$430,000
$445,000
3.4%For more information regarding the value of a property, please contact us for a free consultation.
603 S COLCORD Road Payson, AZ 85541
5 Beds
4 Baths
2,880 SqFt
Key Details
Sold Price $430,000
Property Type Condo
Sub Type Apartment
Listing Status Sold
Purchase Type For Sale
Square Footage 2,880 sqft
Price per Sqft $149
Subdivision Mogollon Rim Addition Amended
MLS Listing ID 6871957
Sold Date 07/09/25
Style Other
Bedrooms 5
HOA Y/N No
Year Built 1985
Annual Tax Amount $1,996
Tax Year 2024
Lot Size 7,497 Sqft
Acres 0.17
Property Sub-Type Apartment
Source Arizona Regional Multiple Listing Service (ARMLS)
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.
Location
State AZ
County Gila
Community Mogollon Rim Addition Amended
Direction From Hwy 87 turn west to Main St. North onto Colcord Road, in .2 mi property will be on your right.
Rooms
Den/Bedroom Plus 5
Separate Den/Office N
Interior
Interior Features Eat-in Kitchen, Breakfast Bar, 3/4 Bath Master Bdrm
Heating Mini Split, Electric
Cooling Central Air, Ceiling Fan(s), Mini Split, Window/Wall Unit
Flooring Carpet, Laminate, Linoleum
Fireplaces Type None
Fireplace No
Window Features Skylight(s)
Appliance Electric Cooktop
SPA None
Exterior
Parking Features Circular Driveway
Fence Block, Chain Link
Pool None
Roof Type Composition
Building
Lot Description Gravel/Stone Front, Gravel/Stone Back
Story 2
Builder Name Unknown
Sewer Public Sewer
Water City Water
Architectural Style Other
New Construction No
Schools
Elementary Schools Payson Elementary School
Middle Schools Rim Country Middle School
High Schools Payson High School
School District Payson Unified District
Others
HOA Fee Include No Fees
Senior Community No
Tax ID 304-03-038
Ownership Fee Simple
Acceptable Financing Cash, Conventional, 1031 Exchange
Horse Property N
Listing Terms Cash, Conventional, 1031 Exchange
Financing Other
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Bought with Non-MLS Office
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