Rare opportunity in the heart of Old Town Cottonwood! This versatile property features a 3-bedroom, 1-bathroom main home and a separate 2-bedroom, 1-bathroom guest house. The 864 sq. Ft. Guest house is a proven AirBnB ''Guest Favorite'' with an impressive 4.96 average rating. Zoned CR (Commercial Residential), this 0.37-acre lot in the Hopkins Ranch subdivision offers endless potential. You are perfectly positioned just a 5-minute walk from the premier shops, dining, and hiking trails of the Old Town Cottonwood District. Whether you are looking for a multi-generational setup or a high-yield investment in a top Arizona tourism hub, this historic property delivers. Both units feature coded entry for easy access. The 5 star consistently booked short term rental is turn key- fully furnished.