Cottonwood, AZ 86326
- N/ABeds
- 0.00Total Baths
- 10,902SqFt
- 1958Year Built
- 1.35Acres
- 65 yearsEst Age
- MLS# 522679
- Commercial
- Multi-Family
- Sold
- Approx Time on Market6 months, 13 days
- AreaCottonwood
- CountyYavapai
- SubdivisionHopkins Rch 1 - 3
Overview
This is one of Cottonwood's best income properties: 1) Mature trees; 2) Frontage on N. Main Street zoned CR, allowing possible business use entering historic Old Town Cottonwood. 3) Rent has upside; 4) Cottonwood may allow one additional rental unit on the property; 5) Almost no vacancy; 6) Mobiles are taxed as personal property and depreciated over 10 years compared with 27.5 years for apartments. 7) OWC with strong down payment; 8) Low rates from lender that lends on mobile home parks; 9) 8.32% cap rate; 10) Potential to add a coin laundry. The rentals consist of mobile homes on lots, not lots alone. There are 13 mobile homes, a block cottage and a two car garage. Mobiles range from 1960's to 1990's. Owner manages the park from home in Scottsdale. Property management is available.
Building Info
Year Built: 1,958
Construction: Brick, Frame - Wood, Metal
Floors: Carpet, Laminate, Sheet Vinyl, Wood
Internal Amenities: Ceiling Fan, Dishwasher, Disposal, Fire/Smoke Alarm, Garage Door Opener, Laundry Room, Microwave, Refrigerator
Roof Materials: Comp Shingle
Type Building: 5 or More Units
Financial
Asking Price Text: $910,000
Lot Info
Acres: 1
Road Access Type: City, Dirt, Gravel, Paved
Misc Info
Pet Privileges: Yes
Commercial Amenities: None
External Amenities: Fenced Backyard, Landscape, Patio/Deck, Sprinkler/Drip
Parking Info
Parking Spaces: 20+ Cars, Off Street
Property Info
Class Type: Multi-Family
County: Yavapai
Road Maintenance: City Maintained, Privately Maintained
Sale / Lease Info
Sold Date: 2020-10-05 00:00:00
Sold Price: $860,000
Special Conditions: N/A
SqFt Info
Sqft: 10,902
Lot Size: 202 x 339 x 190 x 270
Utilities / HVAC
Cooling: Evaporative Cooling, Individual AC, Room Refrigeration
Utilities Included: 220, Electricity, Individual Meter, Master Meter, Natural Gas, Public Water, Sewer (Public), Telephone
Water Heater: Electric, Natural Gas
Courtesy of Sound Investments
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