118 W AERO Drive, Payson, AZ 85541 (MLS# 89718)
$425,000
Payson, AZ 85541
MLS# 89718
Status: Closed
2851 sqft
1 / 6
Property Description
Single lev. l 5 unit building. 2 studio units, 2 2 bedroom 1 bath units and 1 1 bedroom 1 bath Monthly Gross Rents $3925
Details
Documents
Contract Information
List Price/SqFt: 168.32
Foreclosure: No
Property Sub-Type: Other
Sold Price: $425,000
Current Price: $425,000
List Date: 2024-02-05
List Type: Exclusive ARS
Location, Tax & Legal
Lot #: TH
Zoning: R3
Taxes: 1622
Tax Year: 2023
Assessor's Book #: 304
Assessor's Map #: 16
Assessor's Parcel #: 239
Assessor's Parcl Ltr: F
APN #: 304-16-239F
HOA: No
Legal Description: Section:09 Township10N COMM INTERSECTIO OF NORTH ROW OF AERO DR AND NWLY ROW MEADOW DR< RIM VIEW ADDITIOM PLAT D< PLAT 92; TH N45D01'36E, 112.50' TO POB; TH N0D26'22W, 81.54'; TH S89D48
Street #: 118
Direction: W
Street Name: AERO
Suffix: Drive
State: AZ
Zip Code: 85541
Area: Payson Southwest
Sub Code: Unsubdivided
County: Gila
Location
Borders Undev Land: 1
General Property Description
Acres: 0.35
Lot Dimensions: 114.51x138.73x82.3x158.18
# Parking Spaces: 8
# Units: 5
Land Size: 0.35
Building Size: 2851
Vacancy %: 0
Warranty Program: Yes
Apx SqFt: 2851
Year Built: 1962
Remarks & Misc
Directions: West on Aero from Hwy 87 first property on the right behind Speedway
Public Remarks: Single lev. l 5 unit building. 2 studio units, 2 2 bedroom 1 bath units and 1 1 bedroom 1 bath
Monthly Gross Rents $3925
Status Change Info
Seller Concess to Buyer: 0
Sold Price/SqFt: 149.07
Sold Type: Sold Non MLS Member
Status: Closed
Pending Date: 2024-08-02
Sold Date: 2024-08-09
Sold Price: $425,000
Income/Sales Info
Net Operating Income: 31,000 - 40,999
Cap Rate: 5 - 7.9%
Down Payment: Submit
Loan Info
1st Assumable: Yes
Accelerate: No
Must Qualify: Yes
Cash to Assume: 336900
Ttl Pmt after Assmpt: 1285
Type of Loan: Balloon
Lender: Private
1st Mortgage Balance: 163000
1st Interest Rate: 5
1st Due Date: 2032-12-01
Construction
Wood Frame: 1
Brick: 1
Interior Features
Refrigerator: 1
Range/Oven: 1
Smoke Detector: 1
Floor Covering
Carpeting: 1
Tile: 1
Vinyl: 1
N/A - Other: Luxury Plank
Property Features
Chain Link: 1
Partially Fenced: 1
Lot/Street Improvem.
Blacktop Street: 1
Type/Style
Single Level: 1
Siding
Wood: 1
Roof
Asphalt/Comp Shingle: 1
Heating
Forced Air: 1
Possession
At Close of Escrow: 1
Owner May Sell/Terms
Cash: 1
Submit: 1
Floor Type
Slab: 1
Cooling
Individual A/C: 1
Utilties Available
Electricity: 1
Propane Piped: 1
Town of Payson Water: 1
Sewer Hooked In: 1
Individual Meter: 1
Included In Rent
Water: 1
Sewer: 1
Trash: 1
Leases
Month to Month: 1
6 Month - 1 Year: 1
Management
Owner/Family: 1
Existing Finance Fee
Private: 1
Property Features
Location: Borders Undev Land
Construction: Wood Frame; Brick
Siding: Wood
Roof: Asphalt/Comp Shingle
Property Features: Chain Link; Partially Fenced
Interior Features: Refrigerator; Range/Oven; Smoke Detector
Floor Type: Slab
Floor Covering: Carpeting; Tile; Vinyl
Cooling: Individual A/C
Heating: Forced Air
Utilties Available: Electricity; Propane Piped; Town of Payson Water; Sewer Hooked In; Individual Meter
Possession: At Close of Escrow
Included In Rent: Water; Sewer; Trash
Leases: Month to Month; 6 Month - 1 Year
Existing Finance Fee: Private
Management: Owner/Family
SPDS 
IDX
Listing Office: LISA CANAVIER OFFICE
Last Updated: October - 20 - 2024
All information is deemed reliable but not guaranteed. The listings on this site are displayed courtesy of the IDX program of Central Arizona BOR and may not be the listings of the site owner.