Courtesy of: Better Homes & Gardens Real Estate SJ Fowler
Year Build: 1987
Address: 2460 S High View Circle
Neighborhood: Verde Village Unit 2
Jumbo 4plex in booming Cottonwood. Built in 1987. 3 BR/1.5 BA lower units;
3 BR/2BA upper units. 1063 sf/unit.
Generous 10,853 SF. All units have a garage + carport for 2 units. Courtyard. Great views of mountains. Rents are currently $1,074/$1,275/$1,035/$1,195 (Very low!) $4579 gross or $54,948/year projected. All leases are month-to-month or expire soon. 5 cap rate +/- w/ lots of potential. ALL NEW STUCCO EXTERIOR & REPAINT at a cost of $42,000+. Value-add. Cottonwood rental demand is off the charts! Only $199/sf in one of the hottest rental markets in AZ! Compare this to the much higher prices/sf in the Valley! Rents should be much higher, especially with some cosmetic upgrades. Just 30 minutes to Sedona or Prescott! Corner lot. Buyer to complete/rely on own due diligence.
Courtesy of: Better Homes & Gardens Real Estate SJ Fowler The ARMLS logo indicates a shared property that may be listed by a real estate brokerage other than the ARMLS. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright 2022 Arizona Regional Multiple Listing Service, Inc. All rights reserved. Updated: 9th August, 2022 12:58 AM (UTC)
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