Exceptional Opportunity to purchase this downtown Prescott apartment / motel complex. The property is being offered for sale for $1,750,000. This wonderful lodging opportunity features 11 studio style guest rooms located within 3 separate and adjacent buildings which total 4,044 sf. Situated on a +/-.36 acres of BG zoned land, there are 11 on-site parking spaces located in front and on the side of the studio units. One of the units is a 1-bedroom suite that can be used for an on-site manager’s office/residence. The property also features a shared kitchen area, a storage room, and a new laundry room offering four new coin operated washers & dryers, a folding table, a coin change machine and a coin operated laundry accessories machine. All 11 studio units offer wi-fi, cable and include all utilities. Originally built in 1946, the Cascade Motel just completed a comprehensive interior and exterior renovation. All interior rooms have been completely renovated to include new doors and windows, mini-splits, digital door locks, vinyl plank flooring, new cabinets & countertops, sinks and showers, lighting and painting. The exterior building upgrades and renovations include the following: a new parking lot and concrete sidewalks in front of the units, new landscaping, outdoor patio space, exterior lighting, a security camera system, 6 new water heaters and fencing. This property is in excellent physical condition and is ready for immediate occupancy. This property can be operated as an apartment complex or a motel offering daily/weekly/monthly rentals, a group home, or any other multi-family specialty use. This is a rare investment/owner operator opportunity in downtown Prescott.