Listed by Arizona Commercial Real Estate
$2,195,000
105 S Alarcon Street
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 7,274
Units 10
Cap Rate 7.00%
Pro-Forma NOI $155,316
Year Built 1895
Buildings 1
Acreage 0.190
Zoning BG (Business General), City of Prescott
Investment Type Core
Multifamily | 7.00% CAP | 10 Units
Marketing description
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.
Investment highlights
- 7,274 SF building
- 10 units
- Built in 1970
- Zoned BG
- Located in Prescott, AZ
- Prime investment opportunity
- Highly desirable location
- Excellent rental potential
Listing Contacts
Listed by Arizona Commercial Real Estate
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
Additional Information
Name
License
Brokerage
Brokerage Phone
Brokerage Address
Name
License
Is there information that looks off?

















































