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Photo of Unit 23 at L23 & 24 Upper Cliffside Drive
Sold on May 13, 2022

30

Map

Photo of Unit 23 at L23 & 24 Upper Cliffside Drive
Photo of Unit 23 at L23 & 24 Upper Cliffside Drive
$37,000
● Land - Off Market

L23 & 24 Upper Cliffside Drive #23

Payson, AZ
bedrooms
Studio
bathrooms
0 Bath
$45,350
RealtyHop Estimate
0.78%
Since Jun 1, 2022
National-US
Primary Model

About This Property

FLOWING SPRINGS IS A SECLUDED GATED MOUNTAIN & RIVER COMMUNITY. Combined hillside lots equal 1.15 acres that borders the National Forest Wildlife Preserve and comes with privacy, mountain views, river access, and abundant wildlife. Private Water company can deliver water to the property with the cost refunded back over 10 years . This lot #23 (302-27-049- 0.48 acres) is included with lot #24 (302-27-050- 0.67 acres) for a total of 1.15 acres! Buyers to verify any and all information.
Unit Size
-
Days on Market
129 days
Land Size
1.15 acres
Price per sqft
-
Property Type
Land
Property Taxes
$12
HOA Dues
-
Year Built
-

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Cap Rate Calculator

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Cap Rate 100% Occupancy
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What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 3 months ago (ARMLS #6310983)

Price History

Date / Event Date Event Price
May 13, 2022 Sold
Premium
Sold
Oct 22, 2021 Listed by My Home Group Real Estate $45,000
Listed by My Home Group Real Estate

Property Highlights

Exterior Details
Other Structures: None
Building Area Units: Square Feet
Lot Features: Gated Community, North/South Exp, Borders Pres/Pub Lnd
Lot Size Area: 1.15
Lot Size Units: Acres
Lot Size Acres: 1.15
Lot Size Square Feet: 49767
Lot Size Dimensions: Irregular
Tax Lot: 23
Water Source: See Remarks, Private
Financial Details
Tax Map Number: 27.00
Tax Annual Amount: $141
Utilities Details
Sewer : None

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

Past Sales

Date Unit Beds Baths Sqft Price Closed Listed By

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ARMLS

Listed by: Nicholas Bosley, PLLC, My Home Group Real Estate
Last Updated: 3 months ago
Data Source: ARMLS, MLS# 6310983
All information should be verified by the recipient and none is guaranteed as accurate by ARMLS.
Brokerage email: [email protected]
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