Charming Historic Cottages in Old Town Cottonwood - Prime Investment Opportunity This unique property is nestled just one block off Main Street in the heart of Old Town Cottonwood, and steps away from the brand-new Hilltop Merkin Vineyard, offering stunning views from the front porch. With Old Town Cottonwood rapidly becoming a hotspot for tourists and wine enthusiasts, this is a rare chance to own in this highly sought-after area. Three Charming Cottages with Current Rental Income • Cottage 1: 350 sq. ft. studio with a full kitchen and bath. • Cottage 2: 430 sq. ft. 1 bed, 1 bath with kitchen. • Cottage 3: 510 sq. ft. 1 bed, 1 bath with kitchen. Each of these delightful cottages showcases the historic charm of the region. All are currently rented, providing an attractive 5% cap rate.
One unit is currently under market rent, offering potential for increased rental income. Redevelopment Potential in a Special Planning Zone For those looking to take full advantage of the booming tourism and wine industry, this property lies within the new "Old Town Special Planning Area," allowing a mix of residential and light commercial uses. With zoning that permits buildings up to 2.5 stories high, the possibilities for redevelopment are vastwhether it be boutique lodging, vacation rentals, or commercial ventures. A Rare Find in Old Town " Current rental income in place. " Prime location near shops, dining, and vineyards. " Investment or redevelopment potential in the rapidly growing Old Town Cottonwood. Don't miss out on this exceptional opportunity to own a piece of Old Town's history while capitalizing on the future growth of the area.