Best Places Arizona Property
Property
Prescott, AZ 86301 215 E Willis Street
$1,600,000



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Presented By: Southwest Homes Realty
Home Details
PRIME LOCATION in Downtown Prescott (walking distance from ''The Square'') apartment building for vacation rental business or long-term leases. This building is currently operating with 5 long-term lease units and 3 vacation units (hosted on Airbnb) - no limitations to a new buyer making ALL of them vacation rentals if desired. Building underwent a significant renovation in 2020 that included: all new electrical, new HVAC systems, new central hot water & full interior upgrade. Vacation units are fully furnished, functional & turn-key-ready to continue operating (included in price). Units are Individually-metered. Coin-Op laundry facilities are available on-site. Historically, vacation rentals are fetching 2-2.5x of long-term leases so don't miss out on this amazing investment opportunity!
Presented By: Southwest Homes Realty
Interior Features for 215 E Willis Street
Other Interior Features
FlooringVinyl
Total Stories2
General for 215 E Willis Street
Additional Parcels Y/NNo
Cap Rate6.5
CityPrescott
Construction MaterialsBrick, Frame, Stone
CoolingCeiling Fan(s), Heat Pump, Ductless
CountyYavapai
DirectionsSR-89 (Montezuma St)EAST on Willis St.Big Blue Building on the SE corner of Willis & Alarcon St.Sign on Property
ExclusionsNo
HeatingForced Air, Heat Pump
Lot Size Square Feet4792
OwnerPaysOther
Property TypeResidential Income
RoofMetal
Standard StatusActive
Subdivision NameNone
Tax Annual Amount1596
Tax Year2024
UtilitiesElectricity Available, Individual Meter, Natural Gas Available, WWT - City Sewer
Year Built1905
ZoningMF-M
Exterior for 215 E Willis Street
Building Area Total5687
Exterior AmenitiesFence, Laundry Facilities
Lot Size Acres0.11
Lot Size SourceCounty Records
Number of Buildings1
Road Frontage TypeCity Street
Road ResponsibilityCity Maintained Road
Road Surface TypeAlley Paved, Paved
Additional Details
Price History
