615 W Main Street, Payson, AZ 85541 (MLS# 89651)
$525,000
Payson, AZ 85541
MLS# 89651
Status: Closed
2900 sqft
1 / 37
Property Description
Great investment property on Historic Main Street. Beautiful Log building in excellent condition with 3 rentable units. 2 are residential units and 1 on the main level is commercial. The location is perfect for those that want to be close to schools or green valley park. The one on the main level can be converted to Residential if needed. Plenty of storage, access to front and back decks. Parking is in the rear and has 8 spots. The Main floor is finished with log interior and wood flooring and is currently rented. It has 2 offices, with storage room, a handicap 1/2 bathroom and a kitchen area. It is designated as a commercial rental. The upper apartment unit is a 1 Bedroom with one bathroom, laminate flooring, kitchen and laundry facilities, it is also rented. The second residential rental is on the lower level and is a 2 bedroom, 1 bathroom with kitchen and laundry facilities. All 3 have their own entrances and are on 1 electric meter. The lower level is currently vacant, seller is working on renting it out. All utilities are included with the rents. Must see!
Details
Documents
Contract Information
List Price/SqFt: 181.03
Foreclosure: No
Sale/Lease: Sale
Property Sub-Type: Business & Real Estate
Sold Price: $525,000
Current Price: $525,000
List Date: 2024-01-19
List Type: Exclusive ARS
Location, Tax & Legal
Lot #: 27
Zoning: Residential
Taxes: 4300
Tax Year: 2023
Assessor's Book #: 304
Assessor's Map #: 06
Assessor's Parcel #: 209
Assessor's Parcl Ltr: E
APN #: 304-06-209E
HOA: No
Legal Description: Section: 09 Township: 10N Range 10E PARCEL ''C'', R0S 2238NE1/4 NW1/4 SEC 9 T10N R10E = 0.17 AC (OUT OF 304-06-209A, -209B & -209C)
Street #: 615
Direction: W
Street Name: Main
Suffix: Street
State: AZ
Zip Code: 85541
Area: Payson Southwest
Sub Code: Payson Townsite
County: Gila
Location
Borders Undev Land: 1
General Property Description
Acres: 0.17
Lot Dimensions: 53x121
# Parking Spaces: 8
Land Size: 7405
Building Size: 1805
# of Tenants: 1 - 4
Vacancy %: 34
Apx SqFt: 2900
Year Built: 2002
Remarks & Misc
Directions: South 87 to Main Street West Follow to sign on the South side of the road.
Public Remarks: Great investment property on Historic Main Street. Beautiful Log building in excellent condition with 3 rentable units. 2 are residential units and 1 on the main level is commercial. The location is perfect for those that want to be close to schools or green valley park. The one on the main level can be converted to Residential if needed. Plenty of storage, access to front and back decks. Parking is in the rear and has 8 spots. The Main floor is finished with log interior and wood flooring and is currently rented. It has 2 offices, with storage room, a handicap 1/2 bathroom and a kitchen area. It is designated as a commercial rental. The upper apartment unit is a 1 Bedroom with one bathroom, laminate flooring, kitchen and laundry facilities, it is also rented. The second residential rental is on the lower level and is a 2 bedroom, 1 bathroom with kitchen and laundry facilities. All 3 have their own entrances and are on 1 electric meter. The lower level is currently vacant, seller is working on renting it out. All utilities are included with the rents. Must see!
Status Change Info
Seller Concess to Buyer: 0
Sold Price/SqFt: 181.03
Sold Type: Sold Non MLS Member
Status: Closed
Pending Date: 2024-01-29
Sold Date: 2024-04-01
Sold Price: $525,000
Currently Not Used
Total Rooms: 7
Income/Sales Info
Net Operating Income: CLO
Cap Rate: CLO
Down Payment: CLO
Gross Sales: 0
Improvements: 21,000 - 50,999
Loan Info
1st Assumable: No
Accelerate: No
Must Qualify: Yes
Cash to Assume: 0
Ttl Pmt after Assmpt: 0
Construction
Log: 1
Interior Features
Dual Pane Windows: 1
Smoke Detectors: 1
Refrigerator: 1
Range/Oven: 1
Dishwasher: 1
Disposal: 1
Living Quarters: 1
Laundry Facilities: 1
Floor Covering
Tile: 1
Wood: 1
Property Features
Corners Marked: 1
Lot/Street Improvem.
Curbs: 1
Gutters: 1
Paved Parking: 1
Blacktop Street: 1
Type/Style
Multi-Level: 1
Garage/Carport
None: 1
Siding
Log: 1
Exterior Features
Landscaping: 1
Panoramic Views: 1
Handicap Access: 1
Roof
Asphalt/Comp Shingle: 1
Utilities Available
Electricity: 1
Propane Piped: 1
Town of Payson Water: 1
Sewer Hooked In: 1
Internet Hook Up: 1
Trash: 1
Heating
Forced Air: 1
Propane: 1
N/A - Other: Split Systems
Possession
At Close of Escrow: 1
Owner May Sell/Terms
Cash: 1
Conventional: 1
Floor Type
Wood: 1
Slab: 1
Cooling
Central: 1
Electric Refrig.: 1
Documents on File
SPDS: 1
Plat Map: 1
Tenant Pays
Cable TV/Satellite: 1
Exist. Finance Fees
Private: 1
Management
Owner/Family: 1
Form of Ownership
Sole Proprietor: 1
Sale Price Includes
Business: 1
Building: 1
Land: 1
Fixtures: 1
Personal Property: 1
Contracts: 1
Avg Room Rent/Night
0 - 40: 1
Gen Improvement Info
Deposits: 1
Occupancy
Partially Leased: 1
Property Features
Location: Borders Undev Land
Construction: Log
Siding: Log
Roof: Asphalt/Comp Shingle
Property Features: Corners Marked
Exterior Features: Landscaping; Panoramic Views; Handicap Access
Interior Features: Dual Pane Windows; Smoke Detectors; Refrigerator; Range/Oven; Dishwasher; Disposal; Living Quarters; Laundry Facilities
Floor Type: Wood; Slab
Floor Covering: Wood; Tile
Cooling: Central; Electric Refrig.
Heating: Forced Air; Propane
Utilities Available: Electricity; Propane Piped; Town of Payson Water; Sewer Hooked In; Internet Hook Up; Trash
Possession: At Close of Escrow
Tenant Pays: Cable TV/Satellite
Documents on File: SPDS; Plat Map
Management: Owner/Family
Form of Ownership: Sole Proprietor
Sale Price Includes: Business; Building; Land; Fixtures; Personal Property; Contracts
Gen Improvement Info: Deposits
Occupancy: Partially Leased
Agency 
IDX
Listing Office: REALTY EXECUTIVES ARIZONA TERRITORY - PAYSON 3
Last Updated: October - 20 - 2024
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