3980 E MISSION Lane Cottonwood, AZ 86326

Jumbo 4plex in booming Cottonwood. Built in 1987. 3 BR/1.5 BA lower units;3 BR/2BA upper units. 1063 sf/unit average. Generous 10,853 sf lot. $164/SF is hard to find. Garage for upper units. Great views of mountains. Actual rents: $1,200/$1,275/$1,325/ $1,270. $5,070/month gross or $60,840/year on rents. New stucco siding/painting at a cost of $42,000. Unit 7 has a recently upgraded kitchen/bathroom. Value-add w/ high ceiling. Cottonwood rental demand is off the charts. Only $164/sf in one of the hottest rental markets in AZ. Compare this to the much higher prices/sf in the Valley! Rents could be much higher, especially with cosmetic upgrades. Just 30 minutes to the heart of Sedona or Prescott! Corner lot, 2nd address is 2460 S Highview Cir. Buyer to complete/rely on own due diligence.