209 E Wade Ln Payson, AZ 85541
Estimated payment $1,280/month
Highlights
- RV Access or Parking
- No HOA
- 1-Story Property
- Wood Flooring
- Separate Outdoor Workshop
- Forced Air Heating System
About This Home
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 1967 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,
Listing Agent
REALTY EXECUTIVES ARIZONA TERR License #SA577540000 Listed on: 11/20/2025
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $1,142
Year Built
- Built in 1959
Lot Details
- 0.3 Acre Lot
- Lot Dimensions are 104.75x125.27x104.75x125.27
- East Facing Home
- Partially Fenced Property
- Chain Link Fence
Home Design
- Wood Frame Construction
- Asphalt Shingled Roof
- Rolled or Hot Mop Roof
- Wood Siding
- Vinyl Siding
Interior Spaces
- 1,210 Sq Ft Home
- 1-Story Property
- Ceiling Fan
- Oven or Range
Flooring
- Wood
- Carpet
- Concrete
- Vinyl
Parking
- 8 Parking Spaces
- RV Access or Parking
Outdoor Features
- Separate Outdoor Workshop
- Shed
Utilities
- Evaporated cooling system
- Forced Air Heating System
Community Details
- No Home Owners Association
- 2 Units
Listing and Financial Details
- Tax Lot 46
- Assessor Parcel Number 304-04-092
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| 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 |
|---|---|---|---|---|
| 2025 | $1,066 | -- | -- | -- |
| 2024 | $1,066 | $13,930 | $4,520 | $9,410 |
| 2023 | $1,066 | $11,639 | $3,713 | $7,926 |
| 2022 | $1,033 | $9,799 | $3,713 | $6,086 |
| 2021 | $970 | $9,799 | $3,713 | $6,086 |
| 2020 | $932 | $0 | $0 | $0 |
| 2019 | $904 | $0 | $0 | $0 |
| 2018 | $851 | $0 | $0 | $0 |
| 2017 | $793 | $0 | $0 | $0 |
| 2016 | $777 | $0 | $0 | $0 |
| 2015 | $742 | $0 | $0 | $0 |
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft | Prior Sale |
|---|---|---|---|---|---|
| 11/21/2025 11/21/25 | Price Changed | $225,000 | -11.8% | $186 / Sq Ft | |
| 11/20/2025 11/20/25 | For Sale | $255,000 | +13.3% | $211 / Sq Ft | |
| 11/20/2025 11/20/25 | For Sale | $225,000 | +28.6% | $186 / Sq Ft | |
| 12/20/2021 12/20/21 | Sold | $175,000 | -20.5% | $233 / Sq Ft | View Prior Sale |
| 12/10/2021 12/10/21 | Pending | -- | -- | -- | |
| 12/08/2021 12/08/21 | For Sale | $220,000 | -- | $293 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $175,000 | Pioneer Title Co | |
| Cash Sale Deed | $50,000 | Pioneer Title Agency |
Source: Central Arizona Association of REALTORS®
MLS Number: 93152
APN: 304-04-092
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