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Key Details
Sold Price $1,482,000
Property Type Multi-Family
Listing Status Sold
Purchase Type For Sale
Subdivision Frontier Condominiums
MLS Listing ID 6009726
Sold Date 02/14/20
Maintenance Fees $6,400
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 1985
Annual Tax Amount $6,763
Tax Year 2019
Lot Dimensions irreg
Property Description
19 unit portfolio of condos within the 42 unit West Frontier Condominiums located in beautiful Payson. Built in 1985 the property has recently received numerous recent upgrades by the HOA resulting in an immaculate and well maintained project.
Most (16) of the 19 units were refurbished in 2017-2019 allowing access to expanding market rents. Tenants pay electricity and the owner-paid monthly dues of $175/unit cover water-sewer-trash along with insurance, landscaping, property maintenance, repair and management. The Offering of 19 condos consists of 6 (1X1) and 13 (2X1) units.
There are an additional eight (8) units from a different owner that may be purchased in connection with this offering. This would bring the total to 27 unitsβ for mathematical control of the HOA & better financi
Location
State AZ
County Gila
Community Frontier Condominiums
Zoning RENTAL RESID
Direction 202 Freeway to Country Club Exit in Mesa, north on Beeline HWY (SR 87) for 67 miles to Payson. Or take Shea Boulevard from Fountain Hills north on the Beeline Highway (SR-87) approx 52 mi.
Interior
Heating Heat Pump, Electric
Cooling Heat Pump, Electric
Flooring Wood, Other
Appliance Dishwasher, Disposal, FS OvenRange, Refrigerator, WD Hookup
Exterior
Community Features No Pool
Waterfront No
Roof Type See Remarks, Composition
Total Parking Spaces 62
Building
Sewer Public Sewer
Water City Franchise
Schools
School District Out Of Area
Others
Senior Community No
Tax ID 304-08-142-B
Acceptable Financing Affordable Housing
Listing Terms Affordable Housing
Financing Cash
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Bought with Peterson Company
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