1037 N Main Street Cottonwood, AZ 86326

5 Beds
5,000 Sqft
4,356 Sqft lot
0.10 Acre lot
Status: Active
Year Built: 2020
Days on Website: 189

Courtesy of Coldwell Banker Northland.

Description

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. 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. Seller carryback option, submit.

Open House

Property Details and Features

  • Heating Included
  • "Electric"
  • "Other"
  • Road Surface Type: "Paved"
  • Appliances: "Electric Range"
  • Other Equipment: "Satellite Dish"
  • "Walk-Out Access"
  • 5 total bathrooms
  • 5 total bedrooms
  • Year Built: 2020
  • Building Area Total: 5,000
  • Levels: "Multi/Split"
  • Cooling Included
  • "Mini-Split"
  • Patio And Porch Features: "Patio"
  • Other Features: "Other"
  • "Perimeter"
  • Building includes fireplace
  • 2 total fireplaces
  • "Vinyl"
  • "Concrete"
  • "Other"
  • "Slab"
  • "Dual Sink"
  • "Kitchen Island"
  • "Pantry"
  • "Shower"
  • "Breakfast Bar"
  • "Eat-in Kitchen"
  • "Laundry Room"
  • Listing Id: 196787
  • 189 cumulative days on market
  • 192 days on market
  • Listing Contract Date: 2024-05-13
  • Mls Status: Active
  • On Market Date: 2024-05-16
  • MLS Area Minor: 70 - Cottonwood/Clarkdale
  • MLS Area Major: 70 - Cottonwood/Clarkdale
  • County Or Parish: Yavapai
  • 4,356 square feet
  • 0.1 acres
  • Features: "Landscaped"
  • Area: 4356
  • Parcel Number: 40634006a
  • Topography: Level
  • View: "Panoramic"
  • "Fire Sprinkler System"
  • "Security System"
  • "Smoke Detector(s)"
  • Annual Amount: $4,177
  • Utilities: "Electricity Available", "Cable Available"
  • "Double Pane Windows"