CommercialMore Info
928-710-2094

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.