2391 Penrod LnPinetop-Lakeside, AZ 85935

Property Details for 2391 Penrod Ln

Year built

1979

Property size (Sq ft)

3,900 SF

Property type

Hospitality properties

Property subtype

Multifamily properties

Description

This exceptional investment opportunity presents a six-unit (five-cabin) vacation rental property nestled on a 3+ acre hillside lot in picturesque Pinetop-Lakeside, Arizona. The property, built in 1979, boasts 3,900 square feet of rentable space across five buildings, with unit sizes ranging from 500 to 750 square feet. The cabins offer a mix of configurations, including four two-bedroom/one-bathroom units, one two-bedroom/two-bathroom unit, and one one-bedroom/one-bathroom unit. Many feature wraparound decks or large patios, and one even includes a private hot tub. Conveniently located just half a mile from Highway 260, the property enjoys proximity to local amenities such as Charlie Clark's Steakhouse and other dining options. The property's prime location offers easy access to outdoor recreation, including hiking trails, lakes, and nearby ski resorts. Currently operating as a successful short-term vacation rental, over 50% of bookings are generated through the property's website, with gross rents totaling $127,971 through August 20th (49.5% via Airbnb, 50.5% via the property website). An on-site manager is in place, ensuring a smooth transition for new ownership. The property's significant recent upgrades include plumbing, heating, and electrical systems. This presents a unique opportunity for investors seeking a turnkey operation with strong cash flow potential, or a combination of income generation and personal use. The asking price is $1,550,000. APN: 311-44-021 & 311-44-027.

Location Insight

City

Pinetop-Lakeside

County

Navajo

State

Arizona

Latitude

34.1192

Longitude

-109.933

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