$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. Potential rental income is $2,200 per month, making this an excellent investment or owner-occupant opportunity. The beautifully landscaped property offers mature shade trees, meadow views, low maintenance, and a quiet neighborhood just minutes from downtown, schools, shopping, and restaurants. The Main House, currently rented, offers approximately 640± sq. ft. of living space plus 225± sq. ft. of screened in and covered porches. This cabin was built to thoughtfully integrated into 2 large slab and stick built additions for a bedroom and living room, a pristine original insulated four-season Liberty Coach Company, Inc, Spence Craft 1957 Mobile Home (approximately 284± sq. ft.) manufactured in Bremen Indiana by Craftsmen home builders. It features a bright eat-in kitchen, full bath, spacious living room, large bedroom with built-in wardrobe and drawers, full bath, inside laundry, and beautiful meadow views. Recent upgrades include two mini-split systems, a central propane furnace, hot water heater, and an airtight wood-burning stove. The Guest House/Studio is a stick-built approximately 240± sq. ft. completely remodeled in 2023. It features wood flooring, a new kitchenette and living area, a bedroom large enough for a queen-size bed, ¾ bath, mini-split heating and cooling system, a 15-gallon hot water heater, abundant natural light, and peaceful meadow views. Both homes live much larger than their square footage suggests. Whether you're looking for rental income, multi-generational living, or future development potential, this unique property offers exceptional value. Come experience this charming property tucked away on a quiet, tree-lined street in one of downtown Payson's most desirable neighborhoods.