Active
1037 N Main St
Cottonwood AZ, 86326
$3,515,000
$703.00 per sqft
Active
5,000 sqft
Commercial
Built in 2020
A modern masterpiece within an Old Town setting. Featuring the Lofts of Old Town, an absolute turnkey mixed-use business and real estate investment opportunity, situated in the heart of vibrant Old Town Cottonwood. Constructed in 2020, this two-story work- of-art contains three high-end luxury residential vacation rentals and a ground level storefront retail suite, fully leased. Pride of ownership abounds as the condition of the condos is amazingly immaculate, down to the most miniscule detail. The property features two, 2bd/2ba units approximately 1,350 sf each in size, a spacious 1,100 sf 1 bd/1ba luxury unit, and a 900 sf storefront retail space with a new tenant. Each unit is self-contained with its own unique theme, woven together with the type of careful precision found only in the most luxurious homes. The property shows spectacularly well (only a intimate tour or night stay will properly do it justice), with repeat guests fawning over the comfort, location, and amenities provided. The revenue stream follows the gleaming reviews, as the property averages approximately $145,000 in annual rental income. There are very few comparable investment properties on the market--from the impeccable presentation to the income stream--one that allows a live-work arrangement (the sellers had previously lived in one of the units), a passive investment with the business operating fluidly without hands-on involvement, or a combination of the two. The sellers have done the hard part--creating a masterpiece from the ground up coupled with a thriving business venture to compliment the design. Now it's your turn to do the easy part...take the keys and OWN this truly rewarding and enriching enterprise.
536161
MLSⓇ ID
May 17, 2024
Listed
October 14, 2024
Updated
Map
1037 N Main St
Cottonwood AZ, 86326
Interior Features
Interior Features
Living Quarters, Fireplace
Laundry Description
Laundry Room
Fireplace
No
Cooling
Yes
Cooling Description
Ductless, Other
Heating
Yes
Heating Description
Individual Heat, Electric
Exterior/Building Features
Lot Size
0.1 Acres
Other Property Details
Area Name
10 - Cottonwood
Taxes
$4,177
Tax Frequency
Annually
Garage
No
Parking
1 - 9 Cars
View
No
County
Yavapai
Water Source
City Water
Pool
No
Zoning
C-1
Listing History
Date | Event | Price |
---|---|---|
11/15/2024 | Price change | $3,265,000 -8% |
Courtesy of Coldwell Banker Northland, Howard McBride
Listing Contact:
All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Cindy Chapman Group shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2024 Sedona Verde Valley Association of REALTORS. All rights reserved.
Data last updated 8:39 PM UTC, 10/14/2024