427 N 15TH Street Cottonwood, AZ $ 1,195,000
427 N 15TH Street
$ 1,195,000
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427 N 15TH Street

Cottonwood, AZ, 86326
$ 1,195,000
Bedrooms1 Baths0.0

Monthly Estimate*

$ 7,545

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Multi-Family Home for sale in Cottonwood, AZ

for $1,195,000 with 1 bedroom. This home was built in 1975.

Located in the heart of Cottonwood, this quiet and well-kept RV park offers a unique investment opportunity with 10 RV spaces currently occupied by long-term residents, providing immediate in-place income and future upside. All RV space leases are month-to-month, creating an excellent opportunity for a new owner to increase rents over time. The property also includes a one-bedroom single-family home, currently leased to a sober living organization for $1,200 per month, but it would also make an ideal owner's residence or manager's home.IMPORTANT TO READ THE SUPPLIMENTAL SECTION! The property shows pride of ownership and features attractive touches throughout, including mature landscaping, shade trees, white picket fencing, and a neat, welcoming atmosphere. The single-family home appears nicely maintained with a bright interior, updated finishes, a charming dining nook, and an attractive bathroom. Residents also enjoy a common laundry room with coin-operated machines as well as a community BBQ area, adding convenience and appeal for tenants. The park is very quiet and offers a comfortable setting for long-term occupancy. Cottonwood is one of the Verde Valley's most desirable communities, known for its small-town charm, beautiful scenery, and strong tourism draw. The property is ideally situated between Jerome, Sedona, and Camp Verde, placing it near some of Northern Arizona's most popular attractions. Nearby highlights include Old Town Cottonwood, with its shops, restaurants, tasting rooms, and local events, as well as Tuzigoot National Monument, Dead Horse Ranch State Park, the Verde River, hiking and biking trails, wine country destinations, and countless outdoor recreation opportunities. This central location makes the property appealing for both residents and investors looking to benefit from the continued popularity of the Verde Valley. Buyer to verify all facts, figures, measurements, rents, lease terms, zoning, and any other material information. Cottonwood is located in the heart of Arizona's scenic Verde Valley, along the Verde River and between the communities of Sedona, Jerome, Clarkdale and Camp Verde. With an estimated 2025 population of approximately **12,700 residents**, Cottonwood combines the convenience of a regional commercial center with the relaxed character of a smaller Arizona community. Its elevation of roughly 3,300 to 3,900 feet provides a generally milder climate than the Phoenix metropolitan area. ### Major Employers and Economic Base Cottonwood serves as an employment, healthcare, retail and service hub for much of the Verde Valley. Major employment sectors include: * Healthcare and medical services, led by **Verde Valley Medical Center and Northern Arizona Healthcare** * Public education, including the **Cottonwood-Oak Creek School District** and **Mingus Union High School District** * Municipal and government services through the **City of Cottonwood** * Retail and consumer services, including major employers such as **Walmart, Home Depot, Fry's Food Stores, Safeway and Food City** * Hospitality, restaurants, wineries, tourism and recreation-related businesses The city actively supports business attraction, expansion, redevelopment and tourism-related economic development. ([Cottonwood AZ][2]) ### Tourism and Area Attractions Cottonwood is widely recognized as the **heart of the Verde Valley wine region**. Historic Old Town Cottonwood features a walkable Main Street lined with tasting rooms, restaurants, cafés, boutiques, antique stores, galleries and locally owned businesses. The Verde Valley Wine Trail connects Cottonwood with numerous nearby wineries, vineyards and tasting destinations. ([Old Town Cottonwood][3]) Nearby attractions include: **Sedona:** A convenient drive from Cottonwood, Sedona is internationally known for its red-rock scenery, art galleries, Jeep tours and more than 300 miles of hiking and biking trails. ([Visit Sedona][4]) **Jerome:** The historic hillside mining town of Jerome overlooks Cottonwood and the Verde Valley. Today, it is a popular visitor destination featuring historic buildings, museums, galleries, restaurants, specialty shops and sweeping valley views. ([Visit Arizona][5]) **Tuzigoot National Monument:** Located just outside Cottonwood, Tuzigoot preserves a historic 110-room hilltop pueblo built by the Sinagua people approximately 1,000 years ago. Visitors can explore the pueblo, museum and trails overlooking Tavasci Marsh and the Verde Valley. ([National Park Service][6]) **Dead Horse Ranch State Park:** Located in Cottonwood, this popular state park offers camping, fishing, kayaking, birdwatching, mountain biking and more than 20 miles of shared-use trails through high-desert and Verde River environments. ([Arizona State Parks][7]) **Verde River and Verde River Greenway:** The Verde River provides opportunities for paddling, fishing, wildlife viewing and scenic walks beneath mature cottonwood and sycamore trees. The Jail Trail River Walk begins near Old Town and follows a scenic 1.6-mile loop beside the river. ([Cottonwood AZ][8]) ### Recreation and Quality of Life Outdoor recreation is a major part of the Cottonwood lifestyle. Residents and visitors enjoy hiking, mountain biking, horseback riding, fishing, kayaking, birdwatching, stargazing and exploring nearby state and national parks. The Lime Kiln Trail also connects the Cottonwood area with Red Rock State Park near Sedona, providing a scenic regional trail route through the Verde Valley. ([Arizona State Parks][9]) With its central Verde Valley location, regional healthcare and shopping, historic downtown, expanding wine and tourism industries, and close proximity to Sedona, Jerome, Tuzigoot National Monument and extensive outdoor recreation, Cottonwood offers an attractive combination of small-town character, natural beauty and regional accessibility.

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Multi-Family Active

Price

$ 1,195,000

Bedrooms

1

Property Type

Multi-Family

Taxes

$ 1,007

Style

Multiple Dwellings

Year Built

1975

Town/City

Cottonwood

County/Region

Yavapai

MLS | Web ID

7060711

Features
General
Sewer Public Sewer
Heating Individual Heat Pump
Cooling Ceiling Fan(s) Heat Pump
Roof Composition
Zoning R-4
Security Features Security Light(s)
Construction Materials Wood Frame Painted
Year Built 1975
Electric APS Submetered System Individual Meter
Township 14
Tax Year 2025
Ownership Fee Simple Fee Simple
Gross Income 94825.08
Community Features Barbecue No Pool
County Yavapai
Net Operating Income 69944.0
Operating Expense 21375.0
Insurance Expense 3000.0
New Construction N
Property Type Multiple Dwellings
Attached Garage N
MaintenanceExpense 4320.0
Subdivision Name SCOTTS ADD
Garage Y/N N
Status Active
Directions Conveniently located near the center of Cottonwood. From Main Street and Mingus Avenue travel east on Mingus Avenue turn left onto North 15th Street and continue to the property at 427 N 15th Street.
City Cottonwood
Disclosures Seller Prop Disc Stm APOD/Backup Avaible Sch of Personal Prop
High School District Mingus Union High School District
Open Parking Spaces 10.0
Number Of Units Total 8
Carport Y/N N
Tax Annual Amount 1007.0
Electric Expense 150.0
Fuel Expense 193.0
Trash Expense 1200.0
Water Sewer Expense 3000.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Virtual Tour https://tours.arizonarealtours.com/2398216?idx=1
Standard Status Active
Occupancy Type Tenant
Elementary School District Cottonwood-Oak Creek Elementary District
Tax Lot 4
Cap Rate 5.85
New Financing: Conventional True
Senior Community N
New Financing: Cash True
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Exterior
Exterior Amenities Rain Gutters
Parking Features RV Access/Parking Free
Water Source City Franchise
Total Parking 10.0
Number of Buildings 2
Spa N
Lot Dimensions rectangular
Road Surface Type Asphalt
Covered Spaces 0.0
Crops Included Y/N N
Irrigation Water Rights Y/N N
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Interior
Flooring Ceramic Tile Wood Concrete
Air Conditioning Y/N Y
Heating Y/N Y
Total Bedrooms 1
Total Baths 1
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Internal Only
Street Number 1 427
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* Excluded Features
List By
Gerchick Real Estate

Broker

Linda@justsoldit.com

Email

Affordability Calculator

$7,629
Per Month
99%
1%
0%
Monthly Principal & Interest
$7,545
Monthly Property Taxes
$84
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4326966 Elementary School
4327112 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
7/31/2026$1,195,000 Listed Price

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427 N 15TH Street, Cottonwood, AZ, 86326 is a Multi-Family Home for sale at $1,195,000. 427 N 15TH Street has 1 bedrooms, 0.0 baths, and was built in 1975. The property's zip code is 86326 which is in Cottonwood, AZ