301 W Wade Lane, Payson, AZ 85541 (MLS# 92467)
$390,000
Payson, AZ 85541
MLS# 92467
Status: Closed
1 / 27
Property Description
Discover a fantastic investment opportunity in the heart of Payson, Arizona! This well-maintained duplex, built with solid slump block construction, is a clean, turnkey property in excellent condition—a true gem for income seekers. Featuring two 2-bedroom, 1-bath units, each renting for $1,550 per month, this duplex is a quiet, reliable cash cow. Payson is a charming mountain town that offers an unbeatable quality of life, making this property even more appealing. Nestled in the cool pines at 5,000 feet elevation, Payson boasts mild four-season weather, perfect for outdoor enthusiasts. With world-class hiking, fishing, and camping in the nearby Tonto National Forest and Mogollon Rim, adventure is always at your doorstep. The vibrant community hosts lively events like the Arizona State Rodeo, farmers' markets, and festivals, fostering a warm, small-town vibe. This duplex is ideally located just steps from Main Street's quaint shops, restaurants, and theater, with schools, parks, a library, and a dog park all nearby. It's a walkable, central spot that tenants love for its convenience and access to Payson's best amenities. Whether you're supplementing retirement income or building your portfolio, this property is a smart choice in a town known for its natural beauty, friendly atmosphere, and growing appeal. Requires 48 hours' notice for viewings. Don't miss out on this Payson treasure!
Details
Contract Information
Foreclosure: No
Property Sub-Type: Duplex/Triplex
Sold Price: $390,000
Current Price: $390,000
List Date: 2025-06-24
List Type: Exclusive ARS
Location, Tax & Legal
Zoning: RES
Taxes: 1626
Tax Year: 2024
Assessor's Book #: 304
Assessor's Map #: 08
Assessor's Parcel #: 057
Assessor's Parcl Ltr: B
APN #: 304-08-057B
HOA: No
Legal Description: Section: 04 Township: 10n Range: 10e Sely 60.0' Of Nwly 100.0' Lot 40, Greer
Addition, Plat 85(ros 3793)se1/4 Se1/4 Sec 4 T10n R10e = 0.21 Ac
Street #: 301
Direction: W
Street Name: Wade
Suffix: Lane
State: AZ
Zip Code: 85541
Area: Payson Southwest
Sub Code: Greer Sub
County: Gila
General Property Description
Acres: 0.21
Lot Dimensions: IRREGULAR
# Units: 2
Land Size: 0.21
Building Size: 1792
Vacancy %: 0
Warranty Program: No
Year Built: 1980
Remarks & Misc
Directions: Beeline Hwy South to Wade Lane, West to property.
Public Remarks: Discover a fantastic investment opportunity in the heart of Payson, Arizona! This well-maintained duplex, built with solid slump block construction, is a clean, turnkey property in excellent condition—a true gem for income seekers. Featuring two 2-bedroom, 1-bath units, each renting for $1,550 per month, this duplex is a quiet, reliable cash cow.
Payson is a charming mountain town that offers an unbeatable quality of life, making this property even more appealing. Nestled in the cool pines at 5,000 feet elevation, Payson boasts mild four-season weather, perfect for outdoor enthusiasts. With world-class hiking, fishing, and camping in the nearby Tonto National Forest and Mogollon Rim, adventure is always at your doorstep. The vibrant community hosts lively events like the Arizona State Rodeo, farmers' markets, and festivals, fostering a warm, small-town vibe.
This duplex is ideally located just steps from Main Street's quaint shops, restaurants, and theater, with schools, parks, a library, and a dog park all nearby. It's a walkable, central spot that tenants love for its convenience and access to Payson's best amenities. Whether you're supplementing retirement income or building your portfolio, this property is a smart choice in a town known for its natural beauty, friendly atmosphere, and growing appeal.
Requires 48 hours' notice for viewings. Don't miss out on this Payson treasure!
Status Change Info
Seller Concess to Buyer: 0
Sold Type: Sold Within Office
Status: Closed
Pending Date: 2025-07-12
Sold Date: 2025-08-15
Sold Price: $390,000
Income/Sales Info
Net Operating Income: N/A
Cap Rate: 5 - 7.9%
Down Payment: CLO
Loan Info
1st Assumable: No
Accelerate: No
Must Qualify: No
Cash to Assume: 0
Ttl Pmt after Assmpt: 0
Construction
Block: 1
Interior Features
Refrigerator: 1
Range/Oven: 1
Laundry Area: 1
Floor Covering
Carpeting: 1
Tile: 1
Wood: 1
Lot/Street Improvem.
Blacktop Street: 1
Type/Style
Single Level: 1
Garage/Carport
Carport Only: 1
Attached: 1
Siding
Stone: 1
Exterior Features
Laundry Room/Facilit: 1
Storage Unit: 1
Roof
Asphalt/Comp Shingle: 1
Heating
Electric: 1
Possession
At Close of Escrow: 1
Owner May Sell/Terms
Cash: 1
Conventional: 1
FHA: 1
VA: 1
1031 Exchange: 1
Submit: 1
Floor Type
Slab: 1
Cooling
Evaporative: 1
Window Unit: 1
Utilties Available
Electricity: 1
Town of Payson Water: 1
Sewer Hooked In: 1
Trash: 1
Individual Meter: 1
Included In Rent
Water: 1
Sewer: 1
Documents on Fle
Legal Description: 1
SPDS: 1
Plat Map: 1
Aerial Photos: 1
Leases: 1
Leases
6 Month - 1 Year: 1
Management
Owner/Family: 1
Existing Finance Fee
Free & Clear: 1
Property Features
Construction: Block
Siding: Stone
Roof: Asphalt/Comp Shingle
Exterior Features: Laundry Room/Facilit; Storage Unit
Interior Features: Refrigerator; Range/Oven; Laundry Area
Floor Type: Slab
Floor Covering: Carpeting; Tile; Wood
Cooling: Evaporative; Window Unit
Heating: Electric
Utilties Available: Electricity; Town of Payson Water; Sewer Hooked In; Trash; Individual Meter
Possession: At Close of Escrow
Included In Rent: Water; Sewer
Documents on Fle: Legal Description; SPDS; Plat Map; Aerial Photos; Leases
Leases: 6 Month - 1 Year
Existing Finance Fee: Free & Clear
Management: Owner/Family
IDX
Listing Office: Delex Realty, LLC
Last Updated: August - 15 - 2025
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.