If you have been looking for a property to build a guesthouse on for investment reasons or a small family village this is it! The main house is a Vintage chic stone cottage in the heart of Prescott! Fantastic location close to shopping, schools, medical services and historic downtown Courthouse Square. 3 bedrooms, 1 bathroom, 1,131 square feet. This adorable and unique home has a newly remodeled bathroom and an updated kitchen with a cool retro vibe. All appliances are less than 5 years old, and the water heater is new. The living room features a gorgeous fireplace, and wood-look tile floors add to the home's warm feeling. Out back, you'll find a large shaded fenced yard with a storage shed and a fantastic open patio with wood deck - perfect for entertaining family and friends. The front portico offers a fabulous area for relaxing and enjoying the fresh Prescott air. This home makes a great primary residence, vacation home, or rental. The property is zoned for multi-family, allowing the potential for additional units to be added. Transferable FEMA insurance policy good until July 2026. Don't miss out on this unique opportunity - schedule a showing today!