Address
858 E White Mountain Boulevard, Pinetop-Lakeside, AZ
Price
$ 2,200,000
Property Attributes
  • MLS#6690145
  • TypeMulti-Family
  • CountyNAVAJO
  • CityPinetop-Lakeside
  • Zip85929
  • StyleMultiple Dwellings
  • Year Built1976
  • Taxes$ 4474
  • Price$ 2,200,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
Data Source:
Arizona Regional MLS (ARMLSN)
Property Description

Seller Carry offering on this totally renovated 15 unit motel with 2000 ft of flex commercial space up front. Projections for this mid-scale complex show a knowledgable owner operator should be able to grow the business to gross over $450k annually. The entire motel was taken down to the studs and completely redone in 2022. Everything is new, Electric new 400 amp SES main panel installed with underground feed. All new plumbing, new AC units to each room, spray foam insulation, new windows, new front dutch doors for each room, new Laundry room with 4 new full size stackable units and two new water heaters with new recirculation-pump.

Price History
4/11/2024 Listed $2,200,000

General Features

Sewer Public Sewer
Heating Electric,Natural Gas
Cooling Electric
Roof Metal
Zoning c-1
Construction Materials Painted,Frame - Wood
Year Built 1976
Electric Other (See Remarks)
Tenant Pays See Remarks
Tax Year 2023
Percent Ownership Fee Simple
Gross Income 204000.0
OwnerPays Other,Gas,Electricity,Trash Collection,Water,Sewer,Landscaping
Community Features Other
County Navajo
Net Operating Income 171600.0
Operating Expense 46114.0
Property Type Multiple Dwellings
Attached Garage No
Garage Y/N No
Status Active
Directions Property is on North side of White mountain blvd (260) between woodland rd and rim road.
City Pinetop-Lakeside
Buyer Agent Compensation 2.50
Disclosures Seller Prop Disc Stm
View Y/N No
High School District Blue Ridge Unified District
Open Parking Spaces 30.0
Total Units 15
Lot Size Square Feet 0.0
Carport Y/N No
Street Name White Mountain
Tax Annual Amount 4474.0
Electric Expense 6000.0
Current Financing Assume - Qualify
Fuel Expense 2000.0
Trash Expense 2800.0
Water Sewer Expense 3600.0
Lease Renewal Y/N No
Additional Parcels Y/N No
Lease Considered Y/N No
Rent Control Y/N No
Days on Market 16
Standard Status Active
Elementary School District Blue Ridge Unified District
Tax Lot c
Cap Rate 7.8
MobileHomeRemainsYN No
Buyer Agent Compensation Type %
New_sp_Financing_co_Conventional5 True
Ownership Fee Simple
Existing_sp_1st_sp_Ln_sp_Trms_co_Assume_sp__hyphen__sp_Qualify True
Senior Community No

Interior Features

Flooring Vinyl
Air Conditioning Y/N Yes
Heating Y/N Yes
Street Suffix Boulevard
Electric On Property Y/N No

Exterior Features

Parking Features Other (See Remarks),Free
Water Source City Franchise
Total Parking 30.0
Lot Size Area 0.0
Number of Buildings 1
Spa No
Lot Dimensions 120 x 200
Lot Size Acres 0.0
Road Surface Type Asphalt
Covered Spaces 0.0
Crops Included Y/N No
Open Parking Y/N No
Irrigation Water Rights Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 85929

Price
AVG $2.2M
$2.2M
Taxes
AVG $4,474
$4,474
Visits
AVG 28
27
Data Provided by Inside Real Estate®
Year Built
AVG 1976
1976

Looking for a more comfortable experience?

Download our mobile app for a personalized browsing experience.

Areas We Cover