$1,570,000
Prescott Valley, AZ 86315
MLS# 1069883
Status: Closed
7375 sqft
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Property 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.
Details
Maps
Documents
Contract/Address/Legal
List Price/SqFt: 203
Neighborhood: N/A
Business Op Type: Bus Op w/Real Estate
REO/Short Sale: Not Applicable
Business Type: Other
Zoning: RUC2A
Business Name: Bethany Farm, LLC
Assessor's Book #: 401
Assessor's Map #: 1
Assessor's Parcel #: 189
Assessor Parcel Ltr: A
Legal: A RECTANGULAR PORTION IN THE NW4SE4 OF SECTION THE NW PARCEL CORN ER LYING APPROXIMATELY 661'E FROM THE CENTER OF SAID SECTION AKA PARCEL B PER RECORD OF SURVEY. CONT. 10.03 AC.
General Property Description
Aprx Acres: 10.03
Lot #: 10
Lot Size: 436907
Source of Measuremnt: Owner
Stories: 1
Year Est: 2022
CC & R: No
Total Liveable SqFt: 7375
Year Built: 2016
Remarks & Misc
Autopop: No
Directions: Showing By Appointment Only!!! Contact Karie Engstler Listing Agent to See Today! Interested parties are encouraged to drive by the property, but please do not enter property without Listing Agent. 89A North on Coyote Springs Rd to Plum Creek right (east) to Raya Rd right (south) to Estate on right
Remarks: **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.
Status Change Info
Sold Price/SqFt: 213
Financing: Seller Financing
Under Contract Date: 2025-02-21
Sold Date: 2025-02-28
Sold Price: $1,570,000
Construction
Frame - Wood: 1
Stucco: 1
Cooling
Ceiling Fan(s): 1
Central Air: 1
Other: 1
External Amenities
Fenced: 1
Parking: 1
Rec/Spa Room: 1
St/Hwy Exposure: 1
Heating
Heat Pump: 1
Pellet Stove: 1
Solar: 1
Wall Unit: 1
Possession
At Recordation: 1
Roof
Asphalt Shingle: 1
Bathrooms
Interior: 1
Business Location
Corner Location: 1
Fixed Location: 1
Other - See Remarks: 1
Terms & Conditions
Conventional: 1
Utilities Installed
Electricity: 1
Propane Leased: 1
Sol/Gen/Wnd: 1
Telephone: 1
Water - Private Well: 1
Water Storage Tank: 1
WWT - Septic Conv: 1
Current Use
Hotel/Motel: 1
Other - See Remarks: 1
Internal Amenities
Laundry Room: 1
Living Quarters: 1
Kitchen: 1
Info on File
Appraisal: 1
Balance Sheet: 1
Customer List: 1
Leases: 1
P & L: 1
Sale Includes
Contract(s): 1
Fixtures: 1
Personal Property: 1
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
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
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.
Special Features and Ammenities 
Listing Office: HomeSmart
Last Updated: March - 01 - 2025
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