222 S Penn Ave Prescott, AZ 86303
Estimated payment $3,037/month
Highlights
- Wood Flooring
- No HOA
- Ceiling Fan
- Taylor Hicks School Rated A-
- Forced Air Heating System
- Refrigerated and Evaporative Cooling System
About This Home
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.
Listing Agent
Keller Williams Integrity First Realty License #BR552205000 Listed on: 08/01/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,266
Year Built
- Built in 1961
Lot Details
- 8,276 Sq Ft Lot
Parking
- Off-Street Parking
Home Design
- Duplex
- Block Foundation
Interior Spaces
- 1,920 Sq Ft Home
- 1-Story Property
- Ceiling Fan
Flooring
- Wood
- Laminate
- Tile
Bedrooms and Bathrooms
- 4 Bedrooms
- 2 Bathrooms
Utilities
- Refrigerated and Evaporative Cooling System
- Forced Air Heating System
- 220 Volts
- Natural Gas Water Heater
Community Details
- No Home Owners Association
- 2 Units
- Joslin Whipple Subdivision
Listing and Financial Details
- Assessor Parcel Number 65
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2026 | $1,266 | $45,358 | -- | -- |
| 2024 | $1,240 | $41,848 | -- | -- |
| 2023 | $1,240 | $35,660 | $8,718 | $26,942 |
| 2022 | $1,215 | $28,160 | $9,207 | $18,953 |
| 2021 | $1,267 | $25,460 | $8,584 | $16,876 |
| 2020 | $1,269 | $0 | $0 | $0 |
| 2019 | $1,159 | $0 | $0 | $0 |
| 2018 | $1,113 | $0 | $0 | $0 |
| 2017 | $1,067 | $0 | $0 | $0 |
| 2016 | $1,069 | $0 | $0 | $0 |
| 2015 | -- | $0 | $0 | $0 |
| 2014 | $1,031 | $0 | $0 | $0 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 08/01/2025 08/01/25 | For Sale | $550,000 | +84.6% | $286 / Sq Ft |
| 02/14/2020 02/14/20 | Sold | $298,000 | -0.6% | $155 / Sq Ft |
| 01/17/2020 01/17/20 | For Sale | $299,900 | -- | $156 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $425,000 | Lawyers Title | |
| Warranty Deed | $298,000 | Yavapai Title | |
| Warranty Deed | $145,900 | Yavapai Title Agency Inc | |
| Warranty Deed | $170,000 | Pioneer Title Agency | |
| Interfamily Deed Transfer | -- | -- | |
| Warranty Deed | $133,000 | Yavapai Title Agency | |
| Warranty Deed | $114,000 | Capital Title Agency |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $325,125 | New Conventional | |
| Previous Owner | $223,500 | New Conventional | |
| Previous Owner | $145,900 | Purchase Money Mortgage | |
| Previous Owner | $136,000 | Purchase Money Mortgage | |
| Previous Owner | $131,147 | FHA | |
| Previous Owner | $79,800 | New Conventional |
Source: Prescott Area Association of REALTORS®
MLS Number: 1075356
APN: 110-02-065
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