593 E White Mountain Blvd
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593 E White Mountain Blvd
14 Unit Apartment Building $1,500,000 ($107,143/Unit) 6.39% Cap Rate Pinetop, AZ 85935
Executive Summary
Pinetop Lodge 14 Units Pinetop, AZ 100% Occupied Full - Lots of Demand Low Supply Pinetop is a growing and great tourist destination in AZ Interior Renovations and upgrades $150,000 + 2 New Tankless Commercial Water Heaters 11/22 Laundry Room remodel including 2 New Washers 2 New DryersNew Exterior Doors with electronic key code locks New Camera and Security System Roof New in 2019 Prime Location on White Mountain Blvd in Pinetop Excellent Upside potential for all LTR or STR Airbnb / Motel 14 Units 11 Studios Apartments 2 1 Bed 1 Bath Units 1 1 Bed 1 Bath House Lot .562 acres / 24,460 sqft Year : 1963 Upgraded 2021-2023 Note: All units are LTR no Airbnb's per exterior video walk. Uses: Boutique Motel, STR Airbnbs, Group Home, Assisted Living, or LTR as it is now.
Financial Summary (Pro forma - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$159,957
|
$29.43
|
Financial Summary (Pro forma - 2024)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $159,957 |
| Annual Per SF | $29.43 |
Property Facts
| Price | $1,500,000 | Property Subtype | Apartment |
| Price Per Unit | $107,143 | Apartment Style | Low Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 6.39% | Building Size | 5,435 SF |
| No. Units | 14 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1963 |
| Price | $1,500,000 |
| Price Per Unit | $107,143 |
| Sale Type | Investment |
| Cap Rate | 6.39% |
| No. Units | 14 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Building Size | 5,435 SF |
| No. Stories | 1 |
| Year Built | 1963 |
Site Amenities
- Laundry Facilities
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PROPERTY TAXES
| Parcel Number | 311-28-038A | Improvements Assessment | $69,820 (2025) |
| Land Assessment | $21,082 (2025) | Total Assessment | $90,902 (2025) |
PROPERTY TAXES
Parcel Number
311-28-038A
Land Assessment
$21,082 (2025)
Improvements Assessment
$69,820 (2025)
Total Assessment
$90,902 (2025)
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593 E White Mountain Blvd
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