105 S Alarcon St
- 7,274 SF building
- 10 units
- Built in 1970
- Zoned BG
- Located in Prescott, AZ
- Prime investment opportunity
- Highly desirable location
- Excellent rental potential
Property Description
Mansion by the Square represents a distinguished vacation rental destination with significant investment potential. This historic property has undergone extensive capital improvements while preserving its rich local heritage, offering guests an authentic and memorable experience in a prime location. Strategically positioned in close proximity to Courthouse Square, the property provides guests with convenient access to an array of dining establishments, retail shops, and community events. The building comprises ten fully furnished units, including seven spacious suites and three well-appointed studios, catering to a diverse range of guest preferences and group sizes. The property's rental strategy demonstrates strong growth potential. Initial rates were deliberately set at competitive entry points to establish market presence and generate positive reviews across major vacation rental platforms. This approach has proven successful, with rental rates now experiencing steady upward momentum as the property's reputation continues to strengthen. With its combination of historical character, modern improvements, strategic location, and demonstrated revenue growth trajectory, Mansion by the Square presents an exceptional opportunity for investors seeking to enter or expand within the thriving vacation rental market.
Key Property Information
| Listing Status: | Unavailable |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $2,195,000 |
| No. of Units: | 10 |
| Year Built: | 1970 |
| Lot Size: | 0.19 Acres |
| Opportunity Zone: | No |
| Price per unit: | $219,500 |
| Property Website | Click Here |
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