7635 Riverside Avenue, Holbrook, AZ 86025
$550,000
Property Type:
Multiple Dwellings
Status:
Active
Current Price:
$550,000
Last Modified:
11/21/2023
Description
Unlock the Potential of a Historic Gem! Presenting the Painted Desert Motel, nestled off the iconic Historic Route 66. This vintage marvel is primed for a spectacular rebirth with a full remodel. Thousands of travelers and truckers pass by the highly visible Painted Desert Motel daily. Once resurrected and fully operational this motel would be the closet motel to the Petrified Forest National Park.
Steeped in the rich history, the original bricks stand testament to its enduring quality. Beyond its weathered facade lies the promise of a spectacular transformation. Imagine the fusion of heritage and modernity, an enchanting blend that this property eagerly awaits.
The 14 room Painted Desert Motel beckons visionaries and investors seeking to revive a piece of American history.
More Information MLS# 6632651
Contract Info
Current Price: $550,000
List Price: $550,000
Status: Active
List Date: 2023-11-20
Ownership: Fee Simple
Buyer/Broker: Y
Buyer Broker $/%: %
Location, Tax & Legal
House Number: 7635
Street Name: Riverside
St Suffix: Avenue
City/Town Code: Holbrook
State/Province: AZ
Zip Code: 86025
Country: USA
County Code: Yavapai
Assessor's Map #: 31
Assessor's Parcel #: 14
Add'l Parcels: No
Assessor Number: 105-31-014
Legal: ARIZ RANCHO #41 LOT 14
Tax Municipality: Navajo - COUNTY
Taxes: 681
Tax Year: 2023
Marketing Name: Painted Desert Motel
General Property Description
Lot Size Dimensions: 46,307
Year Built: 1964
Uncvrd Parking Spcs: 18
Total # of Units: 14
# of Buildings: 2
Zoning: C-R
Elementary School District: Holbrook Unified District
High School District: Holbrook Unified District
Remarks & Misc
Directions: Directly off of Route 66. Take exit 294 to Sun Valley road and head south. Take first left onto Riverside ave and hotel is slightly down the road and the parking lot will be on your right.
Geo Lat: 34.979698
Geo Lon: -110.055171
Status Change Info
Status Change Date: 2023-11-20
Legal Info
Township: 105
Section: 31
Lot Number: 014
Income & Expenses
Owner Association: No
Operating Exp: 681
Gross Annual Sch Inc: 134400
Vacancy Allowance: 5
Adjusted Gross Inc: 537600
Pmt & Rate Info
Down Payment %: 100
Equity: 550000
Showing Notification Methods
Showing Service: ShowingTime
Efficiency Units
# Efficiency Units: 14
Avg Rent: 800
Avg SqFt: 360
Property Features
Project Type: 13 - 24 Units
Other Type: Hotel/Motel
Construction: Brick
Const - Finish: Painted
Roofing: Comp Shingle
Floors: Concrete
Sale Includes: Land & Building
Community Amenities: No Pool
Appliances Included: None
Heating: Other
Cooling: Other
Water: City Franchise
Sewer: Septic in & Cnctd
Electric: Individual Meter
Gas: Other (See Remarks)
Parking: Other (See Remarks)
Roads/Streets: Gravel
Owner Pays: See Remarks
Tenant Pays: Other (See Remarks)
Source of Fincl Data: Provided by Owner
Lockbox Type: None
Existing 1st Loan: Treat as Free&Clear
New Financing: Other (See Remarks)
Reports/Disclosures: Other (See Remarks)
Environmental: None
Listing Office: eXp Realty
Last Updated: November - 21 - 2023
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