222 S Penn Avenue, Prescott, AZ 86303
Local realty services provided by:Better Homes and Gardens Real Estate BloomTree Realty
222 S Penn Avenue,Prescott, AZ 86303
$550,000
- - Beds
- - Baths
- 1,920 sq. ft.
- Multi-family
- Active
Listed by:kellie rutherford
Office:keller williams integrity first realty
MLS#:1075356
Source:AZ_PAAR
Price summary
- Price:$550,000
- Price per sq. ft.:$286.46
About this home
Turnkey duplex active vacation rental with two 2 bedroom/1 bath apartments, less than 1 mile from Courthouse Plaza--the center of downtown Prescott! Each unit has 960sf of tastefully decorated, low maintenance living space.Recent improvements include new solid bamboo flooring in living room and bedrooms, new water heaters, new central air conditioning, upgraded electrical systems, improved access and parking pad (all 2020-2021); Pergo flooring in kitchens and stack washer/dryers in both units plus unit b furnace and refrigerator all approx. 8 years old; all furniture, accessories and sundries only 5 years old including Samsung smart tv's in living rooms and bedrooms. Easy access from front and rear of the property.This property has been successfully operating as a professionally managed vacation rental for the past 5 years.Gross income for 2024 $62,775, Net receipts $41,536 after management, cleaning, and maintenance/supply costs.Subtract utilities, property tax, insurance and maintenance/repairs/supplies (10,884) not included in the management fees yields an NOI of $30,652 (CAP rate 5.57%). 2025 YTD Net receipts after management, cleaning and maintenance/supply costs $29,569 yielding expected net receipts of 44,354, a 6% increase year over year.
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Home facts
- Year built:1961
- Listing ID #:1075356
- Added:59 day(s) ago
- Updated:September 29, 2025 at 04:41 PM
Rooms and interior
- Living area:1,920 sq. ft.
Heating and cooling
- Cooling:Ceiling Fan(s), Central Refrigeration
- Heating:Forced - Gas
Structure and exterior
- Year built:1961
- Building area:1,920 sq. ft.
- Lot area:0.19 Acres
Utilities
- Sewer:City Sewer
Finances and disclosures
- Price:$550,000
- Price per sq. ft.:$286.46
- Tax amount:$1,266 (2024)
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