PRICE IMPROVEMENT - NOW $650, 000! Two Homes. One Incredible Opportunity. Rare Prescott property featuring a beautifully refurbished circa-1912 main home, thoughtfully restored to preserve its original charm, plus a true detached 1-bedroom cottage -- not a studio. The cottage lives like its own full 1-bedroom home with full kitchen, full-size appliances, living area, separate bedroom, bathroom, laundry/pantry area, separate access, fenced yard, and alley-side parking. With a rental history of approximately $1, 700/month, the cottage offers meaningful income potential and flexibility for multi-generational living, guests, private office/studio use, or a live-one/rent-one setup. Beautifully landscaped grounds create a private retreat with outdoor entertaining areas, café lighting, mature gardens, and a tranquil water feature. Parking for approximately 6 vehicles: 3 at the main house and 3 off the alley near the cottage. About 1 mile from Historic Courthouse Square and Whiskey Row, with countless restaurants, grocery, medical, hospital, shopping, and everyday conveniences within approximately 1/2 mile. A standout value for a true second-residence property near downtown Prescott.