

Listed by Realty One Group Mountain Desert
$699,000
539 Lincoln Avenue
Details
APN 20
Property Type Multifamily
Sub Type Apartment Building
Square Footage 1,392
Units 2
Cap Rate 9.50%
Year Built 1928
Buildings 2
Stories 1
Acreage 0.290
Zoning MF
Multifamily | 9.50% CAP | 2 Units
Marketing description
DO NOT DISTURB TENANTS Located within walking distance to downtown Prescott, this highly successful Superhost Airbnb duplex zoned multi family offers a rare opportunity to own both a prime location plus an established income-producing property.Situated on a generous 0.29-acre lot, the property features two remodeled residences: Unit B: A charming 1928 cottage bungalow with 2 bedrooms and 1 bath, beautifully updated while preserving its historic character. A Stone Casita Unit C: 1 bedroom, 1 bath. Both units are move-in ready and have been extensively upgraded, including new roof on Unit B, updated electrical and gas lines brought to code, new water heaters, mini-split systems,artificial turf, and fencing and so much more. See 'Feature Sheet' in documents tab.Each residence enjoys a private, pet-friendly courtyard with patio and artificial turf fencedyard. The oversized lot also offers room for a future garage or additional improvements,adding even more long-term value. There is even a tuff shed for storage in the back.The property has earned exceptional Superhost ratings of 4.9 and 5.0, reflecting its strong guest appeal and consistent performance as a short-term rental.An outstanding investment opportunity --continue operating as a successful short-term rental, or live in one residence while generating income from the other. Don't miss this rare opportunity to own a successful hospitality property in one of Prescott's most desirable downtown locations. The listing agent must confirm all showings, as this is an active Short-Term Rental.
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Listed by Realty One Group Mountain Desert
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