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1037 N Main St, Cottonwood, AZ 86326
$3,515,000
1037 N Main St, Cottonwood, AZ 86326View this property at 1037 N Main St, Cottonwood, AZ 86326
1037 N Main StCottonwoodAZ86326
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Property 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. OMC financing.
Full Property Details
Full Property Details for 1037 N Main St
General
- Price: $3,515,000
- Taxes: $4,177 (2023)
- Status: Active
- Type: Multi-Family
- MLS ID: 536159
- Updated: 5/28/2024
- Added to Site: 17 day(s) ago
Business
- Name: Lofts of Old Town
Interior
- Flooring: Vinyl Plank, Concrete
Location
- Area: 10 - Cottonwood
- County: Yavapai
- Subdivision: New Old Town
Community
- Community Name: 10 - Cottonwood
- Association: Yes
Heating & Cooling
- Cooling Type: Other
- Heating Type: Electric, See Remarks
- Water Heater: Electric
Structural Information
- Square Feet: 5,000
- Year Built: 2020
Unit Information
Unit 1
- Unit Description: Suite A
- Square Feet: 1350
- Total Bathrooms: 2
- Bedrooms: 2
Unit 2
- Unit Description: Suite B
- Square Feet: 1350
- Total Bathrooms: 2
- Bedrooms: 2
Unit 3
- Unit Description: Main St Loft
- Square Feet: 1100
- Total Bathrooms: 2
- Bedrooms: 1
Unit 4
- Unit Description: Retail
- Square Feet: 900
- Total Bathrooms: 1
Lot Features
- Lot Size (Acres): 0.1
- Lot Size (Sq. Ft.): 4,356
- Lot Size: .1
- Lot Size Source: Assessor
- Zoning: C-1
Financial Considerations
- Tax Amount: $4,177
- Tax Year: 2023
Disclosures and Reports
- Legal Description: To be provided in escrow
- Property ID: 40634006a
Listed by Coldwell Banker Northland
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Schools
Schools serving 1037 N Main St
School Districts:Mingus Union High School District, Cottonwood-Oak Creek Elementary District
Rating | Name | Grades | Distance |
---|---|---|---|
Cottonwood Elementary School, Cottonwood, AZ
301 North Willard St, Cottonwood, AZ 86326 | 3-5 | 0.5 mi | |
Cottonwood Middle School
500 E Mingus Ave, Cottonwood, AZ 86326 | K-8 | 0.6 mi | |
Dr Daniel Bright Elementary School
1500 S Monte Tesoro Dr, Cottonwood, AZ 86326 | PK-2 | 2.5 mi | |
1801 E Fir St, Cottonwood, AZ 86326 | 9-12 | 2.6 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1037 N Main St
Date
Details
Price
Change
Source
5/17/2024
Listed
$3,515,000
2757.72%
MLS
12/01/2004
Sold
$123,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1037 N Main St
Year
Property Taxes
Change
Tax Assessment
Change
2022
$4,156
—
$97,203
8%
2022
$4,156
—
$90,361
35%
2022
$4,156
209%
$66,938
98%
2021
$1,343
2%
$33,809
-13%
2020
$1,313
2%
$39,080
100%
2019
$1,287
3%
-100%
2018
$1,248
11%
$30,163
13%
2017
$1,122
3%
$26,796
116%
2016
$1,088
-2%
$12,390
5%
2015
$1,113
12%
$11,757
12%
2013
$995
—
$10,520
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1037 N Main St
1037 N Main St, Cottonwood, AZ 86326 (MLS# 536159) is a Multi-Family property with units containing 0 bedrooms and 0 full bathrooms. 1037 N Main St is currently listed for $3,515,000 and was received on May 17, 2024. Want to learn more about 1037 N Main St? Do you have questions about finding other Multi-Family real estate for sale in Cottonwood? You can browse all Cottonwood real estate or contact a Coldwell Banker agent to request more information.