518 N Colcord Rd., Payson, AZ 85541

Versatile Payson Property with Guest Studio, NO HOA & .27 Acre Lot. Rare opportunity to own a flexible property featuring a 2 bedroom, 1 bath main home (1,080 sq ft) plus a 400 sq ft studio space setup for extra living, has a full bath and kitchen area -- possible rental income, multigenerational living, home office, or small business use. Main home was updated in the early 80's. The main residence offers comfortable living space with room for a dedicated office or bonus area, making it ideal for remote work or hobby space. The detached studio (ADU-style setup) provides excellent privacy and income potential with its own kitchen and full bathroom. Situated on a .27 acre, 100% flat and usable lot, this property features a large fenced yard, abundant parking, and low-maintenance zero-scaped landscaping that is beautifully manicured and easy to care for. Located with convenient access to parks, grocery stores, restaurants, and local amenities, this property combines flexibility, functionality, and investment potential -- all with NO HOA restrictions.