$550,000
Tucson, AZ 85705
MLS# 21612928
Status: Closed
8994 sqft
1 / 6
Property Description
12 very well maintained one-story units near the Tucson Mall. Each unit has an in-unit washer/dryer. Units are all one story and property is reminiscent of a small town house community. Property consists of three 4-plexes on separate tax codes. Perfect for low interest 30-year fixed rate residential financing. Income/Expense info is for 2015. Seller also made many capital improvements in 2015. A new owner should be able to stabilize expenses and increase net operating income.
Details
Maps
Address Information
Country: USA
Street #: 341
Direction: E
Street Name: Calle Arizona
State/Province: AZ
Zip Code: 85705
County: Pima
Location, Tax & Legal
Tax Year: 2015
Taxes: 5532.25
Assessments: 0
Legal Description: Lengthy, call listing agent.
Township: 13
Community: None
Range: 13
Section: 24
Municipality/Zoning: Tucson - R2
Fire Protection: Included in Taxes
Tax Code: 105-13-090B
Area: Central
Subdivision: Arizona Acres
Contract Information
Distressed Info: None
Current Price: $550,000
Sold Price: $550,000
Listing Date: 2016-05-06
Status: Closed
Status Change Info
Off Market Date: 2016-05-13
Sold Price/SqFt: 61.15
Lot Sz Sold Prc/SqFt: 14.52
How Sold: Conventional
Pending Date: 2016-08-29
Sold Date: 2016-08-29
Sold Price: $550,000
General Property Information
Lot Dimensions: Irregular
Lot Acres: 0.84
Lot Sqft: 37888
Lot Size Source: Assessor
List Price/SqFt: 61.15
Lot Size Price/SqFt: 14.52
Combined SqFt: 8994
Year Built: 1984
Showing Information
Directions: 1st Ave. River Rd. -S, Calle Arizona -W
Unit Info
Avg Mo Rent/Studios: 0
# of Units/1 BR: 1
Avg Mo Rent/1 BR: 475
# of Units/2 BR: 11
Avg Mo Rent/2 BR: 619
Avg Mo Rent/3 BR: 0
Avg Mo Rent/Other: 0
Income
Vacancy Loss: 8471
Other Income: 4254.8
Adjusted Gross: 82843.8
Total Expenses: 50419.96
Gross Scheduled Rent: 87060
Net Opp Income: 32423.84
Analysis
Gross Rent Multi: 6.64
Vacancy Rate %: 9.73
Exp/SqFt: 5.61
Exp % of Gross: 60.86
Cap Rate %: 5.9
Construction
Frame - Stucco: 1
Expenses
Admin Expenses: 534
Capital Expenses: 0
Contract Services: 0
Figures Presented: Actual
Gas/Electric: 1994.26
Insurance: 4293.67
Maintenance Supplies: 22075.42
Management: 6593.22
Resident Manager: 0
Taxes/Assessments: 5397.13
Water/Sewer: 8994.26
Other Expenses: 538
Sewer
Connected: 1
Water
Public: 1
Main Cooling
Central Air: 1
Evaporative Cooling: 1
Terms
Cash: 1
Conventional: 1
Security
None: 1
Sold Info
Selling Comments: 'AS IS' SALE
Property Disclosures
Unknown: 1
Miscellaneous
Master Water Meter: Yes
Package Available: Yes
Remarks Misc
Geo Lat: 32.281622
Geo Lon: -110.966306
Property Features
Construction: Frame - Stucco
Main Cooling: Central Air; Evaporative Cooling
Sewer: Connected
Water: Public
Security: None
Terms: Cash; Conventional
Property Disclosures: Unknown
Listing Office: Tierra Antigua Realty
Last Updated: September - 09 - 2026
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