1306 E Butterfield Rd
Prescott, AZ 86303

Butterfield Apartments is a prime investment opportunity in the heart of Prescott. This 27-unit property is located less than a mile and a half from Prescott’s Courthouse Plaza and the famed Whiskey Row, a vibrant center of activity in downtown Prescott (approximately a 30 minute walk from the property). Tenants of Butterfield Apartments will be at no loss to find a great place to eat, drink, or to view exemplary works of art within minutes of their home! Nowadays, Whiskey Row is known for its art galleries, candy shops, and, while the number has greatly decreased from a century ago, of course its famous saloons. One stroll around this particular block would show you how full of life and history this town actually is! While Whiskey Row is considered a battery of social energy in Prescott, locals will also find a great variety of interesting locations and activities to enjoy throughout the city, all with their own distinct flavor and charm. Butterfield Apartments is extremely well located in town and allows residents to enjoy, with ease, so much of what Prescott has to offer. Butterfield Apartments is an attractively updated 27-unit project with a great unit mix, including 4 studios, 6 one-bed/one-bath units, and 17 two-bed/one-bath units. All units have been remodeled over the years with energy efficient windows, completely remodeled bathrooms, and more. The project sits atop a hill with incredible views! Prescott is a very supply-limited submarket and therefore the property remains consistently fully occupied. Value-add opportunities exist through raising rents as well as implementing RUBS. Butterfield Apartments offers an investor a well-sized project in the heart of a popular area where multifamily residential investment opportunities are rare.