305 Mount Vernon Ave Prescott, AZ 86301

This stunning, fully renovated 1924 Victorian triplex in Prescott, Arizona presents a unique investment opportunity. Boasting 2,235 square feet across three units on a 7,800 square foot lot, this property offers both historical charm and modern amenities. Each unit features separate entrances, HVAC systems, and electrical panels, along with updated kitchens including stainless steel appliances and in-unit washer/dryers. The units are tastefully furnished and currently operate as successful short-term rentals, generating over $80,000 in gross income in 2023, with an average nightly rate of $125 per unit. The flexible BR zoning allows for residential, retail, or office use. Conveniently located just 0.6 miles from Courthouse Plaza and Downtown Prescott, this property benefits from a prime location near popular attractions, restaurants, and entertainment venues. Twelve paved parking spaces are available on-site. The building features high ceilings and a mix of unit sizes: one two-bedroom, three-quarter bath unit with a balcony upstairs, and two one-bedroom, three-quarter bath units downstairs. All units are furnished with king and queen beds, big-screen TVs, and fully equipped kitchens. This property offers a blend of historical significance, modern convenience, and strong income potential, making it an exceptional investment opportunity in a desirable Prescott location. The asking price is $799,900, with a price per unit of $266,633.33 and a price per square foot of $357.90.