593 White Mtn Blvd Pinetop, AZ 85935

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.