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30011226
30011247

105 S Alarcon Street, Prescott, AZ 86303

MF
AZ BR626105000
Arizona Commercial Real Estate
TS
AZ br100015000, BR100015000
Arizona Commercial Real Estate
DR
SA567345000
Arizona Commercial Real Estate
Listed by Arizona Commercial Real Estate
$2,195,000
91 days on market
Updated 73 days ago

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
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Listing Contacts

MF
AZ BR626105000
Arizona Commercial Real Estate
TS
AZ br100015000, BR100015000
Arizona Commercial Real Estate
DR
SA567345000
Arizona Commercial Real Estate
Listed by Arizona Commercial Real Estate

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Additional Information

Name
Matthew Fish
License
BR626105000
Brokerage
Arizona Commercial RE
Brokerage Phone
928-515-1223
Brokerage Address
122 North Cortez Street
Name
Tom Semancik
License
br100015000
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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