222 S Penn Ave, Prescott, AZ 86303

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.