300 W Frontier Street , #3

    Payson, AZ 85541
    • $1,549,000
    • STATUS: Active
    • ON SITE: 10 days
    • MLS #: 5986019
    UPDATED: 44 min ago
    $1,549,000
    • 0
      BEDS
    • N/A
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1985
    County:
    Area:

    School Ratings & Info

    School District:

    Description

    This offering includes 19 of 42 condo units consisting of 6 (1X1) and 13 (2X1)units. Vacancy is minimal and income is stabilized with rents increasing offering significant upside in cash flow and value. 16 units have received extensive upgrades over the past two years including new flooring, cabinets, counters, breakfast bars, appliance packages, ceiling fans, and fixtures. Recent site improvements include new roofs and HVAC in 2014. In the pasttwo years the exterior grounds were re-engineered for improved drainage and enhanced appearance, all new walkways were installed and the concrete stair steps were replaced. Upstairs unit landings and entries have had fresh indoor-outdoor carpeting installed and there are all new washers and dryers in the laundry room.

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    © 2019 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than The Everest Team at eXp Realty. Data last updated 2019-10-13T18:10:54.067.
    www.theeverestteam.com/homes/99524985

    300 W Frontier Street , #3 Payson, AZ 85541

    • Price: $1,549,000
    • Status: Active
    • Updated: 44 min ago
    • MLS #: 5986019
    0
    Beds
    0
    Baths
    0
    ½ Baths
    N/A
    Acres
    1985
    Built
    Neighborhood:
    Frontier Condominiums
    County:
    Gila
    Area:
    Payson
    School District:
    000 - Out of Area
    Property Description
    This offering includes 19 of 42 condo units consisting of 6 (1X1) and 13 (2X1)units. Vacancy is minimal and income is stabilized with rents increasing offering significant upside in cash flow and value. 16 units have received extensive upgrades over the past two years including new flooring, cabinets, counters, breakfast bars, appliance packages, ceiling fans, and fixtures. Recent site improvements include new roofs and HVAC in 2014. In the pasttwo years the exterior grounds were re-engineered for improved drainage and enhanced appearance, all new walkways were installed and the concrete stair steps were replaced. Upstairs unit landings and entries have had fresh indoor-outdoor carpeting installed and there are all new washers and dryers in the laundry room.
    Exterior Features

    Construction Frame - Wood Construction Finish PaintedSiding Covered Parking Spaces 0.00 Exterior Amenities Desert LandscapingPartially FencedSatellite DishCable Tv AvailablePatio/BalconyPet RestrictionsSecurity Light(S) Lot Size Dimensions irreg Parking Paved Parking>1 Space Per UnitAdd'l Parking AvailAssigned Roads Asphalt/BlacktopConcrete Roofing Comp Shingle Total Parking Spaces 60.00

    Interior Features

    1 Bedroom Unit Avg Sq Ft 550 1 Bedroom Unit Baths 1 2 Bedroom Unit Avg Sq Ft 700 2 Bedroom Units Baths 1 3 Bedroom Unit Avg Sq Ft 0 3 Bedroom Unit Baths 0 4 Bedroom Unit Avg Sq Ft 0 4 Bedroom Unit Baths 0 Appliances Included F/S Oven/RangeRefrigeratorDishwasherDisposal Cooling Electric RefrigeratdHeat Pump Efficiency Unit Avg Sq Ft 0 Efficiency Unit Baths 0 Floors ConcreteCeramic TileVinyl/Composition Heating ElectricHeat Pump Interior Amenities UnfurnishedFire/Smoke Alarm(S)Mini BlindsBreakfast Bar

    Property Features

    1 Bedroom Unit Avg Rent 700.00 1 Bedroom Units 6 2 Bedroom Unit Avg Rent 825.00 2 Bedroom Units 13 3 Bedroom Unit Avg Rent 0.00 3 Bedroom Units 0 4 Bedroom Unit Avg Rent 0.00 4 Bedroom Units 0 Adjusted Gross Inc 164464.00 Annual Elec Exp 706.00 Annual Gas Exp 0.00 Annual Ins Exp 6012.00 Annual Land Lse Exp 0.00 Annual Landscape Exp 0.00 Annual Legal And Acctg 560.00 Annual Maint Exp 6800.00 Annual Mgmt Exp 14400.00 Annual Other Expense 0.00 Annual Ownr Asoc Fee 39900.00 Annual Pad Fee 0.00 Annual Rplcmnt Rsrvs 0.00 Annual Trash Exp 0.00 Annual Wtr Swr Exp 0.00 Community Amenities Play Area Cross Street Beeline Highway & West Frontier St Efficiency Unit Avg Rent 0.00 Efficiency Units 0 Electric Aps Gas Propane Piped Gross Annual Sch Inc 171900.00 Hoa YN Yes Net Operating Income 88083.00 New Financing ConventionalNo Carry Operating Exp 68745.00 Other Income 1220.00 Owner Pays WaterSewerTrashLandscaping Project Type 13 - 24 Units Sale Includes Other (See Remarks) Sewer Sewer - Public Source Of Financial Data Provided By Owner Special Owner/Agent Tax Municipality Payson Taxes 367.00 Tenant Pays ElectricCable Tv Vacancy Allowance 0.05 Water City Franchise Zoning Rental Resident

    Listing courtesy of Kasten Long Commercial Group.


    © 2019 Arizona Regional Multiple Listing Service, Inc. All rights reserved. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. The ARMLS logo indicates a property listed by a real estate brokerage other than The Everest Team at eXp Realty. Data last updated 2019-10-13T18:10:54.067.
     
    The Everest Team at eXp Realty
    4921 S. Alma School Rd.
    Chandler AZ, 85248