​​Cass Stephens - S.J. Fowler ReAL ESTATE INVESTMENT

3980 E Mission Ln

Cottonwood, AZ 86326
$699,000 | 4 Unit | 1987

Property Description​

Generous 10,853 SF lot. $50,000+ in recent upgrades.

Fourplex - 3 BR/1.5 BA lower units -
3 BR/2 BA upper units (1063 +/- sf avg).
Ample parking w/ great mountain views.

Other address is 2460 S Highview Cir
Cottonwood, AZ 86326.

Current Rents: 
 $1,200/ $1,275 / $1,325* / $1,270
 $5,070 gross or $60,840/year projected

All new stucco/repaint exterior at a cost of $42,000+. Unit 7 recently remodeled.
Upgrades include kitchen cabinets, bathroom vanity,
surfaced bathtub, floor base heaters w/ individual comfort zone thermostats & new interior paint.

Only $164/sf in one of the hottest rental markets in AZ.
Strong 6+ CAP. Compare this to the much higher prices/sf in the Valley.
Rents could be much higher, especially with more cosmetic upgrades.
Close to all of the action, just 30 minutes to Sedona or Prescott!

Buyer to complete and rely on own due diligence. Do not disturb the tenants. Showings in Escrow only. Offers Considered. 

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​​Commercial Multifamily & 

Investment Specialist

Multifamily for sale, multifamily real estate

1817 E. Randall Dr. Tempe, AZ 85281

$899,000 | 4 Unit | 1959​​

Property Description
2 parcels - 4 units
APN 132-66-088 1817 E Randall Dr
APN 132-66-089 1815 E Randall Dr
Lot SF 12,000+ combined.

Unit 1 - Studio 529 SF - Rent $1,200
Unit 2 - 3+ BR/2BA 1044 SF - Rent $2,000 (Remodeled 2021)
Unit 3 - 1+BR/1BA 1,096 SF - Rent $1,300
(Unit 3 Kitchen/Bath/Living main level 696 SF w/ 2 BR sub-level 400 SF)
Unit 4 - 1BR/1BA 768 SF - Rent $1,000 (long-term tenant worst unit).
All month-to-month leases.

New Roof & cosmetic upgrades in 2 units.
Value-Add that needs upgrading to maximize income.
Utilities are mastered & seller paid. Near University, LRT. Less than a mile from ASU. 

Lots of upside with this non-typical 4 in one of the hottest areas of the Valley

Seller Financing available. 7% interest rate; 20-30 year term/amoritization; with a minimum of $265,000 down. Default terms.

​Buyer to complete and rely on own due diligence. Do not disturb the tenants. Showings in Escrow only. Offers Considered.