Prime Multifamily Opportunity Willis Street

215 E Willis Street is ideally located in the heart of Prescott, AZ, just minutes from Downtown’s historic Courthouse Square, dining, shopping, and cultural attractions. The property benefits from strong visibility and easy access to major thoroughfares, including Gurley Street and AZ-89, connecting residents to the greater Prescott and Quad-City area. Positioned within a walkable neighborhood, the site offers close proximity to grocery stores, coffee shops, and everyday conveniences, making it an attractive location for tenants seeking both lifestyle and accessibility. Prescott’s steady population growth, vibrant community atmosphere, and high demand for quality rental housing further enhance the appeal of this investment opportunity.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 if desired. 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 (included in price). Each unit is individually metered. On-site coin-operated laundry facilities add convenience for guests and tenants. Historically, vacation rentals have achieved 2-2.5x the income of long-term leases, making this a remarkable investment opportunity you won't want to miss.