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Little Pines Motel 858 E White Mountain Blvd 15 Room Hotel Pinetop, AZ 85935 £1,503,460 (£100,231/Room) 7.75% Net Initial Yield
EXECUTIVE SUMMARY
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.
PROPERTY FACTS
| Price | £1,503,460 | Property Size | 6,334 sq ft |
| Price Per Room | £100,231 | No. Rooms | 15 |
| Sale Type | Investment | No. Floors | 1 |
| Yield | 7.75% | Year Built/Renovated | 1976/2022 |
| Property Type | Hospitality | Parking Allocation | 2.21/1,000 sq ft |
| Property Subtype | Hotel | Corridor | Exterior |
| Costar Property Class | B | Opportunity Zone |
Yes
|
| Total Plot Size | 0.52 ac | ||
| Use Class | C-1/MUNICIPAL - Allows the mixed use of short-term or longer term rentals in the motel as well as retail/commercial at the street | ||
| Price | £1,503,460 |
| Price Per Room | £100,231 |
| Sale Type | Investment |
| Yield | 7.75% |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Costar Property Class | B |
| Total Plot Size | 0.52 ac |
| Property Size | 6,334 sq ft |
| No. Rooms | 15 |
| No. Floors | 1 |
| Year Built/Renovated | 1976/2022 |
| Parking Allocation | 2.21/1,000 sq ft |
| Corridor | Exterior |
| Opportunity Zone |
Yes |
| Use Class | C-1/MUNICIPAL - Allows the mixed use of short-term or longer term rentals in the motel as well as retail/commercial at the street |
AMENITIES
- High Speed Internet Access
- Public Access Wi-Fi
- Smoke-Free
ROOM MIX INFORMATION
| DESCRIPTION | NO. ROOMS | DAILY RATE | sq ft |
|---|---|---|---|
| Guest Room | 15 | £56.41 | - |
1 1
PROPERTY TAXES
| Parcel Number | 311-29-026F | Improvements Assessment | £438,645 |
| Land Assessment | £78,651 | Total Assessment | £517,296 |
PROPERTY TAXES
Parcel Number
311-29-026F
Land Assessment
£78,651
Improvements Assessment
£438,645
Total Assessment
£517,296
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Little Pines Motel | 858 E White Mountain Blvd
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