$275,000
Tucson, AZ 85719
MLS# 21501505
Status: Closed
3528 sqft
1 / 9
Property Description
Fourplex centrally located near the university, downtown, the Arroyo Chico bike path and the interstate. Location, location, location! These 2 BR, 1 and 1/2 bath units have A/C, colored concrete or tile floors throughout, and updated kitchen appliances. This is a two story building with each unit having an upstairs. All tenants have been long term with an average rent of $575. Rents could easily be raised because of the amenities and location. These units are in good condition. Easy care units! Offers considered $280,000-300,000.
Details
Maps
Address Information
Country: USA
Street #: 1101
Direction: E
Street Name: 12Th
Suffix: Street
Post Direction: S
State/Province: AZ
Zip Code: 85719
County: Pima
Location, Tax & Legal
Tax Year: 2013
Taxes: 1891.52
Assessments: 0
Legal Description: Lot 9, in Block 45, of University Heights Addition, according to PC Recorder, recorded in Book 3 of Maps, Page 102
Township: 14
Community: None
Range: 14
Section: 18
Municipality/Zoning: Tucson - C3
Fire Protection: Included in Taxes
Tax Code: 124-12-029A
Area: Central
Subdivision: University Heights
Contract Information
Distressed Info: None
Current Price: $275,000
Sold Price: $275,000
Listing Date: 2015-01-15
Status: Closed
Status Change Info
Off Market Date: 2015-07-06
Sold Price/SqFt: 77.95
Lot Sz Sold Prc/SqFt: 48.56
How Sold: Conventional
Pending Date: 2015-08-24
Sold Date: 2015-08-28
Sold Price: $275,000
General Property Information
Dwelling Type: Quadruplex
Lot Dimensions: 120x50
Lot Acres: 0.13
Lot Sqft: 5663
Lot Size Source: Assessor
List Price/SqFt: 79.37
Lot Size Price/SqFt: 49.44
Combined SqFt: 3528
Year Built: 1983
Showing Information
Directions: West from Campbell on Broadway to Fremont, south to 12th Street. NE corner.
Unit Info
Avg Mo Rent/Studios: 0
Avg Mo Rent/1 BR: 0
# of Units/2 BR: 4
Avg Mo Rent/2 BR: 575
Avg Mo Rent/3 BR: 0
Avg Mo Rent/Other: 0
Income
Vacancy Loss: 552
Other Income: 0
Adjusted Gross: 27048
Total Expenses: 5512
Gross Scheduled Rent: 27600
Net Opp Income: 21536
Analysis
Gross Rent Multi: 10.17
Vacancy Rate %: 2
Exp/SqFt: 1.56
Exp % of Gross: 20.38
Cap Rate %: 7.83
Expenses
Admin Expenses: 0
Capital Expenses: 0
Contract Services: 0
Figures Presented: Actual
Gas/Electric: 360
Insurance: 720
Maintenance Supplies: 500
Management: 0
Resident Manager: 0
Taxes/Assessments: 1892
Water/Sewer: 2040
Other Expenses: 0
Sewer
Connected: 1
Water
Public: 1
Main Cooling
Heat Pump: 1
Main Heating
Heat Pump: 1
Interior Features
Interior Steps: Yes
Terms
Cash: 1
Conventional: 1
Submit: 1
Security
None: 1
Property Disclosures
Public Airport Vcty: 1
Miscellaneous
Master Water Meter: Yes
Remarks Misc
Geo Lat: 32.220681
Geo Lon: -110.954563
Property Features
Main Cooling: Heat Pump
Main Heating: Heat Pump
Sewer: Connected
Water: Public
Security: None
Terms: Cash; Conventional; Submit
Property Disclosures: Public Airport Vcty
Listing Office: Realty Executives Arizona Territory
Last Updated: July - 25 - 2026
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