593 White Mtn BlvdPinetop-Lakeside, AZ 85935

Property Details for 593 White Mtn Blvd

Year built

1963

Construction

STEEL FRAME

Lot size

0.56 AC

Property size (Sq ft)

1,232 SF

Zone code

MUNICIPAL

Property type

Hospitality properties

Property subtype

Motels

APN

311-28-038A

APU

31128038A

Description

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.

Location Insight

City

Pinetop

County

Navajo

State

Arizona

Latitude

34.1313

Longitude

-109.948

CBSA code

43320

CBSA name

SHOW LOW, AZ MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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