2460 S High View Circle Cottonwood, AZ 86326
Listing Courtesy of: Arizona Regional MLS / Better Homes And Gardens Real Estate S.J. Fowler / James Stephens

  2460 S High View Circle Cottonwood, AZ 86326

Active (58 Days)

Description

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.

MLS #:
6419982
Taxes
$2,169(2021)
Type
Multifamily
Year Built
1987
School District
000 - Out of Area
County
Yavapai County
Bathroom Details
Interior Features
  • Fire/Smoke Alarm(s)
  • Other (See Remarks)
  • Unfurnished
Subdivision
  • Verde Village Unit 2
Heating and Cooling
  • Other
  • See Remarks
  • Evaporative Cooling
  • Window/Wall Unit
Exterior Features
  • Desert Landscaping
  • Other (See Remarks)
  • Patio/Balcony
  • Separate Storage
  • Roof: Comp Shingle
Utility Information
  • Sewer: Sewer - Public
Parking
  • 10.00
Location
   
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Estimated Monthly Mortgage Payment

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Disclaimer: Listing Data Copyright 2022 Arizona Regional Multiple Listing Service, Inc. All Rights reserved
Information Deemed Reliable but not Guaranteed.
ARMLS Last Updated: 8/14/22 14:49.