820 2Nd St

Picture a potential-rich property situated right between the Courthouse and the Hospital, a delightful multi-family treasure with a remarkable dual-lot design. Highlights of the main feature include a solid cinder block construction 2 bedroom, 1 bathroom home that boasts a new roof, upgraded utility services, and a prepaid Tesla solar power system. In addition, you have a back lot accessible via an alley, complemented with a studio apartment fashioned from durable cinder block. Imagine the possibilities of further developing the back lot to amplify your income - you have the option to add site-built homes or multiple manufactured homes. Picture the steady cash flow from this uniquely designed property; the standalone studio apartment, complete with a full kitchenette and walk-in shower, brings in around $1500 per month! On the other hand, dream of living in the comfy studio, allowing you to rent out the 2-bedroom house and potentially cover your mortgage with the $2000+ monthly rental fee. If rented out, both units could generate $42k gross at full occupancy annually. What's more, the main house comes with a capacious sunroom, making it suitable for being furnished and rented to traveling nurses, potentially earning you $3500 a month or up to a staggering $60k per year as an investment. Fascinated by the idea of adding an RV site? With capital, you may achieve that, significantly enhancing the return on your investment. Want to maximize your investment? Consider short-term rentals or use the property as an Air B&B for an even more attractive cap rate - subject to city licensing. Green thumbs rejoice! This property is a gardener's sanctuary, it features an attached 345 sqft passive solar Arizona Room/Greenhouse and enriches you with a generous portion of organic soil. Add to that, the house has a Tesla Solar photovoltaic system, endorsing its commitment to green living. This property is a genuine opportunity to benefit your investment portfolio immensely while accommodating options for owner financing or lease-to-own possibilities, making it both an appealing investment and a potential dream home. This solar-powered downtown Prescott gem, with its stellar location, promising income potential, and sustainable living focus, is waiting for you to seize the opportunity.