Garden-Style Apartment
For Sale
Contact for pricing
Pending
120 S Tonto St, Payson, AZ 85541
One- and two-bedroom layouts include private patios, fireplaces, and full kitchens with dishwashers.
Property Size47,581 SF
Days on Market925
Property Features for 120 S Tonto St
General Information
Standard status
Pending
Size
47,581 SF
Class
B
Property subtype
Multifamily
Zoning
R-3
Occupancy
95%
Investment Type
Value Add
Building Details
Year Built
1995
Year Renovated
2023
Buildings
12
Stories
2
Units
45
Listing Agency:
CBRE - Phoenix
Listed By:
Brian Tranetzki · License #BR581404000
(602) 435-3636
Source:
Crexi
Added: Apr 5, 2024
Changed: Sep 10
Last Checked: Oct 15 at 12:06AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE - Phoenix
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Investment Insights
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Tonto Oaks Apartments is a 45-unit garden-style community built in 1995 with stick-built construction and pitched roofs. The property offers one- and two-bedroom floor plans measuring 850 SqFt and 1,180 SqFt, respectively. Units feature individual electric metering, separate hot water heaters, fireplaces, private patios, and full kitchens with dishwashers. Seventeen units have been renovated with stainless-steel appliances, granite countertops, custom cabinetry, wood plank vinyl flooring, updated bathrooms, fresh paint, ceiling fans, new doors, and in-suite full-size washers and dryers.
The community is located at 120 S Tonto St in Payson, adjacent to Payson High School and less than a quarter mile from Highway 87. Nearby Payson Village Shopping Mall includes Basha’s, Starbucks, Taco Bell, Arby’s, Sears, Big 5 Sporting Goods, and a Tesla charging center. The property is zoned R-3.
The community is located at 120 S Tonto St in Payson, adjacent to Payson High School and less than a quarter mile from Highway 87. Nearby Payson Village Shopping Mall includes Basha’s, Starbucks, Taco Bell, Arby’s, Sears, Big 5 Sporting Goods, and a Tesla charging center. The property is zoned R-3.
Key Highlights
- 45‑unit garden‑style apartment community built in 1995
- One- and two‑bedroom floor plans measuring 850 SqFt and 1,180 SqFt
- 17 units renovated with upgraded kitchens, bathrooms, flooring, doors, and appliances
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,004
Businesses Nearby
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Business Placement
Demographics for 85541, AZ
22,974
Population
15,908
Households
1.4
Avg Household Size
58
Median Age
24%
College-Educated
93%
High-School Grad
808.5 sq mi
ZIP Area
28
Density / Sq Mi
$63,857
Median Household Income
$36,590
Median Earnings
$1,290
Median Rent
$317,700
Median Home Value
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - One- and two-bedroom layouts include private patios, fireplaces, and full kitchens with dishwashers.
Where is this apartment building located?
The property is located at 120 S Tonto St Payson, AZ.
What are key features of this property?
This property features: 45‑unit garden‑style apartment community built in 1995; One- and two‑bedroom floor plans measuring 850 SqFt and 1,180 SqFt; 17 units renovated with upgraded kitchens, bathrooms, flooring, doors, and appliances
