$433,500
Tucson, AZ 85705
MLS# 21819498
Status: Closed
5771 sqft
1 / 10
Property Description
8 brightly colored units reminiscent of a charming village lane! All on a .59 acre lot in convenient north central Tucson neighborhood. 4 casitas, one triple, one 1,465 sq ft. 2bd/2ba SFR. Income and expenses are actual for 2017. Vacancy factor reflects that owner took more time then necessary to prepare unit(s), when vacated, for re-renting. Units rent VERY FAST when placed on market. 2017 water/sewer expense includes trash pick-up. Nice units RENT EASILY and have individual washer hook-ups. Tenants like the separate casitas, landscaped grounds and neighborhood! Owner is licensed to sell real estate in Arizona.
Details
Maps
Documents
Address Information
Country: USA
Street #: 2528
Direction: N
Street Name: Fontana
Suffix: Avenue
State/Province: AZ
Zip Code: 85705
County: Pima
Location, Tax & Legal
Tax Year: 2017
Taxes: 3301.91
Assessments: 0
Legal Description: Coronado Heights Lot 6 Exc S60' W170' Blk 51
Municipality/Zoning: Tucson - R2
Fire Protection: Included in Taxes
FEMA Flood Zone: No
Municipal Flood Zone: TBD
Tax Code: 107-14-0570
Area: Central
Contract Information
Method of Title: Fee (Simple)
Short Sale: No
Current Price: $433,500
Sold Price: $433,500
Listing Date: 2018-07-16
Status: Closed
Status Change Info
Off Market Date: 2018-10-05
Sold Price/SqFt: 75.12
Lot Sz Sold Prc/SqFt: 16.87
Financing: Conventional
Pending Date: 2018-11-23
Sold Date: 2018-11-26
Sold Price: $433,500
General Property Information
Property Sub-Type: Apartment
Construction Status: Existing
# Units: 8
Lot Dimensions: Irregular
Lot Acres: 0.59
Lot Sqft: 25700
Multi-Tenant: Yes
Lot Size Source: Assessor
Source of SqFt: Assessor
Leasable SqFt: 5771
List Price/SqFt: 75.12
Lot Size Price/SqFt: 16.87
Year Built: 1957
Combined SqFt: 5771
Showing Information
Directions: Grant/1st - W, Fontana N to address.
Electric
Electric Company: TEP
Income
Vacancy Loss: 6357
Other Income: 0
Adjusted Gross: 50223
Total Expenses: 19850
Gross Scheduled Rent: 56580
Net Opp Income: 30373
Gas
Natural: 1
Analysis
Gross Rent Multi: 8.63
Vacancy Rate %: 11.24
Exp/SqFt: 3.44
Exp % of Gross: 39.52
Cap Rate %: 7.01
Construction
Slump Block: 1
Expenses
Admin Expenses: 0
Captial Expenses: 0
Contract Services: 0
Figures Presented: Actual
Gas/Electric: 0
Insurance: 3637
Maintenance Supplies: 7059
Management: 0
Resident Manager: 0
Taxes/Assessments: 3247
Water/Sewer: 5907
Other Expenses: 0
Sewer
Connected: 1
Unit Information
Apartment: Low Rise
Apartment Unit Information
# of Units/Studios: 1
Avg Mo Rent/Studios: 450
# of Units/1 BR: 2
Avg Mo Rent/1 BR: 538
# of Units/2 BR: 4
Avg Mo Rent/2 BR: 597
# of Units/Other: 1
Avg Mo Rent/Other: 800
Water
Public: 1
Property Features
Smoke Detector: 1
Fence
Slump Block: 1
Road Type
Paved: 1
Lot Features
East/West Exposure: 1
Main Cooling
Central Air: 1
Evaporative Cooling: 1
Main Heating
Forced Air: 1
Natural Gas: 1
Water Heater
Electric: 1
Natural Gas: 1
Terms
Cash: 1
Conventional: 1
Submit With Offer
Proof of Funds: 1
Special Conditions
None: 1
Security
None: 1
Sold Info
Seller Concessions: 0
Landscape - Front
Desert Plantings: 1
Landscape - Rear
Desert Plantings: 1
Parking
Private Parking: 1
Freeway/Highway
2.1 - 5 Mile: 1
Traffic Count
Not Available: 1
Possession
Recording: 1
Restrictions
Deed: 1
Property Disclosures
County Parcel Info: 1
Lead Based Paint: 1
Leases: 1
Plat Map: 1
Remarks Misc
Geo Lat: 32.253124
Geo Lon: -110.96697
Property Features
Property Features: Smoke Detector
Construction: Slump Block
Main Cooling: Central Air; Evaporative Cooling
Main Heating: Forced Air; Natural Gas
Water Heater: Electric; Natural Gas
Gas: Natural
Sewer: Connected
Water: Public
Security: None
Fence: Slump Block
Landscape - Front: Desert Plantings
Landscape - Rear: Desert Plantings
Road Type: Paved
Parking: Private Parking
Lot Features: East/West Exposure
Traffic Count: Not Available
Terms: Cash; Conventional
Possession: Recording
Submit With Offer: Proof of Funds
Property Disclosures: County Parcel Info; Lead Based Paint; Leases; Plat Map
Special Conditions: None
Restrictions: Deed
Lead Paint Discl 
Listing Office: Tierra Antigua Realty
Last Updated: September - 09 - 2026
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