$2,200,000
Pinetop, AZ 85935
MLS# 6684437
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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.
Details
Maps
Contract Info
Current Price: $2,200,000
List Price: $2,200,000
Status: Active
List Date: 2024-03-29
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
House Number: 858
Compass: E
Street Name: WHITE MOUNTAIN
St Suffix: Boulevard
City/Town Code: Pinetop
State/Province: AZ
Zip Code: 85935
Zip4: 7002
Country: USA
County Code: Navajo
Legal Description (Abbrev): PINETOP HILLS #1: LOT C-6........EXCEPT NWLY 79' (AS MEASURED PER PENDICULAR TO NWLY LINE)
Subdivision: PINETOP HILLS UNIT 1
Assessor's Map #: 29
Assessor's Parcel #: 26
Assessor Parcel Ltr: F
Add'l Parcels: No
Assessor Number: 311-29-026-F
Census Tract: 965300
Legal: PINETOP HILLS #1: LOT C-6........EXCEPT NWLY 79' (AS MEASURED PER PENDICULAR TO NWLY LINE)
Tax Municipality: Pinetop-Lakeside
Taxes: 4474
Tax Year: 2023
General Property Description
Ttl Apx SqFt Bldg: 6334
# of Buildings: 1
Year Built: 1976
Uncvrd Parking Spcs: 30
Zoning: C-1
Remarks & Misc
Cross Street: White Mountain Blvd & Rim Rd
Directions: Property is on North side of White mountain blvd (260) between woodland rd and rim road.
Geo Lat: 34.128148
Geo Lon: -109.944395
Status Change Info
Status Change Date: 2024-03-29
Legal Info
Lot Number: C
Income & Expenses
Owner Association: No
Gross Annual Sch Inc: 180000
Adjusted Gross Inc: 180000
Net Operating Income: 140000
Pmt & Rate Info
Cap Rate: 6.36
Equity: 2200000
Showing Notification Methods
Showing Service: Aligned Showings
Property Features
Building Type: Commercial
Current Use: Mixed Use; Retail; See Remarks
Stories: 1 Story
Construction: Frame - Wood
Roofing: Metal
Floors: Vinyl
Ceiling Height: 10.1 Feet to 12 Feet
Heating: Natural Gas
Cooling: Heat Pump
Loading Facilities: None
Interior: Finished
Fencing: Block; Security
Parking: Fenced
Electric: City Electric; Underground; Other (See Remarks)
Gas: Unisource
Water: See Remarks
Sewer: Sewer - Public
New Financing: Owner May Carry; Lease Option/Purchse
Lockbox Type: None
Special: Owner/Agent
Source of Fincl Data: Provided by Owner
Existing 1st Ln Type: Fixed
Existing 1st Ln Trms: Assume-Qualify
Existing 2nd Ln Type: Fixed
Reports/Disclosures: Seller Prop Disc Stm
Environmental: None
Listing Office: Gentry Real Estate
Last Updated: March - 30 - 2024
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