$625,000
Tucson, AZ 85705
MLS# 21920626
Status: Closed
4341 sqft
1 / 49
Property Description
Seller will look at offers between $750,000 and $850,000.Fondly known as ''The Big Blue House'' this Tucson Boutique Inn makes it a perfect bed and breakfast. Located in the West University Historic District near downtown on University Boulevard and 6th Avenue and near a metro street car station and all things U of A! Consists of one attached 1 bedroom apartment and 1 detached guest house for a total of 10 rooms with private kitchens/bathrooms. The upgrades that have been made over the years make these units an exceptional income property for the downtown and University of Arizona markets. Hardwood and tile flooring maintain the charm of this home keep it up-to-date.
Details
Maps
Documents
Address Information
Country: USA
Street #: 144
Direction: E
Street Name: University
Suffix: Boulevard
State/Province: AZ
Zip Code: 85705
County: Pima
Location, Tax & Legal
Tax Year: 2019
Taxes: 5768.94
Assessments: 0
Taxes For: Building & Land
Legal Description: Tucson E134.8' Lot 1 & 134.8' N6 Lot 4 Blk 39Historic Property (Potential Additional Tax)
Municipality/Zoning: Tucson - HR3
Fire Protection: Included in Taxes
Tax Code: 117-03-2710
Area: Central
Contract Information
Method of Title: Fee (Simple)
Short Sale: No
Current Price: $625,000
Sold Price: $625,000
Listing Date: 2019-08-06
Status: Closed
Status Change Info
Off Market Date: 2020-10-10
Sold Price/SqFt: 143.98
Lot Sz Sold Prc/SqFt: 65.22
Financing: Other
Pending Date: 2021-01-06
Sold Date: 2021-01-08
Sold Price: $625,000
Showing Information
Directions: From 6th & 6th, West on University
General Property Information
Property Sub-Type: Hotel/Motel
Construction Status: Existing
# Units: 2
Lot Dimensions: 134.80 x 72
Lot Acres: 0.22
Total Parking: 2
Lot Sqft: 9583
Multi-Tenant: Yes
Lot Size Source: Assessor
Source of SqFt: Floor Plan
List Price/SqFt: 149.74
Lot Size Price/SqFt: 67.83
Year Built: 1903
Combined SqFt: 4341
Electric
Electric Company: TEP
Income
Vacancy Loss: 88000
Adjusted Gross: 352000
Gross Scheduled Rent: 440000
Net Opp Income: 219500
Gas
Natural: 1
Analysis
Gross Rent Multi: 2.55
Vacancy Rate %: 20
Exp % of Gross: 123200
Cap Rate %: 24
Construction
Mud Adobe: 1
Expenses
Admin Expenses: 0
Captial Expenses: 5400
Contract Services: 0
Figures Presented: Proforma
Insurance: 1500
Maintenance Supplies: 5400
Management: 0
Resident Manager: 0
Taxes/Assessments: 5642
Water/Sewer: 2200
Other Expenses: 5000
Sewer
Connected: 1
Unit Information
Hotel/Motel: Full Service
Other: Air B & B
Apartment Unit Information
# of Units/1 BR: 10
Avg Mo Rent/1 BR: 2250
Roof
Shingle: 1
Water
Public: 1
Property Features
Entertainment Center Equipped: Partial
Fire Sprinklers: 1
Interior Steps: 1
Smoke Detector: 1
Storage: 1
Fence
None: 1
Road Type
Paved: 1
Fenced Storage
Yes: 1
Lot Features
Corner Lot: 1
North/South Exposure: 1
Subdivided: 1
Main Cooling
Ceiling Fan(s): 1
Wall Unit(s): 1
Zoned: 1
Main Heating
Natural Gas: 1
Wall Furnace: 1
Zoned: 1
Water Heater
Natural Gas: 1
Terms
Cash: 1
Conventional: 1
Submit With Offer
Digital Signature Accepted: 1
Loan Pre-Qualifiaction: 1
Accessibility Option
None: 1
Security
None: 1
Green Features
Bath Exhaust Out: 1
Kit Exhaust Out: 1
Rainwater Harvesting: 1
Sold Info
Seller Concessions: 0
Landscape - Front
Decorative Gravel: 1
Shrubs: 1
Trees: 1
Landscape - Rear
Decorative Gravel: 1
Shrubs: 1
Trees: 1
Parking
Public Parking: 1
Business Location
Corner Lot: 1
Freeway/Highway
Up to 1 Mile: 1
Traffic Count
Unknown: 1
Possession
Immediate: 1
Restrictions
CC&R: 1
Deed: 1
Property Disclosures
Deed Restrictions: 1
Lead Based Paint: 1
Special Conditions
None: 1
Remarks Misc
Geo Lat: 32.231412
Geo Lon: -110.969034
Property Features
Property Features: Fire Sprinklers; Interior Steps; Smoke Detector; Storage
Construction: Mud Adobe
Roof: Shingle
Fenced Storage: Yes
Main Cooling: Ceiling Fan(s); Wall Unit(s); Zoned
Main Heating: Natural Gas; Wall Furnace; Zoned
Water Heater: Natural Gas
Gas: Natural
Sewer: Connected
Water: Public
Accessibility Option: None
Security: None
Green Features: Bath Exhaust Out; Kit Exhaust Out; Rainwater Harvesting
Fence: None
Landscape - Front: Decorative Gravel; Shrubs; Trees
Landscape - Rear: Decorative Gravel; Shrubs; Trees
Road Type: Paved
Parking: Public Parking
Lot Features: Corner Lot; North/South Exposure; Subdivided
Business Location: Corner Lot
Traffic Count: Unknown
Terms: Cash; Conventional
Possession: Immediate
Submit With Offer: Digital Signature Accepted; Loan Pre-Qualifiaction
Property Disclosures: Deed Restrictions; Lead Based Paint
Special Conditions: None
Restrictions: CC&R; Deed
Supplements
If you're looking for a boutique inn or a great bed and breakfast look no further than The Big Blue House! Business being sold with property for info and company go to 144university.c
Sellers Disclosure 
Listing Office: Long Realty
Last Updated: August - 13 - 2025
The data relating to real estate listings on this website comes in part from the Internet Data Exchange (IDX) program of Multiple Listing Service of Southern Arizona. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listings provided by brokerages other than the listing brokerage here are identified with the MLSSAZ IDX Logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate. Listing information Copyright 2020 MLS of Southern Arizona. All Rights Reserved.
