Ever wanted to own a summer home in the higher elevations that pays for itself? Maybe you're a fan of largely hands-off passive real estate income. Or in search of a full-time residence that produces significant residual income. No matter your hot buttons, this might well be the place you've been looking for. Heritage Inn represents a unique opportunity for the entrepreneur, corporation, savvy investor, or snow bird. With a 3 bedroom, 3.5 bath historic home surrounded by 9 additional, external suites, the Heritage Inn is a highly profitable boutique inn. The inn's blend of high-tech operations and high-value amenities makes it unique in the hospitality industry and as close to a hands-off operation as possible. The inn was completely remodeled in 2022 and absolutely every fixture and piece of furniture in the entire property is brand new. More than 35% more rentable space was added to the base operation. The owners also added a new Guest Lounge/Continental Breakfast room. In 2022, during renovation with as much as half the inn shut down at any one time, the business maintained overall profitability. The full-scale renovation was completed in February of 2023 and the sales are ramping quickly. The Heritage Inn is located in the White Mountain region of AZ in the historic town of Snowflake. Snowflake is surrounded by multiple national parks and a year-round calendar of local and regional events. It is also the perfect stop off point for those traveling from the Phoenix or Tucson valleys to New Mexico, Colorado, or Utah. With an average temperature that is roughly 20 degrees cooler than the Phoenix/Tucson valleys, the White Mountains are a perfect combination of weather, scenery, lifestyle, and activities. Whether as a summer escape, a prosperous business, or full-time residence, come fall in love with the Heritage Inn, Snowflake, and the White Mountains region of northern Arizona.
IDX Information provided courtesy of the Central Arizona MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data is deemed reliable, but is not guaranteed accurate by the MLS. Updated: 5th December, 2023 5:40 PM (UTC)