Neighborhood Info
Multi-Family in Cottonwood
Jumbo 4plex in booming Cottonwood. Built in 1987. 3 BR/1.5 BA lower units;3 BR/2BA upper units. 1063 sf/unit. Generous 10,853 SF. All units have a garage + carport for 2 units. Courtyard. Great views of mountains. Rents are currently $1,074/$1,275/$1,035/$1,195 (Very low!) $4579 gross or $54,948/year projected. All leases are month-to-month or expire soon. 5 cap rate +/- w/ lots of potential. ALL NEW STUCCO EXTERIOR & REPAINT at a cost of $42,000+. Value-add. Cottonwood rental demand is off the charts! Only $199/sf in one of the hottest rental markets in AZ! Compare this to the much higher prices/sf in the Valley! Rents should be much higher, especially with some cosmetic upgrades. Just 30 minutes to Sedona or Prescott! Corner lot. Buyer to complete/rely on own due diligence.
Main Features
- Listing Status: Active
- Year Built: 1987
- School District: Out of Area
- County: Yavapai
- Taxes: $2,169.00
- Zoning: Multi-Family
- Subdivision: Verde Village Unit 2
- MLS Number:6419982
What's My Mortgage?
2460 S High View Circle Cottonwood, AZ 86326
- $849,000
- Est payment $4557.62/mo