525 Gurley StPrescott, AZ 86303

This exceptional multifamily investment property, located at 525 E Gurley St, Prescott, AZ 86303, presents a compelling opportunity. The property, known as the Skyline Motel, comprises 14 units – a mix of 12 studio and one-bedroom apartments, and two commercial office spaces currently under long-term leases. Built in 1958, the property consists of nine buildings totaling 7,736 square feet and sits on a parcel with APN 110-01-042. The property boasts a strong current NOI of $153,392, translating to a 6.97% cap rate. This Class C property offers significant value-add potential in a thriving Prescott market, with high demand for both residential and commercial space. The property's strong occupancy and consistent rental income stream make it an attractive investment for those seeking stable returns and long-term growth. The strategic location near downtown Prescott further enhances its appeal. This is a rare chance to acquire a well-maintained, income-producing asset in a rapidly growing area. The property's nine buildings provide a unique opportunity for future development or renovation. The asking price is $2,200,000.