1306 N Woodland Drive, Payson, AZ 85541 (MLS# 94095)

Overview

Description

Guest House now OPEN TO SHOW. Multi Family Rental. Two exceptionally well maintained existing homes, large .20 acre flat square lot, zoned R3-MH allowing THREE homes on this property, and there is definitely room for that! Rent revenue is $2200 month. Lot is fully fenced and gated, landscaped with shade trees, and meadow view. A Cap Rate estimate of 9-10%, low maintenance costs, in a great neighborhood, close to downtown and Payson schools. This property at this price will not be on the market for long. The Main House is 1 BR/1 BA approx. 640± sf with approx. 225± sf covered porches, two new mini splits, a newer(6 yrs)central heat propane furnace, and a wood burning air tight stove. It is a 284± sf restored and updated 1957 insulated mobile home that has been incorporated into a stick built home with an eat-in modern kitchen, large living room, lots of light, large bedroom with built in wardrobe and drawers, inside washer/dryer, a full bath, a meadow view, and an attached sc ... (Read more)

Location, Tax & Legal

Street #: 1306
Direction: N
Street Name: Woodland
Suffix: Drive
State: AZ
Zip Code: 85541
Area: Payson Northeast
Sub Code: Rancho Del Tonto
County: Gila
Lot #: 22
Zoning: R3-MH
Taxes: 841
Tax Year: 2025
Assessor's Book #: 302
Assessor's Map #: 41
Assessor's Parcel #: 005
Assessor's Parcl Ltr: C
APN #: 302-41-005C
HOA: No
Legal Description: LOT 22 BLOCK RANCH TRACT B RANCHO DEL TONTO AMD

Contract Information

Property Sub-Type: Other
List Price/SqFt: 329.91
List Type: Exclusive ARS
Foreclosure: No

General Property Description

Acres: 0.2
Lot Dimensions: .2
# Units: 2
# Parking Spaces: 4
Apx SqFt: 876
Year Built: 1988
Building Size: 876
Land Size: 0.2
Warranty Program: No
Vacancy %: 0

Status Change Info

Sold Price/SqFt: 0

Loan Info

1st Assumable: No
Accelerate: No
Must Qualify: Yes
Cash to Assume: 289000
Ttl Pmt after Assmpt: 0

To Show

Showing Service Name: Broker Bay

More Information

Siding

N/A - Other: Metal
Log: Yes
Wood: Yes

Cooling

N/A - Other: 3 mini splits
Electric Refrig.: Yes

Heating

N/A - Other: 3 mini splits
Heat Pump: Yes
Fireplace/Woodstove: Yes
Electric: Yes
Propane: Yes

Remarks & Misc

Directions: Payson Hwy 87 North to Airline, east to Woodland drive to property on right
Public Remarks: Guest House now OPEN TO SHOW. Multi Family Rental. Two exceptionally well maintained existing homes, large .20 acre flat square lot, zoned R3-MH allowing THREE homes on this property, and there is definitely room for that! Rent revenue is $2200 month. Lot is fully fenced and gated, landscaped with shade trees, and meadow view. A Cap Rate estimate of 9-10%, low maintenance costs, in a great neighborhood, close to downtown and Payson schools. This property at this price will not be on the market for long. The Main House is 1 BR/1 BA approx. 640± sf with approx. 225± sf covered porches, two new mini splits, a newer(6 yrs)central heat propane furnace, and a wood burning air tight stove. It is a 284± sf restored and updated 1957 insulated mobile home that has been incorporated into a stick built home with an eat-in modern kitchen, large living room, lots of light, large bedroom with built in wardrobe and drawers, inside washer/dryer, a full bath, a meadow view, and an attached screened in porch. The Guest House/Studio is stick built. Remodeled in 2023, with wood flooring, new kitchenette/ living room area, bedroom large enough for a Queen bed, and a 3/4 bath. This Tiny Home approx. 240± sf has electric mini split heat and A/C, 19 gal HWH, lots of light with a bedroom window view of the meadow. Both homes ''live'' larger than their sqft. Must see this property to appreciate. Welcome to the neighborhood in the trees on this quiet back street in downtown Payson.

Income/Sales Info

Net Operating Income: 21,000 - 30,999
Cap Rate: 9 - 9.9%
Down Payment: CLO

Construction

Wood Frame: Yes

Interior Features

Master Main Floor: Yes
Refrigerator: Yes
Range/Oven: Yes
Laundry Area: Yes
Smoke Detector: Yes

Floor Covering

Carpeting: Yes
Tile: Yes
Wood: Yes

Property Features

Chain Link: Yes
Wood Fence: Yes

Lot/Street Improvem.

Blacktop Street: Yes

Type/Style

Single Level: Yes

Garage/Carport

None: Yes

Exterior Features

Covered Patio: Yes
Covered Porch/Deck: Yes
Screened Porch/Deck: Yes
Landscaped: Yes
View of Mountains: Yes
Guest Quarters: Yes

Roof

Asphalt/Comp Shingle: Yes

Possession

At Close of Escrow: Yes

Owner May Sell/Terms

Cash: Yes
Conventional: Yes

Floor Type

Wood: Yes
Slab: Yes

Fireplace/Woodstove

Woodstove: Yes

Utilties Available

Electricity: Yes
Propane Piped: Yes
Town of Payson Water: Yes
Sewer Hooked In: Yes
Telephone: Yes
Cable TV/Satellite: Yes
Internet Hook Up: Yes
Trash: Yes

Included In Rent

Water: Yes
Sewer: Yes
Trash: Yes

Documents on Fle

Legal Description: Yes
SPDS: Yes
Plat Map: Yes
Leases: Yes
Security Deposits: Yes

Leases

Weekly: Yes
6 Month - 1 Year: Yes
No Pets: Yes

Management

Owner/Family: Yes

Existing Finance Fee

Free & Clear: Yes

Property Features

Construction: Wood Frame Siding: Log; Wood Roof: Asphalt/Comp Shingle Property Features: Chain Link; Wood Fence Exterior Features: Covered Patio; Covered Porch/Deck; Screened Porch/Deck; Landscaped; View of Mountains; Guest Quarters Interior Features: Master Main Floor; Refrigerator; Range/Oven; Laundry Area; Smoke Detector Floor Type: Wood; Slab Floor Covering: Carpeting; Tile; Wood Cooling: Electric Refrig. Heating: Heat Pump; Fireplace/Woodstove; Electric; Propane Utilties Available: Electricity; Propane Piped; Town of Payson Water; Sewer Hooked In; Telephone; Cable TV/Satellite; Internet Hook Up; Trash Possession: At Close of Escrow Included In Rent: Water; Sewer; Trash Documents on Fle: Legal Description; SPDS; Plat Map; Leases; Security Deposits Leases: Weekly; 6 Month - 1 Year; No Pets Existing Finance Fee: Free & Clear Management: Owner/Family