The significance of LOCATION, INCOME, LOCATION cannot be overstated. This property boasts an exceptional location and high traffic volume in Prescott, Arizona, strategically situated between Gurley and Sheldon Street. Upon entering Prescott via State Route 69 or State Route 89, this charming historical property captures immediate attention. Known as the Apache Lodge, the new ownership has undertaken extensive renovations, transforming it into a profitable venture that generates income through long-term rentals, retail leasing, and available pad spaces.
Spanning a total area of 10,155 square feet, this establishment features 29 residential units, 1 retail/office space, and 2 rental pad spaces designated for food trucks and RV parking. The residential units are available for 6 month extended stays. The current Net Operating Income (NOI) for this property stands at $261,038.08 representing a current capitalization rate of 8.04%. This is an excellent opportunity to invest in the Prescott Market with this profit producing piece.