$734,000
$800,000
8.3%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 03/01/2022
Key Details
Sold Price $734,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 6328908
Sold Date 03/01/22
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 1976
Annual Tax Amount $1,124
Tax Year 2021
Lot Dimensions 16050 SF
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
Zoning Fourplex
Direction Off 89A and Main St
Interior
Flooring Ceramic Tile
Appliance FS OvenRange
Exterior
Garage Other (See Remarks), Paved Parking, >1 Space Per Unit
Community Features No Pool
Waterfront No
Roof Type Composition
Parking Type Other (See Remarks), Paved Parking, >1 Space Per Unit
Total Parking Spaces 8
Building
Sewer Public Sewer
Water City Franchise
Schools
School District Out Of Area
Others
Senior Community No
Tax ID 406-45-073
Acceptable Financing Other (See Remarks), Conventional
Listing Terms Other (See Remarks), Conventional
Financing Other
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Copyright 2024 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
Bought with Century 21 Arizona Foothills
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "