223 E Willis St, Prescott, AZ 86301

The Willis Commons is an 8-unit apartment complex that is being offered For Sale at $1,095,000 which is $136,875/unit and a 7.0% going in Cap Rate. The property is a 2-story interior walk-up complex and is comprised of +/-4,563 sf. This building was originally constructed in 1900 and has undergone various renovations, upgrades, and modernizations in the recent past. The property is situated on the southwest corner Willis & Alarcon on a .06 acres with street frontage and viability from both streets and is only a few blocks from the Courthouse Square. All units include a refrigerators, microwaves, cooktops, a kitchen sink and electric heaters. Each unit ranges in size from approx. 300 sf to 700 sf with a unit mix of 6 studios and two 1-bedroom units. All utilities including internet and cabl