R
Seller's Agent in 2014
Raymond Zogob
Better Homes And Gardens Real Estate Bloomtree Realty
(928) 443-0766
63 Total Sales
225 N 10th St Cottonwood, AZ 86326
Cottonwood Neighborhood
Studio
--
Bath
3,408
Sq Ft
29,185
Sq Ft Lot
Highlights
- 0.67 Acre Lot
- Ceiling Fan
- 1-Story Property
- Forced Air Heating System
- Evaporated cooling system
About This Home
As of June 2014This 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 produce 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%.
Last Agent to Sell the Property
Better Homes And Gardens Real Estate Bloomtree Realty License #SA553424000 Listed on: 12/09/2013
Co-Listed By
Carissa Maxwell
Better Homes And Gardens Real Estate Bloomtree Realty
Last Buyer's Agent
DAREN McKAY
ERA NATIONAL REALTY
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $557
Year Built
- Built in 1970
Lot Details
- 29,185 Sq Ft Lot
Interior Spaces
- 3,408 Sq Ft Home
- 1-Story Property
- Ceiling Fan
Utilities
- Evaporated cooling system
- Forced Air Heating System
- Electricity To Lot Line
- Phone Available
- Cable TV Available
Community Details
- 8 Buildings
Listing and Financial Details
- Assessor Parcel Number 38
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Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 06/30/2014 06/30/14 | Sold | $283,500 | -14.1% | $83 / Sq Ft |
| 05/31/2014 05/31/14 | Pending | -- | -- | -- |
| 11/20/2013 11/20/13 | For Sale | $329,900 | -- | $97 / Sq Ft |
Source: Prescott Area Association of REALTORS®
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
-
Raymond Zogob
-
C
Seller Co-Listing Agent in 2014
Carissa Maxwell
Better Homes And Gardens Real Estate Bloomtree Realty
-
D
Buyer's Agent in 2014
DAREN McKAY
ERA NATIONAL REALTY
Map
Source: Prescott Area Association of REALTORS®
MLS Number: 974988
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Based on information submitted to the MLS GRID
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