215 E Willis St - Multi-Family FOR SALE


Prescott, AZ 86301- Downtown Prescott
$1,350,000 USD
480-309-1089
215 E Willis St, Prescott, AZ for Sale
$1,350,000 USD
Multi-Family - FOR SALE
1/60
null | 6.82% Cap Rate

215 E Willis St
Prescott, AZ 86301
Downtown Prescott


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$1,350,000 USD

PRICE/SF

$237 USD /SF

# OF UNITS

8

PRICE/UNIT

$168,750

CAP RATE

6.82%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1905

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,792 SF

ZONING

MF-M

APN/PARCEL ID

113-16-066

ASK ABOUT THIS PROPERTY

Matthew FishArizona CommercialMore Info
480-309-1089

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Matthew FishArizona CommercialMore Info
480-309-1089

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