$698,325
$699,000
0.1%For more information regarding the value of a property, please contact us for a free consultation.
3980 E MISSION Lane Cottonwood, AZ 86326
Key Details
Sold Price $698,325
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Verde Village Unit 2
MLS Listing ID 6513851
Sold Date 03/15/23
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 1987
Annual Tax Amount $1,055
Tax Year 2022
Lot Dimensions 10854
Property Description
Jumbo 4plex in booming Cottonwood. Built in 1987. 3 BR/1.5 BA lower units;3 BR/2BA upper units. 1063 sf/unit average. Generous 10,853 sf lot. $164/SF is hard to find. Garage for upper units. Great views of mountains. Actual rents: $1,200/$1,275/$1,325/ $1,270. $5,070/month gross or $60,840/year on rents. New stucco siding/painting at a cost of $42,000. Unit 7 has a recently upgraded kitchen/bathroom. Value-add w/ high ceiling. Cottonwood rental demand is off the charts. Only $164/sf in one of the hottest rental markets in AZ. Compare this to the much higher prices/sf in the Valley! Rents could be much higher, especially with cosmetic upgrades. Just 30 minutes to the heart of Sedona or Prescott! Corner lot, 2nd address is 2460 S Highview Cir. Buyer to complete/rely on own due diligence.
Location
State AZ
County Yavapai
Community Verde Village Unit 2
Zoning Multi-Family
Direction From I-17, exit 287 AZ-260 to Western.
Interior
Heating WindowWall Unit(s)
Flooring Ceramic Tile, Wood
Appliance FS OvenRange
Exterior
Garage Other (See Remarks), Attached, >1 Space Per Unit, Common
Waterfront No
Roof Type Composition
Parking Type Other (See Remarks), Attached, >1 Space Per Unit, Common
Total Parking Spaces 10
Garage Yes
Building
Sewer Septic in & Cnctd, Septic Tank
Water City Franchise
Schools
School District Mingus Union High School District
Others
Senior Community No
Tax ID 406-46-485
Acceptable Financing Other (See Remarks), Conventional
Listing Terms Other (See Remarks), Conventional
Financing Conventional
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Bought with eXp Realty