NOT LISTED FOR SALE

123 E Aero Dr Payson, AZ 85541

Payson Area
6 Beds
3 Baths
720 Sq Ft
0.28 Acre Lot

Sale Details

Date Sold: August 31, 2022

Last sale price $275,000 $382 Per Sq Ft

135 Days on Market

About This Home

As of August 2022

GREAT UPSIDE POTENTIAL! BEST PRICED AVAILABLE ON MARKET IN PAYSON. FULL OCCUPANCY! REWARDING CAP RATE. INVESTOR DREAM.LOW UPKEEP W/HIGH RETURN.OR OWNER OCCUPIES ONE AND RENT THE OTHER 2 MOBILE HOMES.EACH HAS 2/1 W/D HOOK UP AND FRIDGE.TENANT PAY WATER, ELECTRIC&GAS.OWNER PAYS SEWER&TRASH.RENT$850/UNIT.DRIVE BY ONLY. VIEWING UPON FULL ACCEPTANCE.
TENANTS RIGHTS. DO NOT DISTURB.MORE? CALL LISTER

Last Agent to Sell the Property

Luin L. Ross

FDR Real Estate License #SA023360000 Listed on: 03/05/2022

Last Buyer's Agent

Marcus Flannigan

eXp Realty License #SA688271000

eXp Realty
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $479

Year Built

  • Built in 1972

Lot Details

  • 0.28

Home Design

  • Wood Frame Construction
  • Composition Roof

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces

Utilities

  • Evaporated cooling system
  • Heating System Uses Natural Gas
  • Heating System Uses Propane

Listing and Financial Details

  • Tenant pays for water
  • The owner pays for trash collection, sewer
  • Tax Lot 29
  • Assessor Parcel Number 304-16-034-D

Community Details

Overview

  • 3 Buildings
  • 3 Units
  • Building Dimensions are 12250SF

Building Details

  • Operating Expense $479
  • Gross Income $30,600

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$479

Year Built

Built in 1972

Lot Details

0.28 Acres

Listing Details

  • Cross Street: HWY 87 & AERO
  • Legal Info Range: 10E
  • Property Type: Multiple Dwellings
  • Zoning: R-3
  • Number Of Buildings: 3
  • Year Built: 1972
  • Tax Year: 2021
  • Road Surface Type: Dirt, Asphalt
  • Tax Parcel Letter: D
  • Special Features: VirtualTour
  • Property Sub Type: MultiFamily

Interior Features

  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WD Hookup: Yes

Exterior Features

  • Disclosures: None
  • Construction Type: Frame - Wood
  • Roof: Composition, Rolled/Hot Mop
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Open Parking Spaces: 6.0
  • Total Parking Spaces: 6.0
  • General Property Description:Uncvrd Parking Spcs: 6.0
  • General Property Description:Total Parking Spcs: 6.0
  • Parking:Free: Yes

Utilities

  • Electric: APS
  • Cooling: Evaporative Cooling
  • Heating: Natural Gas, Propane
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Natural Gas: Yes
  • Heating:Propane: Yes

Condo/Co-op/Association

  • Community Features: No Pool

Association/Amenities

  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Interior Amenities:Unfurnished: Yes

Lot Info

  • Lot Size: 12250SF
  • Additional Parcels: No
  • Parcel #: 304-16-034-D

Multi Family

  • Owner Pays: Trash Collection, Sewer
  • Tenant Pays: Water
  • Number Of Units Total: 3
  • Annual Gross Income: 30600.0
  • Annual Operating Expense: 479.0

Tax Info

  • Tax Annual Amount: 479.0
  • Tax Book Number: 304.00
  • Tax Lot: 29

Ownership History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Name Owned For Owner Type

Purchase Details

Closed on
Mar 13, 2026
Sold by
Bought by

Purchase Details

Listed on
Mar 5, 2022
Closed on
Aug 17, 2022
Sold by
Bought by
Seller's Agent
Luin L. Ross
FDR Real Estate
Buyer's Agent
Marcus Flannigan
eXp Realty
List Price
$299,900
Sold Price
$275,000
Premium/Discount to List
-$24,900
-8.3%
Views
18

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
5.54%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 15, 2018
Closed on
Feb 19, 2019
Sold by
Bought by
Seller's Agent
Bonnie Jo
PAYSON REALTY
Buyer's Agent
Suzy Tubbs
ERA YOUNG REALTY-PAYSON
List Price
$135,000
Sold Price
$108,000
Premium/Discount to List
-$27,000
-20%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
30.51%

Purchase Details

Closed on
Feb 20, 2008
Sold by
Bought by
Source: Public Records

Purchase History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Buyer Sale Price Title Company
$315,000 Pioneer Title
$275,000 Pioneer Title
$108,000 Pioneer Title Agency
$170,000 Pioneer Title
Source: Public Records

Mortgage History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Status Borrower Loan Amount
Previous Owner $300,000
Source: Public Records

Property History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Date Event Price List to Sale Price per Sq Ft Prior Sale
08/31/2022 08/31/22 Sold $275,000 -8.3% $382 / Sq Ft
07/18/2022 07/18/22 Pending -- -- --
03/05/2022 03/05/22 For Sale $299,900 +39.5% $417 / Sq Ft
04/20/2021 04/20/21 Sold $215,000 -14.0% $299 / Sq Ft View Prior Sale
04/16/2021 04/16/21 Pending -- -- --
03/10/2021 03/10/21 For Sale $250,000 +131.5% $347 / Sq Ft
02/26/2019 02/26/19 Sold $108,000 -20.0% $150 / Sq Ft View Prior Sale
02/04/2019 02/04/19 Pending -- -- --
11/15/2018 11/15/18 For Sale $135,000 -- $188 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History

We collect this data history from publicly available records. To have your information removed, we recommend requesting removal directly through your county’s website.

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2026 $564 $9,423 $6,863 $2,560
2025 $564 --
2024 $526 $6,830 $4,351 $2,479
2023 $526 $5,602 $3,650 $1,952
2022 $510 $5,178 $3,650 $1,528
2021 $479 $5,178 $3,650 $1,528
2020 $460 $0 $0 $0
2019 $447 $0 $0 $0
2018 $420 $0 $0 $0
2017 $392 $0 $0 $0
2016 $426 $0 $0 $0
2015 $442 $0 $0 $0
Source: Public Records

Agents Affiliated with this Home

  • Section Image
  • Section Image
  • Section Image
  • Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6364419

Arizona Regional Multiple Listing Service (ARMLS)
Your Personal Tour Guide

Ask me questions while you tour the home.