718 North Main Street

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718 North Main Street

Cottonwood, AZ 86326
Asking Price
$2.90M
Asset Type
Residential Multifamily
Class
Class B

What's Special

Approved for 48 one-story rental units <p>This shovel ready build-to-rent development opportunity includes an approved plan for 48 one-story rental units. The duplex units offer both one and two bedrooms. Building permits have been issued, however due to the length of time since approval, the approvals and permits are set to expire in July, 2026.</p>

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NOI
$80,000
Cap Rate
2.76%
DSCR
0.46
Underwater
Cash-on-Cash
-10.59%
Monthly Payment
$14,347.618
Annual Cash Flow
$-92,171.412

Location & Travel Times