$610,000
$610,000
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SOLD DATE : 06/29/2021
Key Details
Sold Price $610,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision New Old Town
MLS Listing ID 6239243
Sold Date 06/29/21
Maintenance Fees $2,737
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 2013
Annual Tax Amount $1,470
Tax Year 2020
Lot Dimensions 0.14 AC
Property Description
Gateway to Historic Old Town Cottonwood. . . Triplex Income Property, a sweet find! Designed by Reynold Radoccia, a Leed Architect. Built in 2013. This modern midcentury 2 story was built with energy efficiency in mind! A Leed Platinum Building, with many green products used in the construction. Very low maintenance and total electric living. Owner owned solar photovoltaic panels create shade canopies over the commercial parking area, generating electricity with individual inverters to all 3 Apartments A, B & C. Two Suites B & C are residential use, the front Suite A is a retail use. Tenants all enjoy very low reasonable utilities. Walk to all the many outstanding restaurants, hotels, retail shops, wine tasting and art boutiques in Old Town. Gateway to Historic Old Town Cottonwood. . . Triplex Income Property, a sweet find! Designed by Reynold Radoccia, a Leed Architect. Built in 2013. This modern midcentury 2 story was built with energy efficiency in mind! A Leed Platinum Building, with many green products used in the construction. Very low maintenance and total electric living. Owner owned solar photovoltaic panels create shade canopies over the commercial parking area, generating electricity with individual inverters to all 3 Apartments A, B & C. Two Suites B & C are residential use, the front Suite A is a retail use. Tenants all enjoy very low reasonable utilities. Walk to all the many outstanding restaurants, hotels, retail shops, wine tasting and art boutiques in Old Town.
All offers please allow till 1 May 2021 before seller will be responding on offers presented. Seller will not allow acceleration clauses or waiver of appraisal contingencies in offers presented.
Utilities: On Cottonwood city sewer & water, APS Electric and Internet. The rear and walkways are common areas to the PAD Development and maintained by the property owners of record when needed. There is rear parking coming in from the corner N 8th St. Tenants are required to abide by the CCR's in their lease agreements.
Additional Documents: MLS listing includes, Survey Plat, CC&R's, "About Gateway Green", Blue Prints, GIS Lot Dimensions, Income & Expense w/CAP Rate & Gross Income 2020, 2021.
Green & Energy Efficient Building Materials: All construction was done to qualify for the Leed Platinum requirements. This means that the result gives you a very energy efficient building that is healthy to live in! Quality Anderson Windows, long life shingles with crystalized material that reduces the sun penetration are just a few of the many wonderful construction materials. Refer to "About Gateway Green" in documents for full scope of materials and building specifications.
Commercial Frontage-Unit A: 532SF ½ bath Concrete Floors Anderson Windows ADA Toilet Vaulted Ceiling w/ exposed ridge beam Wall R value = R-30 Roof R value = R-50 Great Signage for exposure. Open room with large bay window. Outdoor Covered Central paved courtyard Rear Covered Parking Great street exposure.
First Floor Apartment -Unit B: 684SF, Dyed/ground concrete floors, Anderson Windows Living/Dining/Kitchen open room 1Bedroom 1 Bathroom w/cast iron tub and radiant floor heat. Wall R value = R-23Roof R value = R-50.
Appliances include: Bosch dishwasher, electric r/o, Refrigerator and a washer/dryer .All appliances are electric and energy star. Walled outdoor patio, Covered Parking.
Second Floor Apartment- Unit C: 1022SF Living/Dining/Kitchen w/ vaulted T & G wood ceiling 2 Bedroom 2 Bathrooms,1 w/cast iron tub,the Master Bath w/ a neo angle shower, both w/radiant floor heat. Wall R value = R-23 Roof R value = R-50. Great views. Outdoor deck facing Main Street, Covered Parking.
Note: It may be possible for short term rental use. PAD zoning in Documents. Contact the City of Cottonwood Community Development Director Scott Ellis for details. Present use is limited Commercial in Unit A. Residential Rental in Units B and C.
Note: Certificate of Occupancy: 2015 was when this building acquired the Certificate of Occupancy approval from new construction. Yavapai County states the age is 2013. This is when permits were pulled in the new construction process.
PAD Flexible Use: This building offers the ability to have your business in the front and live on site with a rental income property all in one!
Please Note: Efficiency has 1/2 bath. ARMLS system does not allow for that input.
Location
State AZ
County Yavapai
Community New Old Town
Zoning PAD
Direction Cottonwood, AZ 89A turn onto S Main becomes N Main St at Mingus Ave continue on N Main St to 683 N Main. Corner of N 8th St and N Main. Gateway Green.
Interior
Heating 2 or More Units, Solar, Electric, Other, ENERGY STAR Qualified Equipment, See Remarks
Cooling 2 or More Units, Individual, Other, Ceiling Fan(s), ENERGY STAR Qualified Equipment, See Remarks
Flooring Stone, Wood, Concrete
Appliance Dishwasher, FS OvenRange, Refrigerator, WD Hookup, Microwave, WasherDryer
Exterior
Garage Assigned, Common
Community Features Other, See Remarks, No Pool
Waterfront No
Roof Type Composition, Foam, Metal
Parking Type Assigned, Common
Total Parking Spaces 6
Building
Sewer Sewer-In & Connected, Public Sewer
Water Master Meter
Schools
Elementary Schools Cottonwood Elementary School
School District Out Of Area
Others
Senior Community No
Tax ID 406-38-127-D
Acceptable Financing CTL, Conventional, 1031 Exchange
Listing Terms CTL, Conventional, 1031 Exchange
Financing Conventional
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