1306 N WOODLAND Drive, Payson, AZ 85541

$289,000
Property Type: Multiple Dwellings Status: Active
Current Price: $289,000 Last Modified: 5/23/2026

Overview

Description

Multi Family Rental. Two exceptionally well maintained existing homes, one large .20 acre flat square lot, zoned R3-MH allowing THREE homes on this property, and there is definitely room for that! Current rent revenue is $2200 month. Lot is fully fenced and gated, landscaped with shade trees, and meadow view. A Cap Rate estimate of 9-10%, low maintenance costs, in a great neighborhood, close to downtown and Payson schools. This property at this price will not be on the market for long. The Main House is 1 bth/1 bdr approx. 640 sqft with approx. 225 sgft covered porches, two new mini splits, a newer(6 yrs)central heat propane furnace, and a wood burning air tight stove. It is a 284 sqft restored and updated 1957 insulated mobile home that has been incorporated into a stick built

Supplements: home with an eat-in modern kitchen, large living room, lots of light, large bedroom with built in wardrobe and drawers, inside washer/dryer, a full bath, a meadow view, and an attached screened in porch. The Guest House/Studio is stick built. Remodeled in 2023, with wood flooring, new kitchenette/ living room area, bedroom large enough for a Queen ...

Listing Details MLS# 7032647

Location, Tax & Legal

House Number
1306
Compass
N
Street Name
WOODLAND
St Suffix
Drive
City/Town Code
Payson
State/Province
AZ
Zip Code
85541
Zip4
3246
Country
US
County Code
Gila
Subdivision
RANCHO DEL TONTO AMD
Assessor Number
302-41-005-C
Tax Year
2025
Assessor's Map #
41
Legal Description (Abbrev)
LOT 22 BLOCK RANCH TRACT B RANCHO DEL TONTO AMD
Assessor's Parcel #
5
Assessor Parcel Ltr
C
Add'l Parcels
No
Tax Municipality
Payson
Taxes
841
Legal
LOT 22 BLOCK RANCH TRACT B RANCHO DEL TONTO AMD
Marketing Name
1306 N. Woodland Payson

Contract Info

Ownership
Fee Simple

General Property Description

Lot Size Dimensions
.20
Year Built
1988
Uncvrd Parking Spcs
4
Total # of Units
2
# of Buildings
2
Zoning
R3-MH
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
Payson Hwy 87 North to Airline, east to Woodland drive to property on right

Legal Info

Township
11N
Range
10E
Section
34
Block
RANCH
Lot Number
22

Income Expenses

Net Operating Income
26400

More Information

Showing Notification Methods

Showing Service
Aligned Showings
Text
Yes
Phone Call
Yes

1 Bedroom Units

# 1 Bedroom Units
2
Avg Rent
1100
Avg SqFt
462
# Baths
2

Project Type

Other (See Remarks)
Yes

Construction

Wood Frame
Yes
Other
Yes

Const - Finish

Log Siding
Yes
Metal Siding
Yes
Wood Siding
Yes

Roofing

Composition
Yes

Floors

Tile
Yes
Wood
Yes
Carpet
Yes

Sale Includes

Land & Building
Yes

Income & Expenses

Owner Association
No
Annual Ownr Asoc Fee
0
Operating Exp
841
Other Income
0
Vacancy Allowance
0
Adjusted Gross Inc
0

Pmt & Rate Info

Cap Rate
9.13
Equity
289000
Down Payment %
0
Monthly Payments
0
Total Owed
0

Lockbox Type

None
Yes

Community Features

See Remarks
Yes

Heating

Heat Pump
Yes
Propane
Yes
Electric
Yes
Other
Yes

Cooling

Electric
Yes
Other
Yes

Tenant Pays

Gas
Yes
Electricity
Yes

Appliances Included

Free-Standing Electric Oven
Yes
Refrigerator
Yes

Road Surface Type

Asphalt
Yes

Source of Fincl Data

Owner
Yes

Water Source

City Franchise
Yes

Sewer

Sewer-In & Connected
Yes

Parking Features

Free
Yes

Electric

APS
Yes

Gas

Propane Piped
Yes

Owner Pays

Water
Yes
Sewer
Yes
Trash Collection
Yes

New Financing

Cash
Yes
Conventional
Yes

Reports/Disclosures

Seller Prop Disc Stm
Yes

Environmental

None
Yes

Efficiency Units

Avg Rent
0

2 Bedroom Units

Avg Rent
0

3 Bedrooms Units

Avg Rent
0

4 Bedrooms Units

Avg Rent
0

Property Features

Project Type: Other (See Remarks) Construction: Wood Frame; Other Const - Finish: Log Siding; Metal Siding; Wood Siding Roofing: Composition Floors: Tile; Wood; Carpet Sale Includes: Land & Building Community Features: See Remarks Appliances Included: Free-Standing Electric Oven; Refrigerator Heating: Propane; Heat Pump; Other Cooling: Electric; Other Water Source: City Franchise Sewer: Sewer-In & Connected Electric: APS Gas: Propane Piped Parking Features: Free Road Surface Type: Asphalt Owner Pays: Water; Trash Collection Tenant Pays: Electricity; Gas Source of Fincl Data: Owner Showing Notification Methods: Text; Phone Call Lockbox Type: None New Financing: Cash; Conventional Environmental: None
IDX
Listing Office: ERA-Young Realty & Investment
Last Updated: May - 23 - 2026
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