$800,000
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SOLD DATE : 03/01/2022
Key Details
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 6328908
Sold Date 03/01/22
Year Built 1976
Annual Tax Amount $1,124
Tax Year 2021
Lot Dimensions 16050 SF
Source Arizona Regional Multiple Listing Service (ARMLS)
Property Description
Rare Cottonwood fourplex for sale with large all 2 bedroom unit mix. Value-add opportunity w/ 8 CAP potential. Extremely high tenant demand. A few minutes from Old Town Cottonwood & numerous wineries. Very high population growth location that is gentrifying. Perfect opportunity to cosmetically upgrade/reposition. Could be a very lucrative STR or long-term rental in an very low-supply area. Ample parking. Huge yard. Showings in escrow only-100% occupied. Do not bother tenants. Same owners since the 1980's! 3rd party managed/well-maintained. Well-below market rents ($985, $950, $805, $805). Built in 1976 on a huge 16000 SF lot. All HVAC units, a few newer.
Less than 30 min to Sedona & Jerome, 60 min to FLG & Prescott. Income/expenses est. Buyer to complete/rely on own due diligence.
Location
State AZ
County Yavapai
Area Yavapai
Zoning Fourplex
Direction Off 89A and Main St
Interior
Heating See Remarks, Individual, Electric
Cooling See Remarks, Electric, Individual
Flooring Ceramic Tile
Appliance Free-Standing Range, Other, Refrigerator
Exterior
Parking Features Other, Paved, >1 Space Per Unit
Community Features No Pool
Roof Type Composition
Private Pool No
Building
Sewer Public Sewer
Water City Franchise
New Construction No
Others
Senior Community No
Tax ID 406-45-073
Acceptable Financing Other (See Remarks), Conventional
Disclosures Other (See Remarks)
Listing Terms Other (See Remarks), Conventional
Financing Other
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Bought with Century 21 Arizona Foothills