603 S Colcord Road, Payson, AZ 85541 (MLS# 92328)
$430,000
Payson, AZ 85541
MLS# 92328
Status: Closed
2880 sqft
1 / 32
Property Description
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.
Details
Status Change Info
Status: Closed
Pending Date: 2025-06-07
Sold Date: 2025-07-11
Sold Price: $430,000
Sold Price/SqFt: 149.3
Sold Type: Sold Co-Broke By MLS Member
Contract Information
Property Sub-Type: Quadruplex
Sold Price: $430,000
Current Price: $430,000
List Price/SqFt: 154.51
List Date: 2025-05-27
List Type: Exclusive ARS
Foreclosure: No
Location, Tax & Legal
Street #: 603
Direction: S
Street Name: Colcord
Suffix: Road
State: AZ
Zip Code: 85541
Area: Payson Southwest
Sub Code: Mogollon Rim Add Amd - PSW
County: Gila
General Property Description
Acres: 0.34
Lot Dimensions: 50x150x50x150
# Units: 4
# Parking Spaces: 5
Apx SqFt: 2880
Year Built: 1985
Vacancy %: 25
Building Size: 2880
Land Size: 7405
Warranty Program: No
Loan Info
1st Assumable: No
Accelerate: No
Must Qualify: No
Property Features
N/A - Other: Block
Siding
N/A - Other: T1-11
Heating
N/A - Other: mini split
Cooling
Other: mini split
Property Features
Road Surface Type: Gravel
Construction: Wood Frame
Roof: Asphalt Shingle
Fencing: Chain Link
Interior Features: Skylights; Refrigerator; Dishwasher; Disposal
Floor Type: Wood; Slab
Floor Covering: Carpet; Laminate; Vinyl
Cooling: Central Air; Ceiling Fan(s); Window Unit(s)
Heating: Forced Air; Baseboard
Utilties Available: Electricity; Town of Payson Water; Sewer Hooked In; Phone Available; Cable Available; Internet Hook Up; Trash; Individual Meter
Possession: Close Of Escrow
Included In Rent: Water; Sewer; Trash Collection
Documents on Fle: Aerial Photos
Leases: 6 Month - 1 Year
Existing Finance Fee: N/A - Other
Management: Owner/Family
IDX
Listing Office: COLDWELL BANKER BISHOP REALTY - PAYSON
Last Updated: July - 11 - 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.