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1629 E Birch Street

Cottonwood, AZ 86326
  • $800,000
  • STATUS: Active
  • ON SITE: 46 Days
  • MLS #: 6328908
UPDATED: 62 min ago
$800,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
1976
County:
Area:

School Ratings & Info

School District:

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.

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© 2022 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than D & R Realty LLC. Data last updated 2022-01-22T08:11:57.083.
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1629 E Birch Street Cottonwood, AZ 86326

  • Price: $800,000
  • Status: Active
  • On Site: 46 Days
  • Updated: 62 min ago
  • MLS #: 6328908
0
Beds
0
Baths
0
½ Baths
N/A
Acres
1976
Built
County:
Yavapai
Area:
Cottonwood
School District:
000 - Out of Area
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.
Exterior Features

Construction Frame - WoodOther (See Remarks) Construction Finish Other (See Remarks)Painted Covered Parking Spaces 0.00 Exterior Amenities Cable Tv AvailableOther (See Remarks)Partially FencedPet RestrictionsSecurity Light(S) Lot Size Dimensions 16050 SF Parking >1 Space Per UnitOther (See Remarks)Paved Parking Roads Asphalt Roofing Comp Shingle

Interior Features

1 Bedroom Unit Avg Sq Ft 0 1 Bedroom Unit Baths 0 2 Bedroom Unit Avg Sq Ft 900 2 Bedroom Units Baths 1 3 Bedroom Unit Avg Sq Ft 0 3 Bedroom Unit Baths 0 4 Bedroom Unit Avg Sq Ft 0 4 Bedroom Unit Baths 0 Appliances Included F/S Oven/RangeOther (See Remarks)Refrigerator Cooling ElectricIndividualSee Remarks Efficiency Unit Avg Sq Ft 0 Efficiency Unit Baths 0 Floors Ceramic TileOther Heating ElectricIndividualSee Remarks Interior Amenities Fire/Smoke Alarm(S)Other (See Remarks)Unfurnished

Property Features

1 Bedroom Unit Avg Rent 0.00 1 Bedroom Units 0 2 Bedroom Unit Avg Rent 900.00 2 Bedroom Units 4 3 Bedroom Unit Avg Rent 0.00 3 Bedroom Units 0 4 Bedroom Unit Avg Rent 0.00 4 Bedroom Units 0 Adjusted Gross Inc 41087.50 Annual Other Expense 13915.00 Annual Ownr Asoc Fee 0.00 Community Amenities No Pool Cross Street Off Main St in Heart Of Cottonwood Efficiency Unit Avg Rent 0.00 Efficiency Units 0 Electric Other (See Remarks) Gas Other (See Remarks) Gross Annual Sch Inc 43200.00 Hoa YN No Net Operating Income 27725.00 New Financing ConventionalOther (See Remarks) Operating Exp 15039.00 Other Income 50.00 Owner Pays GasLandscapingSewerTrash CollectionWater Project Type Four Plex Sale Includes Land & Building Sewer Sewer - Public Source Of Financial Data Other (See Remarks)Projected ProformaProvided By Owner Tax Municipality Cottonwood Taxes 1124.00 Tenant Pays Cable TvElectric Totl Mnth Rntal Inc 3600.00 Vacancy Allowance 0.05 Water City Franchise Zoning Fourplex

Listing courtesy of S.J. Fowler Real Estate Inc..


© 2022 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than D & R Realty LLC. Data last updated 2022-01-22T08:11:57.083.
 
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D & R Realty LLC
2891 S. Vista Del Sol
Gold Canyon AZ, 85118