$951,000
Tucson, AZ 85745
MLS# 21812347
Status: Closed
9512 sqft
1 / 11
Property Description
Prime Menlo Park location! RARE opportunity to buy existing well-built 14-unit masonry complex, in hip and cool Menlo Park, at the base of A-Mountain. Units have individual laundry rooms and most units have ceramic tile flooring throughout. 6 duplexes, 1 rented house, and 1 freestanding owner's unit. All units individually metered for gas and electricity. One-bedroom duplexes are 1,200 SF; 2-bedroom is 1,586 SF. Great upside for SIGNIFICANT rent increases; simply add A/C and ''charm-up'' the exterior. Owned by the same family for decades. Property is only 4-blocks to the modern streetcar, new Caterpillar headquarters, restaurants, bars, entertainment, & the farmer's market in the Mercado District. Great views and a short streetcar trip to downtown Tucson and the UofA.
Details
Maps
Address Information
Country: USA
Street #: 1205-1233
Direction: W
Street Name: Cedar
Suffix: Street
State/Province: AZ
Zip Code: 85745
County: Pima
Location, Tax & Legal
Tax Year: 2017
Taxes: 5374
Assessments: 0
Legal Description: MENLO PARK ANNEX AMENDED LOT 8, 9 & 10 BLK 4
Municipality/Zoning: Tucson - R2
Fire Protection: Included in Taxes
FEMA Flood Zone: No
Municipal Flood Zone: No
Tax Code: 116-21-148A
Area: West
Contract Information
Method of Title: Fee (Simple)
Short Sale: No
Current Price: $951,000
Sold Price: $951,000
Listing Date: 2018-04-30
Status: Closed
Status Change Info
Off Market Date: 2018-04-30
Sold Price/SqFt: 99.98
Lot Sz Sold Prc/SqFt: 28.35
Financing: Conventional
Pending Date: 2018-05-23
Sold Date: 2018-06-08
Sold Price: $951,000
General Property Information
Property Sub-Type: Apartment
Construction Status: Existing
# Units: 14
Lot Dimensions: Irregular
Lot Acres: 0.77
Total Parking: 15
Lot Sqft: 33541
Lot Size Source: Assessor
Source of SqFt: Assessor
List Price/SqFt: 105.03
Lot Size Price/SqFt: 29.78
Year Built: 1973
Combined SqFt: 9512
Showing Information
Directions: I-10 / Congress Street - West, Melrose - South, Cedar - West to Address.
Electric
Electric Company: TEP
Income
Vacancy Loss: 2997
Other Income: 0
Adjusted Gross: 96903
Total Expenses: 23626
Gross Scheduled Rent: 99900
Net Opp Income: 73277
Gas
Natural: 1
Analysis
Gross Rent Multi: 9.81
Vacancy Rate %: 3
Exp/SqFt: 2.48
Exp % of Gross: 24.38
Cap Rate %: 7.71
Construction
Slump Block: 1
Expenses
Admin Expenses: 0
Captial Expenses: 0
Contract Services: 1212
Figures Presented: Actual
Gas/Electric: 0
Insurance: 3840
Maintenance Supplies: 4800
Management: 0
Resident Manager: 0
Taxes/Assessments: 5374
Water/Sewer: 7800
Other Expenses: 600
Sewer
Connected: 1
Apartment Unit Information
# of Units/1 BR: 10
Avg Mo Rent/1 BR: 525
# of Units/2 BR: 3
Avg Mo Rent/2 BR: 650
Roof
Built-Up - Reflect: 1
Water
Public: 1
Fence
Chain Link: 1
Road Type
Paved: 1
Lot Features
Adjacent to Alley: 1
East/West Exposure: 1
North/South Exposure: 1
Main Cooling
Central Air: 1
Evaporative Cooling: 1
Main Heating
Forced Air: 1
Natural Gas: 1
Water Heater
Natural Gas: 1
Terms
Cash: 1
Conventional: 1
Submit With Offer
Proof of Funds: 1
Accessibility Option
None: 1
Special Conditions
None: 1
Security
Other: Security Doors
Sold Info
Seller Concessions: 0
Seller Paid Repairs: 0
Selling Comments: 'AS IS' Sale
Landscape - Front
Decorative Gravel: 1
Desert Plantings: 1
Low Care: 1
Landscape - Rear
Low Care: 1
Property Disclosures
Easements: 1
Lead Based Paint: 1
Leases: 1
Remarks Misc
Geo Lat: 32.218095
Geo Lon: -110.990888
Property Features
Construction: Slump Block
Roof: Built-Up - Reflect
Main Cooling: Central Air; Evaporative Cooling
Main Heating: Forced Air; Natural Gas
Water Heater: Natural Gas
Gas: Natural
Sewer: Connected
Water: Public
Accessibility Option: None
Fence: Chain Link
Landscape - Front: Decorative Gravel; Desert Plantings; Low Care
Landscape - Rear: Low Care
Road Type: Paved
Lot Features: Adjacent to Alley; East/West Exposure; North/South Exposure
Terms: Cash; Conventional
Submit With Offer: Proof of Funds
Property Disclosures: Easements; Lead Based Paint; Leases
Special Conditions: None
Listing Office: Tierra Antigua Realty
Last Updated: September - 09 - 2026
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