200 S old highway Highway # 188, Tonto Basin, AZ
$ 2,489,000
Property Attributes
  • MLS#6559398
  • TypeContingent
  • CountyGILA
  • CityTonto Basin
  • Zip85553
  • StyleMultiple Dwellings
  • Year Built1995
  • Taxes$ 172
  • Price$ 2,489,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
Data Source:
Arizona Regional MLS (ARMLSN)
Property Description

Thirty miles south of Payson, this park has Huge upside. Rents are 60-75% below market rents for the area. The park includes a two acre vacant lot that is fenced with electronic gate and is ready for RV/Boat storage. The going boat rental for outdoor storage in the area is $50-75 per month. This would add $39,000 of annual income. Further the park includes a vacant commercial unit (approx 1,200 sq ft) that can be rented to a retail vendor or other. Rents for the onsite restaurant are very low and could be raised. Immediate efficiencies made to the park would add immediate value.

Price History
5/22/2023 Listed $2,700,000
8/6/2023 8% - $2,490,000
8/30/2023 1% - $2,489,000

General Features

Additional Parcels Y/N Yes
Attached Garage No
Cap Rate 2.59
Carport Y/N No
City Tonto Basin
Community Features Barbecue, Shuffle Brd/Lawn Bwl, No Pool
Construction Materials Painted, Block
Cooling None
County Gila
Days on Market 135
Directions From Phoenix: Take Hwy 87 north towards Payson, to 188 exit. Go approximately 15 miles South to Tonto Basin follow signs
Disclosures Water Well Report, Water Cap/Quality Rp, APOD/Backup Avaible
Electric APS, Submetered System
Electric Expense 41000.0
Elementary School District Tonto Basin Elementary District
Garage Y/N No
Gross Income 137000.0
Heating Electric, Natural Gas, Propane
High School District Hayden-Winkelman Unified District
Insurance Expense 6000.0
Lease Considered Y/N No
Lease Renewal Y/N No
Lot Size Square Feet 0.0
Maintenanceexpense 15000.0
Mobilehomeremainsyn No
Net Operating Income 70000.0
New_sp_Financing_co_Conventional5 True
Open Parking Spaces 60.0
Operating Expense 77172.0
Ownerpays Trash Collection, Water, Sewer
Ownership Fee Simple
Property Type Multiple Dwellings
Rent Control Y/N No
Roof Rolled/Hot Mop
Sewer Septic Tank
Standard Status Active Under Contract
Status UCB (Under Contract-Backups)
Street Name old highway
Tax Annual Amount 172.0
Tax Lot 5
Tax Year 2021
Tenant Pays Gas, Electricity
Total Units 39
Township 06N
Unit Number 188
View Y/N No
Year Built 1995
Zoning MHP

Interior Features

Air Conditioning Y/N Yes
Electric On Property Y/N No
Heating Y/N Yes
Street Suffix Highway

Exterior Features

Covered Spaces 0.0
Crops Included Y/N No
Irrigation Water Rights Y/N No
Lot Dimensions 9 acres +/-
Lot Size Acres 0.0
Lot Size Area 0.0
Number of Buildings 4
Open Parking Y/N No
Parking Features Fee, RV/Boat Parking, Add'l Parking Avail
Road Surface Type Gravel
Spa No
Total Parking 60.0
Water Source See Remarks, Domestic Well, Shared Well, None


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Contingent Average in 85553

AVG $2.49M
AVG $172
AVG 306
Data Provided by Inside Real Estate®
Year Built
AVG 1995

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