775 Verde Heights DrCottonwood, AZ 86326

Property Details for 775 Verde Heights Dr

Year built

2023

Lot size

0.73 AC

Property size (Sq ft)

3,223 SF

Property type

Mixed-use properties

Property subtype

Other mixed-use properties

Description

This exceptional 3,223 square foot mixed-use property in Cottonwood, Arizona, presents a lucrative investment opportunity. Boasting two buildings on a 0.73-acre lot, this 2023-built property features a stunning main house and a second unit currently under construction. The main house, a successful vacation rental (VRBO and Airbnb listings available), comfortably sleeps up to 19 guests with a master suite, multiple bedrooms, and a luxurious kitchen. Amenities include a heated pool and a deck with a gas fireplace, offering breathtaking views of Sedona and Merkin Vineyards. The property is zoned R-1 and includes all furnishings and future bookings. The second unit, currently under construction, is designed as a guest house and offers significant potential for increased rental income. Detailed guest house plans are available upon request. Financial information, including a 2.12% cap rate and a net operating income (NOI) of $50,897, demonstrates strong returns. The asking price is $2,400,000 ($744.65/sq ft). This turnkey operation is ready for immediate income generation and future growth. The property's location in Old Town Cottonwood provides easy access to local attractions and the vibrant community. This is a rare opportunity to acquire a high-performing vacation rental with significant upside potential. Further details on income projections and the guest house are available.

Location Insight

City

Cottonwood

County

Yavapai

State

Arizona

Latitude

34.7453

Longitude

-112.029

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