$215,000
SOLD APR 20, 2021

123 E Aero Dr Payson, AZ 85541

-- Bed
-- Bath
720 Sq Ft
0.28 Acres

Recently Sold

$299 Per Sq Ft

14% Below List Price

37 Days on Market

Highlights

  • Evaporated cooling system
  • Central Heating
  • Carpet

About This Home

As of August 2022

TENANT OCCUPIED! Investors dream! Located in Payson. There are three units in total are rented for a total of $2102 per month. Each unit has two bedrooms and one bath, they pay their own water, electric, and gas. Owner has made several improvements to the units in recent years. All tenants have been long term and on month to month leases. Don't let this one get away! Please do not disturb!

Last Agent to Sell the Property

Suzy Tubbs

ERA-Young Realty & Investment License #SA663063000 Listed on: 03/10/2021

Last Buyer's Agent

Luin L. Ross

FDR Real Estate License #SA023360000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $460

Year Built

  • Built in 1970

Home Design

  • Wood Frame Construction
  • Composition Roof
  • Siding

Flooring

  • Carpet
  • Vinyl

Parking

  • 6 Open Parking Spaces
  • 6 Parking Spaces
  • Free Parking

Utilities

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

Listing and Financial Details

  • The owner pays for trash collection, sewer, landscaping
  • Tax Lot 34
  • Assessor Parcel Number 304-16-034-D

Community Details

Overview

  • 3 Buildings
  • 3 Units
  • Building Dimensions are See Plat

Building Details

  • Operating Expense $460
  • Gross Income $2,102
  • Net Operating Income $18,115

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$460

Year Built

Built in 1970

Lot Details

0

Listing Details

  • Cross Street: Highway 87 & Aero Drive
  • Property Type: Multiple Dwellings
  • Zoning: R3
  • Number Of Buildings: 3
  • Ownership: Fee Simple
  • Year Built: 1970
  • Tax Year: 2020
  • Directions: Highway 87 to Aero turn East to sign on the right
  • Road Surface Type: Asphalt
  • Tax Parcel Letter: D
  • Roofing:Composition: Yes
  • Construction:Wood Frame: Yes
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Carpet, Vinyl
  • Appliances: Free-Standing Range, Refrigerator, W/D Hookup
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:WD Hookup: Yes
  • Appliances Included:Refrigerator2: Yes

Exterior Features

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

Garage/Parking

  • Parking Features: Free
  • Attached Garage: No
  • 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

Utilities

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

Condo/Co-op/Association

  • Community Features: Other, See Remarks

Association/Amenities

  • Interior Amenities:FireSmoke Alarm(s): Yes
  • Interior Amenities:Mini Blinds: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Exterior Amenities:Separate Storage: Yes
  • Interior Amenities:Unfurnished: Yes

Lot Info

  • Lot Size: See Plat
  • Additional Parcels: No
  • Parcel #: 304-16-034-D

Multi Family

  • Owner Pays: Trash Collection, Sewer, Landscaping
  • Number Of Units Total: 3
  • Annual Gross Income: 2102.0
  • Property Net Operating Income: 18115.0
  • Annual Operating Expense: 460.0

Tax Info

  • Tax Annual Amount: 460.0
  • Tax Book Number: 304.00
  • Tax Lot: 34

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
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
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
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 Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2022

    Luin L. Ross

    FDR Real Estate

    (480) 926-3005

    33 Total Sales

    Luin L. Ross
    Section Image

  • M

    Buyer's Agent in 2022

    Marcus Flannigan

    eXp Realty

    (480) 338-2819

    11 Total Sales

    Marcus Flannigan
    Section Image
  • Suzy Tubbs

    Seller's Agent in 2021

    Suzy Tubbs

    ERA-Young Realty & Investment

    (928) 978-3256

    170 Total Sales

    Suzy Tubbs
    Section Image
  • Bonnie Jo

    Seller's Agent in 2019

    Bonnie Jo

    PAYSON REALTY

    86 Total Sales

    Bonnie Jo
    Section Image
See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 6206937

Arizona Regional Multiple Listing Service (ARMLS)

Arizona Gila County Payson 85541

123 E Aero Dr, Payson, AZ

This home is located at 123 E Aero Dr, Payson, AZ 85541 and is currently priced at $215,000, approximately $298 per square foot. This property was built in 1970. 123 E Aero Dr is a home located in Gila County with nearby schools including Julia Randall Elementary School, Payson Elementary School, and Rim Country Middle School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Arizona Regional Multiple Listing Service (ARMLS) All information should be verified by the recipient and none is guaranteed as accurate by ARMLS

Listing Information presented by local MLS brokerage: Ten-X, local REALTOR®- Arlene Richardson - (888)-952-6393

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