$374,000
Tucson, AZ 85706
MLS# 21619138
Status: Closed
11245 sqft
1 / 7
Property Description
Great opportunity for ambitious Buyer. 15 studios with kitchens and bathrooms and 10 one room motel rooms each with a bathroom. Plus 2 BD house + 2400 square foot 3 bd. 2 ba. living quarters/office. Studios currently rented for $209.00 weekly. 6 motel rooms that probably could be turned into 3 apartments. Potential of 18 studio apartment units. Market rent for studios approx. $430 on a monthly basis. Gorgeous grounds with fenced pool. This property is also ideal to be repurposed into a group home, board and care, halfway house, shelter, elderly housing or a non profit facility. Recent bid of $55,600 to install fire suppression sprinkler system throughout. All units have AC. Property is on well, but property has Ray water meter. Suntran # 26 bus line stops in front of property.
Details
Maps
Address Information
Country: USA
Street #: 3315
Direction: E
Street Name: Benson Highway
State/Province: AZ
Zip Code: 85706
County: Pima
Location, Tax & Legal
Tax Year: 2015
Taxes: 2074
Assessments: 0
Legal Description: Lengthy meets & Bounds. Two tax code 140050140 & 140050130
Township: 15
Community: None
Range: 14
Section: 4
Municipality/Zoning: Pima County - CB2
Fire Protection: Included in Taxes
Tax Code: 140-05-0130
Area: South
Subdivision: Unsubdivided
Contract Information
Distressed Info: None
Current Price: $374,000
Sold Price: $374,000
Listing Date: 2016-07-08
Status: Closed
Status Change Info
Off Market Date: 2016-11-14
Sold Price/SqFt: 33.26
Lot Sz Sold Prc/SqFt: 4.88
How Sold: Other
Pending Date: 2017-02-15
Sold Date: 2017-02-15
Sold Price: $374,000
General Property Information
Lot Dimensions: Irregular
Lot Acres: 1.76
Lot Sqft: 76666
Lot Size Source: Other
List Price/SqFt: 35.48
Lot Size Price/SqFt: 5.2
Combined SqFt: 11245
Year Built: 1947
Showing Information
Directions: Palo Verde & Ajo, S to Benson Hwy. & then two address (Redwood Lodge)
Unit Info
# of Units/Studios: 15
Avg Mo Rent/Studios: 430
Avg Mo Rent/1 BR: 0
# of Units/2 BR: 1
Avg Mo Rent/2 BR: 975
# of Units/3 BR: 1
Avg Mo Rent/3 BR: 0
# of Units/Other: 10
Avg Mo Rent/Other: 0
Income
Vacancy Loss: 12384
Other Income: 0
Adjusted Gross: 61236
Total Expenses: 20776.87
Gross Scheduled Rent: 73620
Net Opp Income: 40459.13
Analysis
Gross Rent Multi: 6.11
Vacancy Rate %: 16.82
Exp/SqFt: 1.85
Exp % of Gross: 33.93
Cap Rate %: 10.82
Construction
Concrete Block: 1
Expenses
Admin Expenses: 0
Capital Expenses: 0
Contract Services: 1678
Figures Presented: Proforma
Gas/Electric: 7036.79
Insurance: 1973.08
Maintenance Supplies: 6852
Management: 0
Resident Manager: 0
Taxes/Assessments: 2074
Water/Sewer: 270
Other Expenses: 893
Sewer
Connected: 1
Water
Water Company: Ray
Main Cooling
Central Air: 1
Evaporative Cooling: 1
Wall Unit(s): 1
Main Heating
Wall Furnace: 1
Interior Features
Furnished: 1
Interior Steps: No
Terms
Cash: 1
Conventional: 1
Sold Info
Seller Concessions: 0
Property Disclosures
Lead Based Paint: 1
Military Airport Vct: 1
Public Airport Vcty: 1
Miscellaneous
Master Elec Meter: Yes
Master Gas Meter: Yes
Master Water Meter: Yes
Package Available: Yes
Remarks Misc
Geo Lat: 32.155284
Geo Lon: -110.921285
Property Features
Construction: Concrete Block
Interior Features: Furnished
Main Cooling: Central Air; Evaporative Cooling; Wall Unit(s)
Main Heating: Wall Furnace
Sewer: Connected
Terms: Cash; Conventional
Property Disclosures: Lead Based Paint; Military Airport Vct; Public Airport Vcty
Listing Office: Tierra Antigua Realty
Last Updated: September - 09 - 2026
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