For Sale
$1,500,000

593 White Mountain BlvdPinetop, AZ 85935

High-Demand Pinetop Investment Opportunity

Overview

Added:
Feb 3
Days on market:
63
This exceptional 14-unit property, located at 593 E White Mountain Boulevard in Pinetop, Arizona, presents a lucrative investment opportunity. Boasting 5,000 square feet on a 0.56-acre lot, this established lodge enjoys a prime location on White Mountain Boulevard, a key thoroughfare in this growing tourist destination. Currently 100% occupied, the property offers significant upside potential for long-term rental (LTR) or short-term rental (STR) strategies, though currently configured as LTR. Recent renovations totaling over $150,000 have significantly enhanced the property, including interior upgrades, two new commercial tankless water heaters (installed November 2022), a remodeled laundry room with new washers and dryers, new exterior doors with electronic key code locks, and a new security camera system. The roof was replaced in 2019. The property comprises 11 studio apartments, two one-bedroom, one-bathroom units, and one one-bedroom, one-bathroom house. Built in 1963, the property underwent substantial upgrades between 2021 and 2023. This versatile property is ideal for a variety of uses, including a boutique motel, short-term rentals, a group home, or assisted living facility. The property's strong occupancy rate and prime location in a thriving tourist area make it a compelling investment prospect. The asking price is $1,500,000.

Property Details for 593 White Mountain Blvd

Property type
Square Feet
5,000 SF
Year Built
1963
Lot Size (sq. ft)
24,394 SF

Location Insight

City
Pinetop
County
Navajo
State
Arizona
Latitude
34.13126
Longitude
-109.9478
593 White Mountain Blvd, Pinetop, Arizona

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593 White Mountain Blvd
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