Great condition income property with a CAP Rate of 5.31%. This is a solid investment in these times and the prudent buyer will realize with 3% appreciation that it would be difficult to invest in anything these days with great upside potential. These units have been well cared for so deferred maintenance will not be an issue. This property has been professionally maintained by Whitehurst Management Company. The kitchen features a separate dining area and each unit has patios for enjoyable living. Large parking accomodates any tenant's needs and results in a building with a high occupancy which is great for the investor.
Fantastic opportunity to own two rental units with Main Street frontage in the Historic District of Old Town Cottonwood. The front home is cute with laminate and tile floors, new paint and a fenced back yard. The back home is spacious with high ceilings, built of block construction, and also has a fenced back yard. Both units have laundry rooms and all appliances convey. The zoning here is CR which is commercial residential. This creates so much potential! The front unit could be used as a shop/gallery/office/restaurant and the back unit a residence or keep both as rentals OR live in one and keep the other as an inlaw unit. Old Town Cottonwood has quickly become a real hot spot for wine tasting and many cultural events. There are many great restaurants and walking distance to all.
Well cared for Duplex - 2 rental units - (Duplex) Unit A 1 = 1200 sq. ft. 2 bedroom 1 bath. Unit B 1400 sq. ft. 3 bedroom 1.75 bath. Washers and dryers. Total income $1600 month. Great Cottonwood location.