827 Lincoln Ave Prescott, AZ 86301

This Prescott property presents an opportunity with four separate homes on a single parcel. Suited for investors, multi-generational living, or those seeking a private family compound near downtown, each residence features its own address, fenced yard, and dedicated parking. This provides privacy while sharing a single property. An owner could occupy one home and rent the others for potential income, or create a multi-generational retreat. The property may also offer vacation rental potential and the possibility of adding another unit. Located less than one mile from historic downtown Prescott and Whiskey Row, the property provides access to restaurants, shopping, entertainment, and local events. All units are fully rented with tenants on month-to-month leases. The property has a rental history, and residents have expressed interest in staying and are willing to sign one-year leases during the inspection period. For investors, the seller reports a net operating income of $45,530 after expenses, representing approximately a 6.5% cap rate. Seller currently pays HO insurance, flood insurance (less than $2,000 annually), and water, sewer, and trash. An extensive remodel completed in January 2018 included new windows, siding, interior and exterior paint, flooring, updated kitchens and bathrooms, and numerous additional improvements. Two homes have newer roofs. Units 829 and 831 feature HVAC mini-split systems, and Unit 829 includes a tankless water heater. All units are currently occupied. The sellers also have another nearby property available and may consider a discount for buyers purchasing both.