10450 N Raya Road, Prescott Valley, AZ 86315

$1,570,000
Property Type: Business Opportunity Square Footage: 7,375 Lot Size (sq. ft.): 436,907 Status: Closed
Current Price: $1,570,000 List Date: 1/15/2025 Last Modified: 3/01/2025

Description

**Investment Opportunity: Bethany Farm Rental Compound in Prescott Valley, Arizona** This exclusive investment opportunity presents the chance to own a farm living property with key turn rentals in place. Nestled adjacent to the Mingas Mountains, the compound features a larger Gathering House which could be a personal summer home, a two-bedroom, two-bathroom secondary residence, a cottage, and seven cozy casitas on a ten-acre serene retreat. Residents can enjoy the tranquility of the open plains while simultaneously managing an active retirement business. Alternatively, the property's versatility lends itself to various potential uses, including a wedding destination resort, family reunion lodge, wellness center, and beyond.

Supplements: Prescott National Forest and State Trust Land offer ample opportunities for recreational activities such as riding, hiking, biking, and off-roading. Residents can unwind by the fire pit under the starlit sky, engage in pickle ball on the on-site court, use the Pool Game Room insight gym. Conveniently located just a twenty-minute drive from Prescott Valley amenities, Bethany Farm provides a rejuvenating escape from the hustle and bustle of everyday life. **Stable Income:** The property is fully occupied, ensuring a consistent cash flow from the outset. With all units leased, you can anticipate reliable monthly income without the challenges associated with vacancies. **Tenant Profile:** The current tenant base comprises reliable, vetted occupants (traveling nurses) underscoring the property's appeal and management acumen. **Farms Rentals:** The total rentable space encompasses a total of 8,276 square feet, with further details available in the attached document. **Value-Added Potential**: While the property is already performing exceptionally well, there is still room for value enhancement. Consider implementing minor upgrades or rent optimizations to further boost profitability and property appreciation. **Low Maintenance**: With satisfied tenants and well-maintained units, you will experience minimal operational headaches. Enjoy passive income with peace of mind, knowing that your investment is in good hands. **Convenient Location**: Bethany Farm is conveniently located within less than a 2-hour drive from Sky Harbor Airport and downtown Flagstaff. It is also a shorter drive to the charming town of Jerome and the breathtaking Red Rocks of Sedona. **Investment Opportunity**: Don't miss out on this chance to own a fully occupied 10 unit property with exceptional income potential and value-added opportunities. Act now to seize this golden investment opportunity and start reaping the rewards of passive income and long-term wealth accumulation.

More Information MLS# 1069883

ContractAddressLegal

Original List Price: 1495000 Listing Date: 2025-01-15 Status: Closed Listing Price: 1495000 Street #: 10450 Direction: N Street Name: Raya St Suffix: Road City/Township: Prescott Valley State: AZ Zip Code: 86315 Subdivision: None County: Yavapai Tax Parcel: 401-01-189A

General Property Description

Lot #: 10 Lot Size: 436907 Aprx Acres: 10.03 Total Liveable SqFt: 7375 Source of Measuremnt: Owner Stories: 1 Year Built: 2016 Year Est: 2022 CC & R: No

Status Change Info

Under Contract Date: 2025-02-21 Sold Date: 2025-02-28 Sold Price: $1,570,000 Sold Price/SqFt: 213 Financing: Seller Financing

Property Features

Bathrooms: Interior Construction: Frame - Wood; Stucco Current Use: Hotel/Motel; Other - See Remarks External Amenities: Fenced; Parking; Rec/Spa Room; St/Hwy Exposure Internal Amenities: Laundry Room; Living Quarters; Kitchen Heating: Heat Pump; Pellet Stove; Solar; Wall Unit Cooling: Ceiling Fan(s); Central Air; Other Roof: Asphalt Shingle Info on File: Appraisal; Balance Sheet; Customer List; Leases; P & L Utilities Installed: Electricity; Propane Leased; Sol/Gen/Wnd; Telephone; Water - Private Well; Water Storage Tank; WWT - Septic Conv Sale Includes: Contract(s); Fixtures; Personal Property Business Location: Corner Location; Fixed Location; Other - See Remarks Possession: At Recordation

Documents

Listing Office: HomeSmart
Last Updated: March - 01 - 2025
The data relating to real estate for sale on this site comes from the Broker Reciprocity/IDX of Prescott Area Association of REALTORS. Information provided is thought to be reliable but is not guaranteed to be accurate. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.Real estate listings held by brokerage firms other than the website owner, are indicated by detailed information about them such as the name of the listing firms. Copyright© 2020 Prescott Area Association of REALTORS. All rights reserved.
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