$1,950,000
Tucson, AZ 85705
MLS# 22621304
6746 sqft
1 / 17
Property Description
OWNER/AGENT Equilibrium Realty is pleased to present this two property investment offering with a total of 24 individually metered units in central Tucson, Arizona. Fontana Court was built in 1952 with 13 units (12 one bed units plus 1 two bed) is located at 3127 North Fontana Avenue. Fontana East was built in 1953 with 11 units (9 one bed units plus 1 three bed ) is located at 3134 North Fontana Avenue. All units include a drive up covered carport. The property is currently 92% occupied with more opportunity to increase rents. This investment offers cash flow at COE
Details
Maps
Address Information
Country: USA
Street #: 3127-3134
Direction: N
Street Name: Fontana
Suffix: Avenue
State/Province: AZ
Zip Code: 85705
County: Pima
Location, Tax & Legal
Tax Year: 2025
Taxes: 4637
Taxes For: Building & Land
Legal Description: CORONADO HEIGHTS S89.25' LOTS 3 & 4 & N16.75' LOT BLK 3
CORONADO HEIGHTS LOT 6 BLK 4
Development Name: Fontana Court and Fontana East
Municipality/Zoning: Tucson - R2
Fire Protection: None
Tax Code: 107110700
Area: Central
Contract Information
Short Sale: No
Current Price: $1,950,000
List Price: $1,950,000
Listing Date: 2026-09-01
Status: Active
General Property Information
Property Sub-Type: Other
# Units: 23
Lot Dimensions: 3127: 300' x 120' 3134: 297'' x 104''
Lot Acres: 0.82
Lot Sqft: 36000
Lot Size Source: Owner
Source of SqFt: Owner
List Price/SqFt: 289.06
Lot Size Price/SqFt: 54.17
Year Built: 1977
Combined SqFt: 6746
Income
Vacancy Loss: 30120
Other Income: 28800
Adjusted Gross: 299880
Gross Scheduled Rent: 301200
Net Opp Income: 186979
Analysis
Gross Rent Multi: 6.5
Vacancy Rate %: 10
Cap Rate %: 9.59
Expenses
Admin Expenses: 5281
Contract Services: 3000
Figures Presented: Proforma
Insurance: 7299
Management: 8132
Taxes/Assessments: 19716
Special Conditions
Owner/Agent: 1
Remarks Misc
Geo Lat: 32.26397
Geo Lon: -110.968309
Property Features
Special Conditions: Owner/Agent
Listing Office: United Real Estate Specialists
Last Updated: September - 02 - 2026
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