$1,350,000
Prescott, AZ 86301
MLS# 1076023
5687 sqft
1 / 32
Property Description
An outstanding opportunity for a vacation rental business or long-term leases is now available for sale in Downtown Prescott, within walking distance of Courthouse Square. This building currently operates with 5 long-term lease units and 3 vacation units (hosted on Airbnb), with no limitations for a new buyer to convert all units to vacation rentals or long-term rentals, dependent on Buyer's management preference. A major renovation in 2020 included: all-new electrical, upgraded HVAC systems, new central hot water, and a full interior upgrade. Vacation units are fully furnished, functional, and turnkey-ready to continue operating. Each unit is individually metered. On-site coin-operated laundry facilities add convenience for guests and tenants.
Details
Maps
Documents
Contract/Address/Legal
List Price/SqFt: 237
Rent/Lease: Yes
Neighborhood: N/A
REO/Short Sale: Not Applicable
Zoning: MF-M
Assessor's Book #: 113
Assessor's Map #: 16
Assessor's Parcel #: 66
Legal: PRESCOTT W 97.2 FT OF LOT 1 BLK 10 AP2
General Property Description
Aprx Acres: 0.11
Lot #: 1
Lot Size: 4,792
Buildings: 1
Source of Measuremnt: County Assessor
Stories: 2
Management: Mgmt Company
Gross Vol/Yr $: 121440
More than 5 Units: Yes
Total Liveable SqFt: 5687
Year Built: 1905
NOI $: 95311
Cap %: 6.8
Baths - Full: 8
Tax Info
Taxes: 1596
Tax Year: 2024
Remarks & Misc
Directions: Traveling West on Sheldon Street, turn left (South) on N Alarcon. Take a right (West) onto Willis Street. Property is on E Willis Street, next to the alleyway.
Remarks: An outstanding opportunity for a vacation rental business or long-term leases is now available for sale in Downtown Prescott, within walking distance of Courthouse Square. This building currently operates with 5 long-term lease units and 3 vacation units (hosted on Airbnb), with no limitations for a new buyer to convert all units to vacation rentals or long-term rentals, dependent on Buyer's management preference. A major renovation in 2020 included: all-new electrical, upgraded HVAC systems, new central hot water, and a full interior upgrade. Vacation units are fully furnished, functional, and turnkey-ready to continue operating. Each unit is individually metered. On-site coin-operated laundry facilities add convenience for guests and tenants.
Office/Member Info
Listing Exclusions: No
Building Type
5+ Units: 1
Construction
Brick: 1
Frame - Wood: 1
Stone: 1
Cooling
Ceiling Fan(s): 1
Heat Pump: 1
Mini-Split: 1
External Amenities
Fence: 1
Laundry Facilities: 1
Flooring
Vinyl: 1
Heating
Forced Air: 1
Heat Pump: 1
Owner Pays
Other - See Remarks: 1
Records Available
None: 1
Road Frontage Type
City Street: 1
Road Surface Type
Alley Paved: 1
Paved: 1
Road Responsibility
City Maintained Road: 1
Roof
Metal: 1
Terms & Conditions
1031 Exchange: 1
Conventional: 1
FHA: 1
Utilities Installed
220: 1
Electricity: 1
Individual Meter: 1
Natural Gas: 1
Water - City: 1
WWT - City Sewer: 1
Water Heater
Central Boiler: 1
Natural Gas: 1
Re-Circulating: 1
Unit 1
Unit ID: 1A
# BR: 1
# BA: 1
SqFt: 672
Furniture: 1
Tenant Utilities: All
Unit 1 Parking
None: 1
Other - See Remarks: 1
Unit 1 Info
Ceiling Fan(s): 1
Dishwasher: 1
Disposal: 1
Fire/Smoke Detectors: 1
Range/Oven: 1
Refrigerator: 1
Storage Room: 1
Other - See Remarks: 1
Unit 2
Unit ID: 1B
# BR: 1
# BA: 1
SqFt: 611
Tenant Utilities: All
Unit 2 Parking
None: 1
Other - See Remarks: 1
Unit 2 Info
Ceiling Fan(s): 1
Dishwasher: 1
Disposal: 1
Fire/Smoke Detectors: 1
Range/Oven: 1
Refrigerator: 1
Unit 3
Unit ID: 1C
# BR: 1
# BA: 1
SqFt: 420
Tenant Utilities: All
Unit 3 Parking
None: 1
Other - See Remarks: 1
Unit 3 Info
Ceiling Fan(s): 1
Dishwasher: 1
Disposal: 1
Fire/Smoke Detectors: 1
Range/Oven: 1
Refrigerator: 1
Unit 4
Unit ID: 1D
# BR: 1
# BA: 1
SqFt: 495
Tenant Utilities: All
Unit 4 Parking
None: 1
Other - See Remarks: 1
Unit 4 Info
Ceiling Fan(s): 1
Dishwasher: 1
Fire/Smoke Detectors: 1
Range/Oven: 1
Refrigerator: 1
Other - See Remarks: 1
Unit 5
Unit ID: 2A
# BR: 1
# BA: 1
SqFt: 569
Tenant Utilities: All
Unit 5 Parking
None: 1
Other - See Remarks: 1
Unit 5 Info
Ceiling Fan(s): 1
Dishwasher: 1
Disposal: 1
Fire/Smoke Detector: 1
Range/Oven: 1
Refrigerator: 1
ContractAddressLegal
Original List Price: 1350000
Listing Date: 2025-08-28
Status: Active
Listing Price: 1350000
Street #: 215
Direction: E
Street Name: Willis
St Suffix: Street
City/Township: Prescott
State: AZ
Zip Code: 86301
Subdivision: None
County: Yavapai
Tax Parcel: 113-16-066
Property Features
Building Type: 5+ Units
Construction: Brick; Frame - Wood; Stone
Cooling: Ceiling Fan(s); Heat Pump; Mini-Split
External Amenities: Fence; Laundry Facilities
Flooring: Vinyl
Heating: Forced Air; Heat Pump
Owner Pays: Other - See Remarks
Records Available: None
Road Frontage Type: City Street
Road Surface Type: Alley Paved; Paved
Road Responsibility: City Maintained Road
Roof: Metal
Utilities Installed: 220; Electricity; Individual Meter; Natural Gas; Water - City; WWT - City Sewer
Water Heater: Central Boiler; Natural Gas; Re-Circulating
Unit 1: Furniture
Unit 1 Parking: None; Other - See Remarks
Unit 1 Info: Ceiling Fan(s); Dishwasher; Disposal; Fire/Smoke Detectors; Range/Oven; Refrigerator; Storage Room; Other - See Remarks
Unit 2 Parking: None; Other - See Remarks
Unit 2 Info: Ceiling Fan(s); Dishwasher; Disposal; Fire/Smoke Detectors; Range/Oven; Refrigerator
Unit 3 Parking: None; Other - See Remarks
Unit 3 Info: Ceiling Fan(s); Dishwasher; Disposal; Fire/Smoke Detectors; Range/Oven; Refrigerator
Unit 4 Parking: None; Other - See Remarks
Unit 4 Info: Ceiling Fan(s); Dishwasher; Fire/Smoke Detectors; Range/Oven; Refrigerator; Other - See Remarks
Unit 5 Parking: None; Other - See Remarks
Unit 5 Info: Ceiling Fan(s); Dishwasher; Disposal; Fire/Smoke Detector; Range/Oven; Refrigerator
Offering Memorandum 
Listing Office: Arizona Commercial
Last Updated: February - 02 - 2026
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