- For sale
Multifamily investment opportunity in Prescott, Arizona. Built in 2003, Prescott Lakes is a Class A, 123-unit, resort-style apartment community at 2105 Blooming Hills Drive in Prescott. Community is the only true 55-plus apartment option in Prescott.
Visit our property website for investment details and to request the offering memorandum.
Property tours by appointment only; please do not disturb on-site property management.
Prescott Lakes offers an investor a tremendous value-add opportunity with the option to finish the proven interior renovation program. Current ownership is achieving $250 to $300 upside for the renovated units over the classic units.
The property is located just north of downtown Prescott and near all the area’s major employers and healthcare providers. Prescott was voted the #2 best place to retire in the U.S. by The Wall Street Journal and the top 13 happiest and healthiest communities by Time Magazine.
In addition to being located in a significantly cooler climate than Phoenix, the Prescott Lakes community offers its residents the comfort of private and pristine living in the mile-high city of Prescott, and offers all the services and conveniences of city life just minutes away.
Prescott Lakes is centrally located in a prime spot between Prescott Valley (newer part of town) and Prescott, which has maintained its historic charm with its local restaurants, charming buildings and vibrant community appeal.
A one-and-a-half mile drive to the base of Granite Dells gives residents the opportunity to explore the City of Prescott’s Granite Gardens hiking trail - just one of more than 50 consecutive miles of hiking trails the city has recently completed.
Positioned near Watson Lake with beautiful views of the Prescott Valley, within minutes to hundreds of acres of mountain preserves, and numerous retail/entertainment venues, giving Prescott Lakes a competitive advantage.