Prescott Realty
Listed by Prescott Realty
$1,600,000
215 E Willis Street
Details
APN 1
Property Type Multifamily
Sub Type Apartment Building
Square Footage 5,687
Units 8
Cap Rate 6.50%
Year Built 1905
Buildings 1
Stories 2
Acreage 0.110
Zoning MF-M
Multifamily | 6.50% CAP | 8 Units
Marketing description
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!
Listing Contacts
Prescott Realty
Listed by Prescott Realty
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--
Valuation Metrics
0
DSCR
--
Cap Rate
--
ROI
Map
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?
