Cottonwood, AZ 86326,4234 E WESTERN Drive
Cottonwood, AZ 86326,4234 E WESTERN Drive
Cottonwood, AZ 86326,4234 E WESTERN Drive
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$1,250,000
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UPDATED:

01/13/2025 06:37 PM

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Subdivision Verde Village Unit 2

MLS Listing ID 6799452

Maintenance Fees $1,000

Originating Board Arizona Regional Multiple Listing Service (ARMLS)

Year Built 1983

Annual Tax Amount $4,480

Tax Year 2024

Lot Dimensions 113 * 86

Property Description

A fantastic turnkey investment property offering positive cash flow, low maintenance, and exciting potential for future revenue growth. Current cap rate is 6.9% with additional value add opportunities to further increase Cap rate and cash flow.

This property has gone through major renovations in 2023 and 2024 including brand new roof, flooring, all ACs and water heaters. See all details in the attached Offering Memorandum in the document section of the listing. Seller is also open to continue managing the property to make it a complete passive investment for buyers.

Do not disturb tenants, showing by appointment only.

Owner-agent disclosure: The selling agent is also the property owner. Showings will be scheduled only after a contract is accepted. Owner-agent disclosure: The selling agent is also the property owner.

Location

State AZ

County Yavapai

Community Verde Village Unit 2

Zoning RS-10

Interior

Heating ENERGY STAR Qualified Equipment, Heat Pump, Electric

Cooling Ceiling Fan(s), ENERGY STAR Qualified Equipment, Electric, Central A/C

Flooring Ceramic Tile, Vinyl

Appliance BI Oven/Range, F/S Oven/Range, Microwave, Washer/Dryer, W/D Hookup

Exterior

Parking Features Paved Parking, Free, >1 Space Per Unit, Street Parking

Community Features Community Showers, No Pool

Roof Type Foam,Rolled/Hot Mop

Total Parking Spaces 12

Building

Sewer Septic Tank

Water City Franchise, Master Meter

New Construction No

Schools

School District Mingus Union High School District

Others

Senior Community No

Tax ID 406-46-341

Acceptable Financing Conventional, 1031 Exchange

Listing Terms Conventional, 1031 Exchange


Read Less Info
Arizona Regional MLS (ARMLS)
Listed by Fathom Realty

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agent

Kodi Riddle

+1(480) 624-8019

Associate Broker / Owner | License ID: BR514965000

Associate Broker / Owner License ID: BR514965000

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4234 E WESTERN Drive