$479,900
Payson, AZ 85541
MLS# 89718
2851 sqft
1 / 6
Property Description
Single lev. l 5 unit building. 2 studio units, 2 2 bedroom 1 bath units and 1 1 bedroom 1 bath Monthly Gross Rents $3925
Details
Maps
Documents
Contract Information
Property Sub-Type: Other
List Price: $479,900
Current Price: $479,900
List Price/SqFt: 168.32
List Date: 2024-02-05
List Type: Exclusive ARS
Foreclosure: No
Location, Tax & Legal
Street #: 118
Direction: W
Street Name: AERO
Suffix: Drive
State: AZ
Zip Code: 85541
Lot #: TH
Area: Payson Southwest
Sub Code: Unsubdivided
County: Gila
Zoning: R3
Taxes: 1622
Tax Year: 2023
Assessor's Book #: 304
Assessor's Map #: 16
Assessor's Parcel #: 239
Assessor's Parcl Ltr: F
APN #: 304-16-239F
HOA: No
Legal Description: Section:09 Township10N COMM INTERSECTIO OF NORTH ROW OF AERO DR AND NWLY ROW MEADOW DR< RIM VIEW ADDITIOM PLAT D< PLAT 92; TH N45D01'36E, 112.50' TO POB; TH N0D26'22W, 81.54'; TH S89D48
General Property Description
Acres: 0.35
Lot Dimensions: 114.51x138.73x82.3x158.18
Number of Units: 5
# Parking Spaces: 8
Apx SqFt: 2851
Year Built: 1962
Building Size: 2851
Land Size: 0.35
Warranty Program: Yes
Remarks & Misc
Directions: West on Aero from Hwy 87 first property on the right behind Speedway
Public Remarks: Single lev. l 5 unit building. 2 studio units, 2 2 bedroom 1 bath units and 1 1 bedroom 1 bath
Monthly Gross Rents $3925
Status Change Info
Status: Active
Income/Sales Info
Net Operating Income: 31,000 - 40,999
Cap Rate: 5 - 7.9%
Down Payment: Submit
Loan Info
1st Assumable: Yes
Accelerate: No
Must Qualify: Yes
Cash to Assume: 336900
Ttl Pmt after Assmpt: 1285
Type of Loan: Balloon
Lender: Private
1st Mortgage Balance: 163000
1st Interest Rate: 5
1st Due Date: 2032-12-01
Floor Covering
N/A - Other: Luxury Plank
Property Features
Location: Borders Undev Land
Type/Style: Single Level
Lot/Street Improvem.: Blacktop Street
Construction: Wood Frame; Brick
Siding: Wood
Roof: Asphalt/Comp Shingle
Property Features: Chain Link; Partially Fenced
Interior Features: Refrigerator; Range/Oven; Smoke Detector
Floor Type: Slab
Floor Covering: Carpeting; Tile; Vinyl
Cooling: Individual A/C
Heating: Forced Air
Utilties Available: Electricity; Propane Piped; Town of Payson Water; Sewer Hooked In; Individual Meter
Possession: At Close of Escrow
Included In Rent: Water; Sewer; Trash
Owner May Sell/Terms: Cash; Submit
Leases: Month to Month; 6 Month - 1 Year
Existing Finance Fee: Private
Management: Owner/Family
SPDS 
Listing Office: LISA CANAVIER OFFICE
Last Updated: April - 22 - 2024
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