593 E White Mountain Boulevard Pinetop, AZ $ 1,500,000
593 E White Mountain Boulevard
$ 1,500,000
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593 E White Mountain Boulevard

Pinetop, AZ, 85935
$ 1,500,000
Baths0.0

Monthly Estimate*

$ 8,984

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Studio

Multi-Family Home for sale in Pinetop, AZ

for $1,500,000. This home was built in 1963.

Discover the potential of Pinetop Lodge in scenic Pinetop, AZ....a prime investment opportunity. Nestled on .562 acres, this fully occupied 14-unit property offers a mix of 11 studios, 2 one-bedroom apartments, and a standalone one-bedroom house. It features $150,000+ in recent upgrades, including new tankless water heaters, remodeled laundry room, secure electronic door locks, a state-of-the-art security system, and a new roof as of 2019. Perfectly located on White Mountain Blvd, this property boasts high demand with low supply in a growing tourist hotspot. Ideal for LTR, with great potential for STR, a boutique motel, or even a group home. Live-in management potential makes it ideal for a retiring couple. A truly unique opportunity to own and grow in the cool

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Multi-Family Active

Price

$ 1,500,000

Bedrooms

Studio

Property Type

Multi-Family

Taxes

$ 5,005

Style

Multiple Dwellings

Year Built

1963

Town/City

Pinetop

County/Region

Navajo

MLS | Web ID

6742203

Features
General
Sewer Public Sewer
Heating Natural Gas
Cooling Ceiling Fan(s)
Roof Composition
Zoning COMML/REAL
Construction Materials Painted Block
Year Built 1963
Electric City Electric
Tenant Pays None
Tax Year 2023
Percent Ownership Fee Simple
Gross Income 153523.8
Community Features Manager Res/Office No Pool
County Navajo
Net Operating Income 95888.0
Operating Expense 5005.0
Property Type Multiple Dwellings
Attached Garage N
Garage Y/N N
Status Active
City Pinetop
Disclosures None
View Y/N N
High School District Blue Ridge Unified District
Open Parking Spaces 14.0
NumberOfUnitsTotal 14
Lot Size Square Feet 0.0
Carport Y/N N
Tax Annual Amount 5005.0
Lease Renewal Y/N N
Additional Parcels Y/N N
Lease Considered Y/N N
Rent Control Y/N N
Days on Market 26
Standard Status Active
Elementary School District Blue Ridge Unified District
Tax Lot C-32
Cap Rate 6.39
New Financing True
Ownership Fee Simple
Senior Community N
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Interior
Flooring Vinyl Wood
Air Conditioning Y/N Y
Heating Y/N Y
Electric On Property Y/N N
Total Baths 0
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Exterior
Parking Features Free
Water Source City Franchise
Total Parking 14.0
Lot Size Area 0.0
Number of Buildings 14
Spa N
Lot Dimensions 200.18X122.50X200.24x122.46
Lot Size Acres 0.0
Road Surface Type Gravel
Covered Spaces 0.0
Crops Included Y/N N
Open Parking Y/N N
Irrigation Water Rights Y/N N
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Internal Only
Street Number 1 593
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* Excluded Features
List By
Homesmart

Broker

timestebanrealtor@gmail.com

Email

Affordability Calculator

$9,401
Per Month
96%
4%
0%
Monthly Principal & Interest
$8,984
Monthly Property Taxes
$417
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 5.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
4327127 Elementary School
4327298 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
8/10/2024$1,500,000 Listed Price

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593 E White Mountain Boulevard, Pinetop, AZ, 85935 is a Multi-Family Home for sale at $1,500,000. 593 E White Mountain Boulevard is a studio with 0.0 baths and was built in 1963. The property's zip code is 85935 which is in Pinetop, AZ