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
Contract Information
List Price/SqFt: 154.51
Foreclosure: No
Property Sub-Type: Four Plex
Sold Price: $430,000
Current Price: $430,000
List Date: 2025-05-27
List Type: Exclusive ARS
Location, Tax & Legal
Lot #: 41 & 40
Zoning: R3-MH
Taxes: 2364.8
Tax Year: 2024
Assessor's Book #: 304
Assessor's Map #: 03
Assessor's Parcel #: 038
APN #: 304-03-038
HOA: No
Legal Description: Section: 03 Township: 10N Range: 10E Lot 41 , Mogollon Addition Amended , Plat 111Sw1/4 Sw1/4 Sec 3 T10n R10e = 0.17 Ac
Section: 03 Township: 10N Range: 10E Lot 40, Mogollon Addition Amended , Plat 111Sw1/4 Sw1/4 Sec 3 T10n R10e = 0.17 Ac
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
# Parking Spaces: 5
# Units: 4
Land Size: 7405
Building Size: 2880
Vacancy %: 25
Warranty Program: No
Apx SqFt: 2880
Year Built: 1985
Remarks & Misc
Directions: From Hwy 87 turn west to Main St. North onto Colcord Road, in .2 mi property will be on your right.
Public Remarks: 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.
Status Change Info
Seller Concess to Buyer: 0
Sold Price/SqFt: 149.3
Sold Type: Sold Co-Broke By MLS Member
Status: Closed
Pending Date: 2025-06-07
Sold Date: 2025-07-11
Sold Price: $430,000
Income/Sales Info
Net Operating Income: 31,000 - 40,999
Cap Rate: CLO
Down Payment: CLO
Loan Info
1st Assumable: No
Accelerate: No
Must Qualify: No
Cash to Assume: 0
Ttl Pmt after Assmpt: 0
Construction
Wood Frame: 1
Interior Features
Skylights: 1
Refrigerator: 1
Dishwasher: 1
Disposal: 1
Floor Covering
Carpeting: 1
Laminate: 1
Vinyl: 1
Property Features
Chain Link: 1
N/A - Other: Block
Lot/Street Improvem.
Blacktop Street: 1
Gravel Street: 1
Type/Style
Two Story: 1
Garage/Carport
None: 1
Siding
N/A - Other: T1-11
Roof
Asphalt/Comp Shingle: 1
Heating
Forced Air: 1
Baseboard: 1
N/A - Other: mini split
Possession
At Close of Escrow: 1
Owner May Sell/Terms
Cash: 1
Conventional: 1
1031 Exchange: 1
Floor Type
Wood: 1
Slab: 1
Cooling
Central: 1
Ceiling Fan: 1
Window Unit: 1
N/A - Other: mini split
Utilties 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
Included In Rent
Water: 1
Sewer: 1
Trash: 1
Documents on Fle
Aerial Photos: 1
Leases
6 Month - 1 Year: 1
Management
Owner/Family: 1
Existing Finance Fee
N/A - Other: 1
Property Features
Construction: Wood Frame
Roof: Asphalt/Comp Shingle
Property Features: Chain Link
Interior Features: Skylights; Refrigerator; Dishwasher; Disposal
Floor Type: Wood; Slab
Floor Covering: Carpeting; Laminate; Vinyl
Cooling: Central; Ceiling Fan; Window Unit
Heating: Forced Air; Baseboard
Utilties Available: Electricity; Town of Payson Water; Sewer Hooked In; Telephone; Cable TV/Satellite; Internet Hook Up; Trash; Individual Meter
Possession: At Close of Escrow
Included In Rent: Water; Sewer; Trash
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.