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215 E Willis St 8 Unit Apartment Building $1,840,833 CAD ($230,104 CAD/Unit) 6.82% Cap Rate Prescott, AZ 86301
Executive Summary
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.
Financial Summary (Actual - 2024) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,840,833 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $230,104 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.11 AC |
| Cap Rate | 6.82% | Building Size | 5,687 SF |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1905/2020 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | MF-M - Multi-Family Medium Density https://www.codepublishing.com/AZ/Prescott/#!/PrescottLDC/PrescottLDC04.html%234 | ||
| Price | $1,840,833 CAD |
| Price Per Unit | $230,104 CAD |
| Sale Type | Investment |
| Cap Rate | 6.82% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 5,687 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1905/2020 |
| Opportunity Zone |
Yes |
| Zoning | MF-M - Multi-Family Medium Density https://www.codepublishing.com/AZ/Prescott/#!/PrescottLDC/PrescottLDC04.html%234 |
Amenities
Site Amenities
- Vintage Building
- Walk-Up
1 1
Walk Score®
Very Walkable (86)
Property Taxes
| Parcel Number | 113-16-066 | Improvements Assessment | $0 CAD (2026) |
| Land Assessment | $0 CAD (2026) | Total Assessment | $213,145 CAD (2026) |
Property Taxes
Parcel Number
113-16-066
Land Assessment
$0 CAD (2026)
Improvements Assessment
$0 CAD (2026)
Total Assessment
$213,145 CAD (2026)
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215 E Willis St
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