301 W Wade Lane, Payson, AZ 85541 (MLS# 92467)
$390,000
Payson, AZ 85541
MLS# 92467
Status: Closed

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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
Status Change Info
Status: Closed
Pending Date: 2025-07-12
Sold Date: 2025-08-15
Sold Price: $390,000
Sold Type: Sold Within Office
Contract Information
Property Sub-Type: Duplex
Sold Price: $390,000
Current Price: $390,000
List Date: 2025-06-24
List Type: Exclusive ARS
Foreclosure: No
Location, Tax & Legal
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
Year Built: 1980
Building Size: 1792
Land Size: 0.21
Warranty Program: No
Loan Info
1st Assumable: No
Accelerate: No
Must Qualify: No
Property Features
Construction: Block
Siding: Stone
Roof: Asphalt Shingle
Exterior Features: Laundry Room/Facilit; Storage
Interior Features: Refrigerator; Range; Laundry Area
Floor Type: Slab
Floor Covering: Carpet; Tile; Wood
Cooling: Evaporative Cooling; Window Unit(s)
Heating: Electric
Utilties Available: Electricity; Town of Payson Water; Sewer Hooked In; Trash; Individual Meter
Possession: 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.
