$275,000
Payson, AZ 85541
MLS# 90125
1210 sqft
1 / 33
Property Description
Here is a promising investment opportunity! Having long-term tenants already in place provides a stable income stream, and the flexibility of month-to-month leases offers potential for adjustments as needed. The combination of a site-built home and a mobile home on the property gives you diversity in rental options. The site-built home with its open concept and fenced backyard appeals to those looking for a bit more space and privacy, while the mobile home provides an affordable option with its smaller size. Additionally, the presence of outbuildings like the metal garage/shop area and the outbuilding in the smaller backyard adds further value to the property. Given the current state of the rental market, this property seems well positioned to generate consistent income. If you're considering making it your own, there's the opportunity to potentially update or customize the properties to suit your preferences. The site built home has a breezeway when you first enter then it opens to a great room concept. The home offers a 1 bedroom, 1 bathroom plus a laundry area. The livable square footage is 750. The large backyard is fully fenced. The mobile home is a 2-bedroom 1 bath home and is 10 x 46 square feet. It also has an outbuilding plus outside storage. You can park your RV or toys on the property. There is NO HOA! The mobile home's posted address is 207 E. Wade Lane. Don't let this opportunity pass you by. Seller is a licensed Real Estate Broker in the State of Arizona,
Details
Maps
Contract Information
Property Sub-Type: Other
List Price: $275,000
Current Price: $275,000
List Price/SqFt: 227.27
List Date: 2024-04-18
List Type: Exclusive ARS
Foreclosure: No
Location, Tax & Legal
Street #: 209
Direction: E
Street Name: WADE
Suffix: Lane
State: AZ
Zip Code: 85541
Lot #: 46
Area: Payson Southeast
Sub Code: Mogollon Rim Add P5
County: Gila
Zoning: Residential
Taxes: 1066
Tax Year: 2023
Assessor's Book #: 304
Assessor's Map #: 04
Assessor's Parcel #: 092
APN #: 304-04-092
HOA: No
Legal Description: Lot: 46 Section: 03 Township: 10N Range: 10E LOT 46, MOGOLLON RIM ADDITION PLAT FIVE, PLAT 224SW1/4 SEC3 T10N R10E = 0.30 AC
General Property Description
Acres: 0.3
Lot Dimensions: 104.75x125.27x104.75x125.27
Number of Units: 2
# Parking Spaces: 8
Apx SqFt: 1210
Year Built: 1959
Building Size: 185
Land Size: 0.3
Warranty Program: No
Remarks & Misc
Directions: Hwy 87. East on McKamey. East to Ponderosa. North to Wade Lane. East on Wade Lane to property on the right.
Public Remarks: Here is a promising investment opportunity! Having long-term tenants already in place provides a stable income stream, and the flexibility of month-to-month leases offers potential for adjustments as needed. The combination of a site-built home and a mobile home on the property gives you diversity in rental options. The site-built home with its open concept and fenced backyard appeals to those looking for a bit more space and privacy, while the mobile home provides an affordable option with its smaller size. Additionally, the presence of outbuildings like the metal garage/shop area and the outbuilding in the smaller backyard adds further value to the property. Given the current state of the rental market, this property seems well positioned to generate consistent income. If you're considering making it your own, there's the opportunity to potentially update or customize the properties to suit your preferences. The site built home has a breezeway when you first enter then it opens to a great room concept. The home offers a 1 bedroom, 1 bathroom plus a laundry area. The livable square footage is 750. The large backyard is fully fenced. The mobile home is a 2-bedroom 1 bath home and is 10 x 46 square feet. It also has an outbuilding plus outside storage. You can park your RV or toys on the property. There is NO HOA! The mobile home's posted address is 207 E. Wade Lane. Don't let this opportunity pass you by. Seller is a licensed Real Estate Broker in the State of Arizona,
Status Change Info
Status: Active
Income/Sales Info
Net Operating Income: CLO
Cap Rate: CLO
Down Payment: CLO
Loan Info
1st Assumable: No
Accelerate: No
Must Qualify: Yes
Location
N/A - Other: Payson Town Limits
Property Features
Type/Style: Single Level
Garage/Carport: RV Parking
Lot/Street Improvem.: Blacktop Street
Construction: Wood Frame
Siding: Vinyl; Wood
Roof: Asphalt/Comp Shingle; Rolled
Property Features: Chain Link; Partially Fenced
Exterior Features: Storage/Utility Shed
Interior Features: Master Main Floor; Range/Oven
Floor Type: Wood; Slab
Floor Covering: Carpeting; Vinyl
Cooling: Evaporative
Heating: Forced Air; Electric
Utilties Available: Electricity; Town of Payson Water; Sewer Hooked In; Telephone; Cable TV/Satellite; Internet Hook Up; Trash
Possession: At Close of Escrow
Included In Rent: Sewer
Owner May Sell/Terms: Cash
Documents on Fle: SPDS; Plat Map
Leases: Month to Month
Existing Finance Fee: Free & Clear
Management: Owner/Family
Listing Office: REALTY EXECUTIVES ARIZONA TERRITORY - PAYSON 1
Last Updated: April - 20 - 2024
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All information is deemed reliable but not guaranteed. The listings on this site are displayed courtesy of the IDX program of Central Arizona BOR and may not be the listings of the site owner.