1037 and 1039 North Main St

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Address: 1037 and 1039 North Main St, Cottonwood, Arizona, US
Created date: May 15, 2024
Date last updated: May 16, 2024
  • +-5,000 SF building with 4 units (three residential condos and one storefront retail space).
  • Fully operational and turnkey business opportunity with a separate fully leased commercial unit.
  • Hard corner location in the heart of Old Town Cottonwood
  • 2 short-term vacation rentals and 2 leased on 1-2 years with annual increases
  • Literal turnkey investment opportunity with all FF&E included
  • Low management overhead
  • Highly desirable location in the blossoming community of Cottonwood
  • Potential for portfolio diversification
  • $145,000 in gross annual sales
  • NDA for financials and lease information
  • All assets, tradename, accounts, contracts, convey

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/2 full bath units approximately 1,350 sf each in size, a spacious 1,100 sf 1 bd/1 ba luxury unit, and a 900 sf storefront retail space with a brand new tenant. Each unit is self-contained with its own unique theme, with the type of careful precision found only in the most luxurious homes. The property shows spectacularly well (only a intimate tour or stay will properly justify), 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--in terms of impeccable presentation and income stream--one that allows a live-work arrangement (as the sellers had previously done), 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 and 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.

Key Property Information

Listing Status: Available
Listing Type: Call for offers
Property Types: 2-4 Units
Price: $3,515,000
No. of Units: 4
Year Built: 2020
Lot Size: 0.10 Sq ft
Opportunity Zone: No
Price per unit: $878,750
Property Website Click Here
Address: 1037 and 1039 North Main St, Cottonwood, AZ 86326, USA
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