603 S COLCORD Road, Payson, AZ 85541

$430,000
Property Type: Residential Bedrooms: 5 Baths: 4 Lot Size (sq. ft.): 7,497 Status: Closed
Current Price: $430,000 Last Modified: 7/10/2025

Overview

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.

Listing Details MLS# 6871957

Location, Tax & Legal

House Number
603
Compass
S
Street Name
COLCORD
St Suffix
Road
City/Town Code
Payson
State/Province
AZ
Zip Code
85541
Zip4
5300
Country
US
County Code
Gila
Assessor Number
304-03-038
Subdivision
MOGOLLON RIM ADDITION AMENDED
Tax Year
2024

Contract Information

Type
Exclusive Right To Sell
Ownership
Fee Simple
Co-Ownership (Fractional) Agreement YN
No

General Property Description

Dwelling Type
Apartment
Dwelling Styles
Stacked
Exterior Stories
2
# of Interior Levels
Yes
# Bedrooms
5
Total Bathrooms
4
Approx SQFT
2880
Price/SqFt
149.3
Horses
N
Builder Name
Unknown
Year Built
1985
Approx Lot SqFt
7497
Approx Lot Acres
0.172
Flood Zone
No
Community Pool Y/N
No
Private Pool Y/N
No
Fireplace YN
No
Elementary School District
Payson Unified District
High School District
Payson Unified District
Elementary School
Payson Elementary School
Jr. High School
Rim Country Middle School
High School
Payson High School

Remarks Misc

Directions
From Hwy 87 turn west to Main St. North onto Colcord Road, in .2 mi property will be on your right.

Status Change Info

Off Market Date
2025-06-07
Under Contract Date
2025-06-07
Close of Escrow Date
2025-07-09

Legal Info

Township
10N
Range
10E
Section
03
Lot Number
41 & 40

More Information

Basement

Basement Y/N
N

Showing Notification Methods

Showing Service
Aligned Showings

Sold Info

Loan Type
Other
Closing Cost Split
Normal - N
Buyer Concession $/%
$
Seller Concession $/%
$

Property Features

Special Listing Cond: N/A Add'l Property Use: None Architecture: Other Building Style: 2-3-4 Plex Master Bathroom: 3/4 Bath Master Bdrm Flooring: Carpet; Laminate; Linoleum Spa: None Dining Area: Eat-in Kitchen; Breakfast Bar Kitchen Features: Range/Oven Elec; Electric Cooktop; Disposal; Built-in Microwave; Refrigerator; Non-laminate Counter Laundry: Washer Included; Dryer Included; Inside Interior Features: Skylight(s) Parking Features: Circular Driveway Road Responsibility: City Maintained Road Construction: Wood Frame Const - Finish: Vertical Siding Roofing: Composition Cooling: Central Air; Ceiling Fan(s); Window/Wall Unit; Mini Split Heating: Electric; Mini Split Plumbing: Electric Hot Wtr Htr Utilities: APS Water Source: City Water Sewer: Sewer - Public Fencing: Block; Chain Link Landscaping: Gravel/Stone Front; Gravel/Stone Back Showing Notification Methods: Phone Call Lockbox Type: None Possession: Close of Escrow Unit Style: Two Levels Association Fee Incl: No Fees Existing 1st Loan: Treat as Free&Clear New Financing: Cash; Conventional; 1031 Exchange Disclosures: Seller Discl Avail
IDX
Listing Office: Coldwell Banker Bishop Realty
Office Phone: 928-474-2216
Last Updated: July - 10 - 2025
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