$445,000

603 S Colcord Rd Payson, AZ 85541

Estimated payment $2,688/month

Total Views 207
-- Bed
-- Bath
2,880 Sq Ft
$155 Price per Sq Ft

Highlights

  • Very Popular Property
  • No HOA
  • Forced Air Heating and Cooling System
  • Wood Flooring
  • Skylights
  • Ceiling Fan

About This Home

Investment opportunity awaits! This fourplex sits on .17 acre lot, with three units currently rented. The fourth unit is unfinished, offering a buyer chance to complete to their specifications. A second adjacent .17 parcel is included in the sale and must be purchased together. This parcel currently has a 1960 mobile home (considered to have no value and will need to be removed), but it offers significant potential for additional development-ideal for adding more apartment units or expanding your investment portfolio. Please do not disturb the tenants. Showings require a 48-hour notice. All buyers must be pre-qualified prior to viewing the property.

Last Listed By

Andrea Christianson

COLDWELL BANKER BISHOP REALTY - PAYSON License #SA641360000 Listed on: 05/27/2025

COLDWELL BANKER BISHOP REALTY - PAYSON

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $2,365

Year Built

  • Built in 1985

Lot Details

  • 0.34 Acre Lot
  • Lot Dimensions are 50x150x50x150
  • South Facing Home
  • Chain Link Fence

Parking

  • 5 Parking Spaces

Home Design

  • Wood Frame Construction
  • Asphalt Shingled Roof

Interior Spaces

  • 2,880 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan
  • Skylights

Kitchen

  • Dishwasher
  • Disposal

Flooring

  • Wood
  • Carpet
  • Laminate
  • Concrete
  • Vinyl

Utilities

  • Forced Air Heating and Cooling System
  • Window Unit Cooling System
  • Baseboard Heating

Community Details

  • No Home Owners Association
  • 4 Units

Listing and Financial Details

  • Tax Lot 41 & 40
  • Assessor Parcel Number 304-03-038

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$2,365

Year Built

Built in 1985

Lot Details

0

Listing Details

  • FILLACRES: 0.34
  • Estimated Sq Ft: 2880.00
  • Assessor Parcel Number: 038
  • Cooling N A Other: mini split
  • House Faces: S
  • Directions: From Hwy 87 turn west to Main St. North onto Colcord Road, in .2 mi property will be on your right.
  • Exterior Features N A Other: YES
  • Fireplace Woodstove N A Other: YES
  • Heating N A Other: mini split
  • Homeowners Assoc N A Other: YES
  • Listing Member Name: Andrea Christianson
  • Listing Office Short Id: 39
  • List Type: Exclusive ARS
  • Location N A Other: YES
  • Lot Street Improvem: Blacktop Street, Gravel Street
  • Open House Office I D: 20121002182528187073000000
  • Property Sub Type: Four Plex
  • Prop. Type: Multi-Family
  • Siding N A Other: T1-11
  • Sub Code: Mogollon Rim Add Amd - PSW
  • Tract Suffix: Road
  • Warranty Program: No
  • Year Built: 1985
  • Property Features: Chain Link
  • Property Features N A Other: Block
  • Income Sales Info Cap Rate: CLO
  • Income Sales Info Down Payment: CLO
  • Income Sales Info Net Operating Income: 31,000 - 40,999
  • Loan Info1 St Assumable: No
  • Loan Info Accelerate: No
  • Loan Info Must Qualify: No
  • Type Style: Two Story
  • Documents On Fle: Aerial Photos
  • Exchange N A Other: YES
  • Existing Finance Fee: N/A - Other
  • Utilties Available: Cable TV/Satellite, Electricity, Individual Meter, Internet Hook Up, Sewer Hooked In, Telephone, Town of Payson Water, Trash
  • Special Features: None

Interior Features

  • Floor Type: Slab, Wood
  • Floor Covering: Carpeting, Laminate, Vinyl
  • Foreclosure: No
  • Interior Amenities: Dishwasher, Disposal, Refrigerator, Skylights
  • Legal Description: Section: 03 Township: 10N Range: 10E Lot 41 , Mogollon Addition Amended , Plat 111Sw1/4 Sw1/4 Sec 3 T10n R10e = 0.17 AcSection: 03 Township: 10N Range: 10E Lot 40, Mogollon Addition Amended , Plat 111Sw1/4 Sw1/4 Sec 3 T10n R10e = 0.17 Ac

Exterior Features

  • Exterior Construction: Wood Frame
  • Flood Zone: None
  • Lot Number: 41 & 40
  • Roof: Asphalt/Comp Shingle

Garage/Parking

  • Garage/Carport Description: None
  • Number Parking Spaces: 5.00

Utilities

  • Cooling: Ceiling Fan, Central, Window Unit
  • Heating: Baseboard, Forced Air

Condo/Co-op/Association

  • HOA: No
  • Condo Management: Owner/Family
  • Number of Units: 4

Fee Information

  • Taxes: 2364.80

Lot Info

  • Assessor Parcel Number: 304-03-038
  • Lot Dimensions: 50x150x50x150
  • Zoning: R3-MH
  • Land Size: 7405.00

Building Info

  • Building Size: 2880.00

Rental Info

  • Included In Rent: Sewer, Trash, Water

Tax Info

  • Year: 2024

Multi Family

  • Vacancy Percentage: 25.00

Map

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
05/27/2025 05/27/25 For Sale $445,000 +38.6% $155 / Sq Ft
03/29/2021 03/29/21 Sold $321,000 -3.9% $43 / Sq Ft
03/02/2021 03/02/21 Pending -- -- --
02/04/2021 02/04/21 For Sale $334,000 -- $45 / Sq Ft
Source: Central Arizona Association of REALTORS®

Source: Central Arizona Association of REALTORS®

MLS Number: 92328

Central Arizona Association of REALTORS®

Arizona Gila County Payson 85541

603 S Colcord Rd, Payson, AZ

This home is located at 603 S Colcord Rd, Payson, AZ 85541 and is currently priced at $445,000, approximately $154 per square foot. This property was built in 1985. 603 S Colcord Rd 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.

Central Arizona Association of REALTORS® IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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Andrea Christianson
Listing Agent
Andrea Christianson
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COLDWELL BANKER BISHOP REALTY - PAYSON
(928) 813-2138