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28169024
28169040

775 N Verde Heights Dr, Cottonwood, AZ 86326

Realty ONE Group
Listed by Realty ONE Group
$1,500,000
209 days on market
Updated 111 days ago

Old Town Overlook

Details
APN 406-32-024C
Property Type Business for Sale, Hospitality (+1)
Sub Type Business and Building, Hotel (+1)
Square Footage 3,186
Net Rentable (SqFt) 3,186
Units 2
Cap Rate 8.38%
NOI $125,706
Occupancy 60%
Pro-Forma Cap Rate 8.38%
Pro-Forma NOI $125,706
Price per SqFt $471
Year Built 2023, 2024
Buildings 2
Stories 2
Lot Size (SqFt) 31,937
Zoning R-1

Two proven STRs in one, built in 2023! Pool, views, unbeatable walkability, and instant cash flow!

Marketing description

Discover a rare chance to own a turnkey short-term rental directly across the street from the iconic Merkin Vineyard, one of Arizona’s most celebrated destinations in the heart of the Verde Valley wine region.

This exceptional property includes two stunning homes: the Main House and the Pool House. Each beautifully designed and already performing as proven vacation rentals. With less than a full year of operation, both homes have shown strong occupancy and guest satisfaction, drawing visitors seeking the perfect blend of comfort, style, and location. Built by local builder Joe Mulcaire Contracting, this home showcases the signature craftsmanship and timeless style their work is known for. This 4-bedroom, 3-bathroom residence features a thoughtful split floor plan and an open-concept design that invites both comfort and charm. The chef's kitchen immediately captures your attention upon entry, highlighted by an oversized window framing Merkins' picturesque vines. Custom cabinetry, generous counter space, luxury appliances, granite countertops, and luxury vinyl plank flooring complete this stunning culinary space.

The primary suite is a private retreat, featuring a spacious sitting area, direct access to the covered deck, dual walk-in closets, and an oversized walk-in shower. Throughout the home, shiplap accents, custom woodwork, and a handcrafted fireplace hearth add warmth and character.

A separate pool house extends the property's appeal, fully equipped with its own kitchen and laundry room. Butcher block countertops, shiplap walls, and a tiled walk-in shower echo the same elevated finishes found in the main home.

Step outside to the exterior spaces that are every bit as impressive as the interior, offering generously sized covered decks, an outdoor kitchen and BBQ area, a stunning pool, and sweeping panoramic views.

Currently listed separately, the homes also offer the flexibility to book the entire estate, catering perfectly to group stays, retreats, and wine-country getaways. The upside potential is substantial, with room to increase both occupancy and nightly rates. The current owner self-manages, leaving opportunity on the table for enhanced revenue through professional management and expanded marketing strategies.

This fully furnished, ready-to-operate investment includes stylish decor, on-hand supplies, and even future bookings that may be transferred to the buyer, creating a seamless, income-producing handoff from day one.

Whether maintained as two individual rentals or combined into one luxury estate experience, this property delivers an unbeatable combination of prime location, established performance, and future growth potential: a rare find across from one of Arizona’s most beloved vineyards.

Upgraded Energy Efficiencies
NO HOA

Investment highlights

An unparalleled opportunity to own a turnkey short-term rental directly across the street from the iconic Merkin Vineyard, one of Arizona’s most recognized destinations. This exceptional property includes both the Pool House and Main House, each with proven performance and a strong guest appeal.

With less than a full year in operation, both homes have already demonstrated impressive demand. Currently listed separately, they also offer the flexibility to book the entire estate, creating a premium experience for larger groups and events.

The upside potential is significant, with room to increase both occupancy and nightly rates. The current owner self-manages, leaving untapped opportunities for professional management, enhanced marketing, dynamic pricing, or elevated guest services to further boost returns.

This fully furnished, ready-to-operate investment includes all decor, on-hand supplies, and future bookings available to transfer at closing. With its unbeatable location, established revenue stream, and space to grow, this property offers a rare blend of lifestyle, luxury, and lasting value in the heart of Verde Valley wine country.

Listing Contacts

Realty ONE Group
Listed by Realty ONE Group

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$125,706.00
$10,475.50/mo

Valuation Metrics

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DSCR
8.38%
Cap Rate
8.38%
ROI

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