Great Opportunity to own a multiple building property in Pinetop-Lakeside

Highlights

• 100 %: Occupied
• Price: $650,000
• Price/SF: $98
• Taxes: $5,082
• Square Footage: ±6,630 SF
• Building Area: ±6,630 SF
• Land Area: ±26,386 SF
• Year Built: 1920/1982
• Zoning: C1 – Light Commercial

Description

R.O.I. Properties is excited to offer this amazing investment opportunity located in the beautiful town of Lakeside, Arizona. The property consists of four separate buildings that provide ample opportunities to create diversity on the leasing end. Of the four buildings, you will find a five-unit apartment complex, a retail “consignment” store, a food stand, and a converted carriage house. At 1641 W White Mountain Blvd, you’ll have the opportunity to lease out the property to both residential and commercial tenants. In addition, Pinetop-Lakeside serves as a great vacation town across all four of its seasons, making this property a great Alpine-style retreat with income.

Located on two stories, the apartment complex provides tenants with a plethora of choices for whatever may fit their needs. The unit mix of the 5-unit apartment is as follows: (1) Three bedroom/One Bathroom, (1) Two Bedroom/One Bathroom, (2)One Bedroom/One Bathroom, (1) *Studio. *Studio shares hallway bathroom with taco shack customer bathrooms. The studio has a shower and vanity but no toilet. Lastly, the 1,700 SF retail building is separately leased to a single-tenant along with the food stand.