Supplements: The Willis Commons is an 8-unit apartment complex that is being offered For Sale at $1,095,000 which is $136,875/unit and a 7.0% going in Cap Rate. The property is a 2-story interior walk-up complex and is comprised of +/-4,563 sf. This building was originally constructed in 1900 and has undergone various renovations, upgrades, and modernizations i ... (Read more) The Willis Commons is an 8-unit apartment complex that is being offered For Sale at $1,095,000 which is $136,875/unit and a 7.0% going in Cap Rate. The property is a 2-story interior walk-up complex and is comprised of +/-4,563 sf. This building was originally constructed in 1900 and has undergone various renovations, upgrades, and modernizations in the recent past. The property is situated on the southwest corner Willis & Alarcon on a .06 acres with street frontage and viability from both streets and is only a few blocks from the Courthouse Square. All units include a refrigerators, microwaves, cooktops, a kitchen sink and electric heaters. Each unit ranges in size from approx. 300 sf to 700 sf with a unit mix of 6 studios and two 1-bedroom units. All utilities including internet and cable TV are included with the rent. Property amenities include 2 sets of guest coin operated laundry machines, 2 storage rooms and ample street parking adjacent to the property. The property enjoys an excellent rental history and stays full due to its convenient downtown Prescott location. Residences typically leased on either 6 month or 1-Year leases with security deposits and one month's rent paid in advance. There is currently a waiting list for rooms at the property.