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22506522
22506521

285 Old Hwy 188, Tonto Basin, AZ 85553

GA
AZ BR627564000
Realty ONE Group
Listed by Realty ONE Group
$480,000
437 days on market
Updated 33 days ago

Punkin Center Lodge

Details
Property Type Hospitality, Retail
Sub Type Hotel
Square Footage 13,262
Net Rentable (SqFt) 7,670
Acreage 0.250

Hospitality

Marketing description

Pumpkin Center Lodge - Tonto Basin's only lodging property. Exceptional investment opportunity with 10.96% cap rate on $60,256.64 NOI. Property sits on over 1 acre directly adjacent to the historic Pumpkin Center Bar (100+ year community landmark, also for sale by same owners). 13 total units in 2 buildings: single-story building with 5 units at approximately 335 sq ft each, and larger building with 8 efficiency suites at approximately 505 sq ft each featuring kitchenettes and refrigerators. All units have brand new air conditioning. On-site property manager included. Strong upside potential - property has never been marketed on Airbnb or VRBO. Opportunity to significantly increase short-term rental income or convert units to long-term leases. Beloved by local anglers and outdoor enthusiasts. Ample parking for cars, boats, and RVs. Back patio with barbecues. Turnkey operation in prime Tonto Basin location near Roosevelt Lake with year-round demand and no competing lodging nearby.

Contact the listing agent for more details and to schedule a private showing and review the financials.

Listing Contacts

GA
AZ BR627564000
Realty ONE Group
Listed by Realty ONE Group

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