$910,000Multi-Family in Cottonwood

Offered by: Rick Rosenzweig , , soundinvestments1@msn.com

Address:	727 N Main St
Price:	$910,000
Location:	Cottonwood, AZ	MLS #:	522679
Zip Code:	86326	Sq. Feet :	10,902
County:	Yavapai	Bedroom:
Neighborhood:	10 - Cottonwood	Bath:
Year Built:	1958	Acreage:	1.35

Description: This is one of Cottonwood's best income properties: 1) Mature trees; 2) Frontage on N. Main Street with CR zoning, allowing possible business use entering into historic Old Town Cottonwood. 3) Reasonable rents; 4) Cottonwood may allow an additional rental unit on the property; 5) Minimal 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 bank lending rates in this market; 9) 9.00% 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 with many uses. Mobiles range from 1970's to 1990's. The owner manages the park from home in Scottsdale. Property mgmt available.

Amenities Lot Size: 202 x 339 x 190 x 270 Current Use: Mobile Home Park Cooling: Evaporative,Room Refrigeration,Individual AC Exterior Features: Fenced Backyard,Landscape,Patio/Deck,Sprinkler/Drip Flooring: Carpet,Wood,Sheet Vinyl,Laminate Interior Features: Laundry Room,Fire/Smoke Alarm,Garage Door Opener,Ceiling Fan,Refrigerator,Disposal,Microwave,Dishwasher Sewer: None Parking: 20+ Cars,Off Street Roof: Comp Shingle Units: 5 or More Units Utilities: Individual Meter,Master Meter,220,Sewer (Public),Electricity,Public Water,Telephone,Natural Gas

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