NOT LISTED FOR SALE

300 W Frontier St Payson, AZ 85541

20 Beds
12 Baths
1,200 Sq Ft
1985 Built

Last Sold April 18, 2014

Last sale price $384,000 $320 Per Sq Ft

118 Days on Market

Highlights

  • Cooling Available
  • Resident Manager or Management On Site
  • Heat Pump System

About This Home

As of April 2014

This is a Bulk Sale of 12 Units in a highly sought out Condominium Building in Downtown Payson. Financing Available. Investment Properties with excellent Rental History. Heart of Payson. Close to Everything. Walking Distance to Downtown and Payson Lake.
Plenty of Parking. On Site Manager and Laundry Facilities. Exterior, Roof, Water, Sewer, and Garbage included in HOA Fees.
Rents Average $530 per unit with Association Fee of $150.00 per unit included in CAP Rate of 7.0%. Additional Housing will be at Demand for this type of property with soon to be built University in Payson!
Tab.http://www.universityinpayson.com/
Can be purchases as 1-12 units see MLS# UNIT MLS# 5021751, 5034418

Last Agent to Sell the Property

Danette Ellis

Weichert, Realtors-Home Pro Realty License #SA529140000 Listed on: 10/30/2013

Weichert, Realtors-Home Pro Realty

Last Buyer's Agent

Scott Trevey

REI Marketing License #SA539099000

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $3,744

Year Built

  • Built in 1985

Lot Details

  • Additional Parcels

Home Design

  • Wood Frame Construction
  • Composition Roof

Parking

  • 1 Open Parking Space
  • 1 Parking Space
  • Assigned Parking

Schools

  • Out Of Maricopa Cnty Elementary And Middle School

Utilities

  • Cooling Available
  • Heat Pump System

Listing and Financial Details

  • Assessor Parcel Number 304-08-137

Community Details

Overview

  • 5 Buildings
  • 12 Units
  • Building Dimensions are 0
  • West Frontier Condominiums Subdivision

Building Details

  • Operating Expense $32,655
  • Gross Income $69,120
  • Net Operating Income $37,795

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$3,744

Year Built

Built in 1985

Lot Details

0

Listing Details

  • Cross Street: HWY 87 (Beeline Hwy)/Frontier Street (Post Office)
  • Property Type: Multiple Dwellings
  • Zoning: Residental
  • Number Of Buildings: 5
  • Year Built: 1985
  • Tax Year: 2013
  • Road Surface Type: Asphalt
  • Subdivision Name: West Frontier Condominiums
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Flooring: Other
  • Appliances Included:FS OvenRange: Yes
  • Appliances Included:Refrigerator: Yes
  • Appliances Included:Dishwasher: Yes
  • Appliances Included:Disposal: Yes

Exterior Features

  • Disclosures: Seller Prop Disc Stm
  • Construction Type: Painted, Frame - Wood
  • Roof: Composition
  • Construction:Frame - Wood: Yes

Garage/Parking

  • Parking Features: Assigned
  • Attached Garage: No
  • Open Parking Spaces: 1.0
  • Total Parking Spaces: 1.0
  • General Property Description:Uncvrd Parking Spcs: 1.0
  • General Property Description:Total Parking Spcs: 1.0
  • Parking:_greater_1 Space Per Unit: Yes
  • Parking:Paved Parking: Yes
  • Parking:Add_squote_l Parking Avail: Yes
  • Parking:Assigned: Yes

Utilities

  • Electric: APS, Individual Meter
  • Cooling: Heat Pump
  • Heating: Electric
  • Cooling Y N: Yes
  • Heating Yn: Yes
  • Water Source: City Franchise
  • Heating:Electric: Yes

Condo/Co-op/Association

  • Community Features: Other, See Remarks, Manager Res/Office, No Pool

Association/Amenities

  • Community Amenities:Other18: Yes
  • Exterior Amenities:Cable TV Available: Yes
  • Exterior Amenities:PatioBalcony: Yes
  • Exterior Amenities:Security Light(s)3: Yes
  • Community Amenities:No Pool: Yes
  • Exterior Amenities:Partially Fenced: Yes
  • Community Amenities:See Remarks15: Yes
  • Exterior Amenities:Desert Landscaping: Yes
  • Community Amenities:Manager ResOffice: Yes
  • Exterior Amenities:Pet Restrictions: Yes

Schools

  • Elementary School: Out of Maricopa Cnty
  • High School: Other
  • Middle Or Junior School: Out of Maricopa Cnty

Lot Info

  • Lot Size: 0
  • Additional Parcels: Yes
  • Parcel #: 304-08-137

Multi Family

  • Owner Pays: None
  • Number Of Units Total: 12
  • Annual Gross Income: 69120.0
  • Insurance Expense: 2988.0
  • Maintenance Expense: 4323.0
  • Property Net Operating Income: 37795.0
  • Annual Operating Expense: 32655.0
  • Vacancy Allowance Rate: 0.1

Tax Info

  • Tax Annual Amount: 3744.0
  • Tax Book Number: 304.00
  • Tax Lot: TBD
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Property History

Date Event Price List to Sale Price per Sq Ft
04/18/2014 04/18/14 Sold $384,000 +60.0% $320 / Sq Ft
02/24/2014 02/24/14 Pending -- -- --
10/29/2013 10/29/13 For Sale $240,000 -- $200 / Sq Ft
Source: Arizona Regional Multiple Listing Service (ARMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • D

    Seller's Agent in 2014

    Danette Ellis

    Weichert, Realtors-Home Pro Realty

    Section Image

  • S

    Buyer's Agent in 2014

    Scott Trevey

    REI Marketing

See All Agents

Map

Source: Arizona Regional Multiple Listing Service (ARMLS)

MLS Number: 5022721

Arizona Regional Multiple Listing Service (ARMLS)
Arizona Gila County Payson 85541

300 W Frontier St, Payson, AZ

Not Listed for Sale

MultiFamily

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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