Garden-Level Two-Bedroom Condo with Covered
For Sale
$250,000
950 E Mingus Avenue 412, Cottonwood, AZ 86326
Garden-level corner condo in a gated community with a covered patio and HOA-provided water, trash, roof, and exterior services.
Days on Market9
Property Features for 950 E Mingus Avenue 412
General Information
Standard status
Active
Total Parking Spaces
1
Property subtype
Apartment
Units
Unit Mix
1 x 2BR/2BA
Multifamily Units
1
Amenities
community gym
pool
gas fireplace
covered patio
stackable washer & dryer
Building Details
Building Size
982 SF
Year Built
2000
Listing Agency:
Moonlight Property Ventures
(602) 686-3181
Listed By:
Shannon N Klinge · License #BR648700000
(602) 686-3181
Source:
Adobegr
Added: Jul 23
Changed: Jul 31
Last Checked: Jul 31 at 3:40AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Moonlight Property Ventures
Investment Insights
Based on property information with market context.
Located at 950 E Mingus Avenue, Unit 412 in Cottonwood, AZ, this garden-level two-bedroom, two-bath condo is in a gated community and set up as a private corner unit with a covered patio. The layout features a split-master design with many extra closets, and the home shares only one common wall. Bathrooms and vanities are described as having been updated, and the unit includes all four kitchen appliances, plus a unit stackable washer and dryer.
Recent comfort upgrades include a newer AC system and a newer hot water heater. The home also offers fans where it counts and includes a gas fireplace for added warmth, with updated lighting and neutral paint tones.
Residents have access to a community gym and pool across the street, and the exterior has just been painted. The HOA covers water, trash, roof, exterior insurance, landscape, and maintenance. Built in 2000, the location is described as walkable to parks, the library, the post office, cafes, trails, and a rec center.
Recent comfort upgrades include a newer AC system and a newer hot water heater. The home also offers fans where it counts and includes a gas fireplace for added warmth, with updated lighting and neutral paint tones.
Residents have access to a community gym and pool across the street, and the exterior has just been painted. The HOA covers water, trash, roof, exterior insurance, landscape, and maintenance. Built in 2000, the location is described as walkable to parks, the library, the post office, cafes, trails, and a rec center.
Key Highlights
- Private corner, garden‑level condo in a gated community with covered patio
- Only 1 common wall and split‑master layout with many extra closets
- All 4 kitchen appliances included plus unit stackable washer and dryer
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $20.0k | $20.40 |
| − Vacancy | −$1.0k | −$1.02 |
| EGI | $19.0k | $19.38 |
| − OpEx | −$8.6k | −$8.72 |
| NOI | $10.5k | $10.66 |
982 SF · lease $20.40/SF/yr · vacancy 5.00% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$149.5K
$130.8K – $174.5K
NOI $10,467 @ 7.0% cap · market cap 4.19%
Second Best
—
—
no second resolved use
Theoretical Best
Warehouse
$329.0K
$287.9K – $383.8K
NOI $23,028 @ 7.0% cap · market cap 9.21%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
1,061
Businesses Nearby
Explore this area
Business Placement
Demographics for 86326, AZ
24,465
Population
12,243
Households
2
Avg Household Size
49
Median Age
25%
College-Educated
91%
High-School Grad
45.5 sq mi
ZIP Area
538
Density / Sq Mi
$58,250
Median Household Income
$36,479
Median Earnings
$1,102
Median Rent
$312,400
Median Home Value
Market
Properties on Market for Residential income properties in Yavapai County
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Frequently Asked Questions
What type of property is this?
Residential income property - Garden-level corner condo in a gated community with a covered patio and HOA-provided water, trash, roof, and exterior services.
Where is this residential income property located?
The property is located at 950 E Mingus Avenue 412 Cottonwood, AZ.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Private corner, garden‑level condo in a gated community with covered patio; Only 1 common wall and split‑master layout with many extra closets; All 4 kitchen appliances included plus unit stackable washer and dryer
