NOT LISTED FOR SALE

Cottonwood, AZ 86326

Cottonwood Neighborhood
Studio
-- Bath
-- Sq Ft
0.67 Acres

Last Sold June 30, 2014

Last sale price $283,500

183 Days on Market

Highlights

  • Cooling Available
  • Cottonwood Elementary School Rated 10
  • Heating Available

About This Home

As of June 2014

This 8 Unit Mobile Home Park is long established and is a rare investment opportunity offering great
current cash flow plus excellent upside potential that requires minimum additional investment capital.
Two of the 8 units require renovation and/or replacement. Fully assumable in place financing ($230,000
at 5% P&I with 17 year amortization) is available to qualified buyers. Offered at $299,900 and with
a $69,900 down payment this property is estimated to produced up to approx. 12.8% cash on cash
return on existing income with a going in CAP rate of approx. 9.7% with only 6 units in operations.
With an additional capital investment estimated at $40,000 for 2 additional used units, the cash on
cash increases to approx. 18.0% with a projected CAP rate of approx. 13.3%. Many improvemen
ongoing preventative maintenance has been made to these units making this park easier to maintain
and lowing operating cost. All units are individually metered with each tenant paying for their own utilities except for sewer and trash. Please call listing agent for more details and a NDA. Submit all Offers!

Last Agent to Sell the Property

Carissa Maxwell

Glow Realty License #BR649020000 Listed on: 11/20/2013

Last Buyer's Agent

Historical Agent - SVV

Historical Listings - SVV

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $557

Year Built

  • Built in 1970

Lot Details

  • 0.67

Utilities

  • Cooling Available
  • Heating Available

Community Details

  • 8 Buildings
  • 8 Units
  • Building Dimensions are 100.75 x 287.30 x 100.00 x 296.30
  • Multi Unit Lots Subdivision

Listing and Financial Details

  • Tax Lot N.A.
  • Assessor Parcel Number 40642038k

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$557

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Property Type: Multiple Dwellings
  • Zoning: R-4
  • Number Of Buildings: 8
  • Year Built: 1970
  • Tax Year: 2013
  • Subdivision Name: Multi-Unit Lots
  • Water Source City Franchise2: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other

Exterior Features

  • Construction Type: See Remarks
  • Roof: Other

Utilities

  • Electric: Individual Meter
  • Cooling: Other
  • Heating: Other
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: Individual Meter, City Franchise
  • Main Cooling Other: Yes

Association/Amenities

  • Exterior Amenities:Cable TV Available: Yes

Lot Info

  • Lot Size: 100.75 x 287.30 x 100.00 x 296.30
  • Parcel #: 40642038k

Multi Family

  • Number Of Units Total: 8

Tax Info

  • Tax Annual Amount: 557.0
  • Tax Lot: N.A.
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/30/2014 06/30/14 Sold $283,500 -14.1% --
05/22/2014 05/22/14 Pending -- -- --
11/20/2013 11/20/13 For Sale $329,900 -- --
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2026 $481 -- -- --
2024 $472 -- -- --
2023 $472 $10,100 $6,339 $3,761
2022 $470 $8,033 $4,382 $3,651
2021 $496 $8,708 $5,216 $3,492
2020 $492 $0 $0 $0
2019 $488 $0 $0 $0
2018 $471 $0 $0 $0
2017 $453 $0 $0 $0
2016 $444 $0 $0 $0
2015 -- $0 $0 $0
2014 -- $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Carissa Maxwell

    Seller's Agent in 2014

    Carissa Maxwell

    Glow Realty

    (928) 202-2654

    10 in this area

    126 Total Sales

    Carissa Maxwell
    Section Image

  • H

    Buyer's Agent in 2014

    Historical Agent - SVV

    Historical Listings - SVV

See All Agents

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 502507

Arizona Regional Multiple Listing Service (ARMLS)
Arizona Yavapai County Cottonwood 86326

Cottonwood

Not Listed for Sale

MultiFamily

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Arizona Regional Multiple Listing Service (ARMLS) All information should be verified by the recipient and none is guaranteed as accurate by ARMLS

Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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