$542,500
Tucson, AZ 85712
MLS# 22428634
Status: Closed
3373 sqft
1 / 29
Property Description
Two houses on one .41 acre lot plus a furnished studio with separate entrance/patio. House 1 is renovated 3bd/1bath, recent roof replacement. House 2 is renovated 3 bedroom and 2 bath. It has large primary bedroom with walk-in closet and large bath with separate jetted tub & shower, large open kitchen, high ceilings, two-car garage. Furnished studio is an active and popular AirB&B, furniture (and all other studio items) convey with the property. Large lot, plenty of parking, convenient location. House 1 is rented $1500 with 2 year lease, House 2 is $1850 lease until end of June 2025. Studio produces great income in addition to the above. Sq.footage does not include about 525 sq.ft of non-monetized storage space. Can be financed with residential loan.
Details
Maps
Documents
Address Information
Apt/Unit #: 1& 2
Country: USA
Street #: 2825
Direction: N
Street Name: Alvernon
Suffix: Way
State/Province: AZ
Zip Code: 85712
County: Pima
Location, Tax & Legal
Tax Year: 2024
Taxes: 3668.24
Assessments: 0
Taxes For: Dwelling & Land
Legal Description: Lincoln Park N2 Blk 8 lot 3
Township: 13
Community: None
Range: 14
Section: 33
Municipality/Zoning: Tucson - R3
Fire Protection: Included in Taxes
FEMA Flood Zone: No
Municipal Flood Zone: TBD
Tax Code: 111-06-1900
Area: Central
Subdivision: Lincoln Park Subd.
Contract Information
Method of Title: Fee (Simple)
Distressed Info: None
Current Price: $542,500
Sold Price: $542,500
Listing Date: 2024-11-20
Status: Closed
Status Change Info
Off Market Date: 2025-03-30
Sold Price/SqFt: 160.84
Lot Sz Sold Prc/SqFt: 30.16
How Sold: Conventional
Pending Date: 2025-05-15
Sold Date: 2025-05-20
Sold Price: $542,500
General Property Information
Dwelling Type: Duplex
Attached/Detached: Detached
Construction Status: Existing
Lot Dimensions: 240x76x239x77
Lot Acres: 0.41
Total Parking: 8
Lot Sqft: 17990
Lot Size Source: Assessor
Horse Property: No
School District: TUSD
Elementary School: Davidson
Middle School: Doolen
High School: Catalina
Horse Facilities: No
List Price/SqFt: 167.51
Lot Size Price/SqFt: 31.41
Combined SqFt: 3373
Year Built: 1996
Showing Information
Directions: Alvernon/Glenn, N to address
Unit Info
# of Units/Studios: 1
# of Units/3 BR: 2
Electric
Electric Company: TEP
Unit 1 Information
Monthly Rent: 1500
# Beds: 3
# Full Baths: 1
SqFt: 996
Occupancy: Yes
Stories: Single
Floor: 1st
Furnished: No
Parking: On Property
Income
Vacancy Loss: 0
Other Income: 0
Adjusted Gross: 60264
Total Expenses: 10515
Gross Scheduled Rent: 60264
Net Opp Income: 49749
Gas
Natural: 1
Unit 2 Information
Monthly Rent: 1850
# Beds: 3
# Full Baths: 2
SqFt: 1902
Occupancy: Yes
Stories: Multi
Floor: 2nd
Furnished: No
Parking: Garage
Analysis
Gross Rent Multi: 9
Vacancy Rate %: 0
Exp/SqFt: 3.12
Exp % of Gross: 17.45
Cap Rate %: 9.17
Construction
Brick: 1
Frame - Stucco: 1
Siding: Yes
Unit 3 Information
Monthly Rent: 1672
# Beds: 1
# Full Baths: 1
SqFt: 475
Occupancy: Yes
Stories: Single
Furnished: Yes
Parking: On Property
Expenses
Admin Expenses: 0
Capital Expenses: 0
Contract Services: 0
Figures Presented: Actual
Gas/Electric: 0
Insurance: 2154
Maintenance Supplies: 2500
Management: 0
Resident Manager: 0
Taxes/Assessments: 3668
Water/Sewer: 1593
Other Expenses: 600
Style
Modern: 1
Ranch: 1
Sewer
Connected: 1
Roof
Built-Up - Reflect: 1
Shingle: 1
Water
Public: 1
Living Areas
Family Room: 1
Great Room: 1
Living Room: 1
Off Kitchen: 1
Dining Areas
Breakfast Bar: 1
Fence
Chain Link: 1
Shared Fence: 1
Other: Metal
Dining Room
Area: 1
View
Mountain(s): 1
Rural: 1
Breakfast
Bar: 1
Road Type
Paved: 1
Kitchen Features
Breakfast Bar: 1
Kitchen Island: 1
Dishwasher: 1
Refrigerator: 1
Road Maintenance
City: 1
Lot Features
Subdivided: 1
Main Cooling
Ceiling Fan(s): 1
Central Air: 1
Other: 4 mini-splits
Laundry
In Kitchen: 1
Dryer Included: 1
Washer Included: 1
Neighborhood Features
None: 1
Main Heating
Forced Air: 1
Natural Gas: 1
Extra Room
Studio: 1
Water Heater
Natural Gas: 1
Association & Fees
HOA: No
Interior Features
Furnished: 1
Walk-In Closet(s): 1
Bathroom Features
Dual Sinks/Hall: 1
Shower & Tub/Primary: 1
Shower & Tub/Hall: 1
Jetted Tub: 1
Terms
Cash: 1
Conventional: 1
Floor Covering
Ceramic Tile: 1
Other: Laminate
Submit With Offer
Digital Signatures: Yes
Loan Pre-Qualifiaction: 1
Proof of Funds: 1
Window Covering
Some: 1
Accessibility Option
Entry: 1
Ramped Main Level: 1
Technology
Cable TV: 1
Security
None: 1
Sold Info
Seller Concessions: 16275
Landscape - Front
Low Care: 1
Natural Desert: 1
Shrubs: 1
Trees: 1
Landscape - Rear
Low Care: 1
Vegetable Garden: 1
Patio/Deck
Balcony: 1
Covered: 1
Deck: 1
Patio: 1
Utilities Paid
Cable TV: Tenant
Electric: Tenant
Gas: Tenant
Insurance: Owner
Landscaping: Owner
Sewer: Tenant
Taxes: Owner
Trash: Tenant
Water: Tenant
Pool
None: 1
Property Disclosures
Lead Based Paint: 1
Seller Prop Disclosure: 1
Spa
None: 1
Special Conditions
None: 1
Driveway
Car(s) Pad: 1
Paved: Gravel
RV Parking
Space Available: 1
Exterior Feature
None: 1
Subdivision Restrict
Age Restrictions: No
CC&Rs: No
Deed Restrictions: Yes
Home Protection
Offered: No
Remarks Misc
Geo Lat: 32.258665
Geo Lon: -110.910324
Property Features
Construction: Brick; Frame - Stucco
Style: Modern; Ranch
Roof: Built-Up - Reflect; Shingle
Living Areas: Family Room; Great Room; Living Room; Off Kitchen
Dining Areas: Breakfast Bar
Dining Room: Area
Breakfast: Bar
Kitchen Features: Breakfast Bar; Kitchen Island; Dishwasher; Refrigerator
Bathroom Features: Dual Sinks/Hall; Shower & Tub/Primary; Shower & Tub/Hall; Jetted Tub
Laundry: In Kitchen; Dryer Included; Washer Included
Extra Room: Studio
Interior Features: Furnished; Walk-In Closet(s)
Floor Covering: Ceramic Tile
Window Covering: Some
Technology: Cable TV
Main Cooling: Ceiling Fan(s); Central Air
Main Heating: Forced Air; Natural Gas
Water Heater: Natural Gas
Gas: Natural
Sewer: Connected
Water: Public
Accessibility Option: Entry; Ramped Main Level
Security: None
Pool: None
Spa: None
Fence: Chain Link; Shared Fence
Landscape - Front: Low Care; Natural Desert; Shrubs; Trees
Landscape - Rear: Low Care; Vegetable Garden
View: Rural; Mountain(s)
Road Type: Paved
Driveway: Car(s) Pad
RV Parking: Space Available
Exterior Feature: None
Lot Features: Subdivided
Neighborhood Features: None
Terms: Cash; Conventional
Submit With Offer: Loan Pre-Qualifiaction; Proof of Funds
Property Disclosures: Lead Based Paint; Seller Prop Disclosure
Special Conditions: None
Lead Paint Discl 
Listing Office: Long Realty
Last Updated: July - 10 - 2025
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