215 E Willis Street, Prescott, AZ 86301

$1,350,000

Property Type: Multi-Family Square Footage: 5,687 Lot Size (sq. ft.): 4,792 Status: Pending

Current Price: $1,350,000 List Date: 10/24/2025 Last Modified: 12/01/2025

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.

More Information MLS# 1076023

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