$289,000

Description

This well-maintained multi-family property features two existing homes on a level 0.20-acre, fully fenced and gated lot zoned R3-MH, allowing up to three homes on the property. Beautifully landscaped with mature shade trees and peaceful meadow views, this low-maintenance property is tucked away in a quiet neighborhood just minutes from downtown Payson, schools, shopping, and restaurants. The Main House, currently rented, offers approximately 640± sq. ft. plus 225± sq. ft. of covered porches. Originally built around a pristine, insulated 1957 mobile home (approximately 284± sq. ft.), thoughtfully integrated into stick-built additions, it features a bright eat-in kitchen, spacious living room, large bedroom with built-in wardrobe and drawers, full bathroom, inside laundry, screened porch, and beautiful meadow views. Recent upgrades include two new mini-split systems, a newer central propane furnace, hot water heater, and an airtight wood-burning stove. The Guest House/Studio is a stick-built home offering approximately 240± sq. ft., completely remodeled in 2023. It features wood flooring, a modern kitchenette, comfortable living area, bedroom large enough for a queen-size bed, ¾ bath, mini-split heating and cooling, a 15-gallon water heater, abundant natural light, and peaceful meadow views. Both homes live much larger than their actual square footage. Whether you're seeking immediate rental income, a multi-generational living arrangement, or the opportunity to add a third home, this unique property offers exceptional flexibility and value. Don't miss this rare opportunity to own an income-producing property with future development potential in one of downtown Payson's most desirable neighborhoods.