301 N Beeline Highway, Payson, AZ 85541 (MLS# 93385)
$1,300,000
Payson, AZ 85541
MLS# 93385
4760 sqft
1 / 19
Property Description
Income-producing multi-family investment with highway frontage in Payson. This 10-unit apartment complex consists of five 1-bedroom units and five 2-bedroom units, offering a desirable unit mix that appeals to a broad tenant base. The 2-bedroom apartments feature covered balconies and decks, while the 1-bedroom units include front decks, enhancing tenant satisfaction and retention. The property is supported by two common areas, a coin-operated laundry room, paved on-site parking, and a dedicated storage room, providing multiple amenities that strengthen rental demand. No smoking and no pets policy contributes to lower maintenance costs and long-term asset preservation. High-visibility highway frontage offers strong exposure and easy access. The parcel includes additional vacant land near the highway suitable for storage units, garages, or future building expansion. A solid opportunity for investors seeking consistent cash flow, stable occupancy, and long-term appreciation in the Payson market. CAP rate, financials and list of improvements are available upon request.
Details
Contract Information
List Price/SqFt: 273.11
Foreclosure: No
Sale/Lease: Sale
Property Sub-Type: Business & Real Estate
List Price: $1,300,000
Current Price: $1,300,000
List Date: 2026-02-02
List Type: Exclusive ARS
Location, Tax & Legal
Zoning: C-2
Taxes: 4986
Tax Year: 2025
Assessor's Book #: 304
Assessor's Map #: 02
Assessor's Parcel #: 014
Assessor's Parcl Ltr: F
APN #: 304-02-014F
HOA: No
Legal Description: Section: 03 Township: 10N Range: 10E Por Nw4 Sec 3 T10n R10e Beg At Nw Cor; Th N 89D43min E 967.27' Alg N Line Sec 3 To Pt On E R/W Line Azhwy 87; Th S 1De G 37Min 13Sec W 1024.66' Alg Ely R/W Totrue Pob Th E 330.13'; T H S 1D 37Min W 100' Th W 330.13' To Pt On Ely R/W Of Hwy;th N 1D 37Min 13Sec E 100' To True Pob 0.75Ac M/L Dkt 055/79 9
Street #: 301
Direction: N
Street Name: Beeline
Suffix: Highway
State: AZ
Zip Code: 85541
Area: Payson Northeast
Sub Code: Unsubdivided
County: Gila
Location
Highway Front: 1
General Property Description
Acres: 0.75
Lot Dimensions: 100' x 330.13' x 100' x 330.13'
Land Size: 32670
Building Size: 7500
# of Tenants: 10 - 14
Vacancy %: 10
Apx SqFt: 4760
Year Built: 1975
Remarks & Misc
Directions: Hwy 87 North to Highline Apartments located on the east side of the Beeline Hwy. before Malibu Street.
Public Remarks: Income-producing multi-family investment with highway frontage in Payson. This 10-unit apartment complex consists of five 1-bedroom units and five 2-bedroom units, offering a desirable unit mix that appeals to a broad tenant base. The 2-bedroom apartments feature covered balconies and decks, while the 1-bedroom units include front decks, enhancing tenant satisfaction and retention. The property is supported by two common areas, a coin-operated laundry room, paved on-site parking, and a dedicated storage room, providing multiple amenities that strengthen rental demand. No smoking and no pets policy contributes to lower maintenance costs and long-term asset preservation. High-visibility highway frontage offers strong exposure and easy access. The parcel includes additional vacant land near the highway suitable for storage units, garages, or future building expansion. A solid opportunity for investors seeking consistent cash flow, stable occupancy, and long-term appreciation in the Payson market. CAP rate, financials and list of improvements are available upon request.
Status Change Info
Sold Price/SqFt: 0
Status: Active
Currently Not Used
Total Rooms: 1
Income/Sales Info
Net Operating Income: 51,000 - 99,999
Cap Rate: 5 - 7.9%
Down Payment: Submit
Gross Sales: 139800
Improvements: CLO
Loan Info
1st Assumable: No
Accelerate: No
Must Qualify: Yes
Cash to Assume: 0
Ttl Pmt after Assmpt: 0
Construction
Wood Frame: 1
Interior Features
Smoke Detectors: 1
Refrigerator: 1
Range/Oven: 1
Floor Covering
Carpeting: 1
Laminate: 1
Vinyl: 1
Property Features
Wood Fence: 1
Partially Fenced: 1
Lot/Street Improvem.
Sidewalks: 1
Paved Parking: 1
Type/Style
Single Level: 1
Two Story: 1
Garage/Carport
None: 1
Siding
Wood: 1
Exterior Features
Landscaping: 1
Tall Pines on Lot: 1
Storage/Utility Shed: 1
Satellite Dish: 1
Shared Porch: 1
Roof
Asphalt/Comp Shingle: 1
Utilities Available
Electricity: 1
Town of Payson Water: 1
Sewer Hooked In: 1
Telephone: 1
Cable TV/Satellite: 1
Internet Hook Up: 1
Trash: 1
Individual Meter: 1
Heating
Electric: 1
Possession
At Close of Escrow: 1
Negotiable/By Agreem: 1
Owner May Sell/Terms
Cash: 1
Conventional: 1
FHA: 1
VA: 1
1031 Exchange: 1
Submit: 1
Floor Type
Wood: 1
Cooling
Electric Refrig.: 1
Documents on File
SPDS: 1
Tenant Pays
Electric: 1
Exist. Finance Fees
Free & Clear: 1
Management
Management Company: 1
Form of Ownership
Sole Proprietor: 1
Sale Price Includes
Business: 1
Building: 1
Land: 1
Fixtures: 1
Equipment: 1
Inventory: 1
Personal Property: 1
Contracts: 1
Occupancy
Partially Leased: 1
Property Features
Location: Highway Front
Construction: Wood Frame
Siding: Wood
Roof: Asphalt/Comp Shingle
Property Features: Wood Fence; Partially Fenced
Exterior Features: Landscaping; Tall Pines on Lot; Storage/Utility Shed; Satellite Dish; Shared Porch
Interior Features: Smoke Detectors; Refrigerator; Range/Oven
Floor Type: Wood
Floor Covering: Carpeting; Laminate; Vinyl
Cooling: Electric Refrig.
Heating: Electric
Utilities Available: Electricity; Town of Payson Water; Sewer Hooked In; Telephone; Cable TV/Satellite; Internet Hook Up; Trash; Individual Meter
Possession: At Close of Escrow; Negotiable/By Agreem
Tenant Pays: Electric
Documents on File: SPDS
Management: Management Company
Form of Ownership: Sole Proprietor
Sale Price Includes: Business; Building; Land; Fixtures; Equipment; Inventory; Personal Property; Contracts
Occupancy: Partially Leased
IDX
Listing Office: REALTY EXECUTIVES ARIZONA TERR
Last Updated: February - 04 - 2026
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