Phone 928.300.1699
Email Jan & Wally
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Jan Bigelow: 928.300.1699
Wally Reule: 928.301.5943
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Listing MLS# 508760 Cottonwood AZ Real Estate
Cottonwood, AZ 86326
- N/ABeds
- 0.00Total Baths
- 10,902SqFt
- 1958Year Built
- 1.32Acres
- 65 yearsEst Age
- MLS# 508760
- Multifamily
- Multi-Family
- Sold
- Approx Time on Market1 year, 2 months, 13 days
- AreaCottonwood
- CountyYavapai
- SubdivisionHopkins Rch 1 - 3
Overview
Originally established in 1958 the park has 13 park-owned mobile homes, a 428 sq. ft. cottage and a 2 car garage on 1.32 acres with mature trees. There is an onsite manager. City of Cottonwood MAY allow one more rental unit on the property. The cap rate in 2013 was 8.82%; in 2014 it was 10.21%; in 2015 it was 10.47%; 2016 projection is 10.21%. Occupancy was 100% in 2015. When a tenant vacates a unit the owners perform any needed repairs and usually increase the rent. The mobile homes are affixed. They can be depreciated on a 10 year schedule vs 27.5 years for stick-built properties. Like most of Old Town, the property is in the 100 year flood plain. The owners will accept cash or may carry with $300,000 down with the balance @ 6% interest for 25 years with a 7 year balloon.
Building Info
Year Built: 1,958
Construction: Block, Frame - Wood, Metal
Floors: Carpet, Concrete, Sheet Vinyl, Wood
Internal Amenities: Ceiling Fan, Fire/Smoke Alarm, Refrigerator
Roof Materials: Foam, Metal
Type Building: 5 or More Units
Financial
Asking Price Text: $695,000
Lot Info
Acres: 1
Road Access Type: City, Paved
Misc Info
Pet Privileges: Yes
Commercial Amenities: Roll Up Doors
External Amenities: Landscape, Patio/Deck
Parking Info
Parking: Off Street
Property Info
Class Type: Multi-Family
County: Yavapai
Business Type: Mobile Home Park
Road Maintenance: City Maintained
Sale / Lease Info
Sold Date: 2017-02-21 00:00:00
Sold Price: $690,000
Special Conditions: N/A
SqFt Info
Sqft: 10,902
Utilities / HVAC
Cooling: Evaporative Cooling, Refrigeration/Centrl
Heating: Other
Utilities Available: 220, Cable TV, City Water, Electricity, Individual Meter, Master Meter, Natural Gas, Sewer (City), Telephone
Water Heater: Natural Gas
Courtesy of Sound Investments
MLS# 530824 
Copyright © Sedona Verde Valley Association of REALTORs®, Inc., 2010. Information deemed to be reliable but not guaranteed. The data relating to real estate for sale on this website comes in part from the Broker Reciprocity(sm) Program. Real estate listings held by brokerage firms other than Make Sedona My Home Realty are marked with the BR logo and detailed information about them includes the name of the listing brokers. Only residential real estate listings are shown from the IDX database. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any other purpose than to identify prospective properties consumers may be interested in purchasing. Information was last updated: 05-07-2024 7:00 PM EST .
Jan Bigelow — Phone 928-300-1699
Wally Reule — Phone 928-301-5943
Email Jan & Wally
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