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    Payson, AZ Apartment Buildings for Sale

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    Tonto Oaks Apartments: Payson, AZ
    $10,863,000
    47,581 SF

    Tonto Oaks Apartments: Payson, AZ

    120 Tonto St, Payson, AZ 85541

    45-unit apartment complex, value-add opportunity

    • 45‑unit apartment community totaling 47,581 square feet in Payson, Arizona.
    • Desirable location adjacent to Payson High School, near Highway 87 and Payson Village Shopping Mall.
    • Mix of one- and two‑bedroom units (850‑1,180 sq ft), 17 units fully renovated with new kitchens, bathrooms, flooring, and in‑suite laundry.
    • Significant value‑add opportunity with projected rental increases of $250 (one‑bedroom) and $430 (two‑bedroom) upon renovation of remaining units.
    • 2.07‑acre lot, 12 two‑story buildings, individually metered for electricity and hot water; 95% occupancy, $617,161 NOI, $720,566 pro‑forma NOI, 5.68% cap rate, 6.63% pro‑forma cap rate. Asking price: $10,863,000 ($241,400 per unit).
    Updated: Dec 11, 2024
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    Based on your search, we've compiled 6 Potential Opportunities for your consideration. Besides 1 Active listings in Payson, AZ, we suggest exploring several alternatives: 4 properties in Nearby Cities, and similar 1 Off-Market properties to explore as potential leads

    Explore Opportunities in Nearby Cities

    Here are 4 Similar properties we found in Nearby Locations for your consideration.

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    Fountain Hills Condo with Views
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    Updated Condo with Golf Views
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    Remodeled Scottsdale Condo Near TPC
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    Remodeled Scottsdale Condo Near TPC

    Remodeled 3 bed, 2 bath condo near TPC Scottsdale.

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    Explore Off-Market Properties in Payson, AZ

    Consider similar Off-Market properties in Payson, AZ. You may contact the owners directly to inquire about their potential intentions to sell. To help you make a strong first impression, we can assist by reaching out to these owners with compelling proposals created using our AI tool.

    120 Tonto St

    120 Tonto St

    Multifamily properties • 47,581 SF
    Value Estimation by Request
    120 Tonto St, Payson, AZ 85541
    View details

    Payson, AZ Apartment Buildings Investment Opportunities Market Analysis

    Explore 2 apartment buildings for sale in Payson, AZ on our real estate platform. These investment opportunities span a total of 90,169 square feet of properties for sale, with an estimated market value of $10,863,000.

    Prices for two-family homes in Payson, AZ start at $10,863,000, averaging $10,863,000, and reaching up to $10,863,000 — offering options for a variety of budgets and business needs. Daily updated analytics ensure you have the most current data.

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