$617,000
Tucson, AZ 85705
MLS# 22019670
Status: Closed
5829 sqft
1 / 8
Property Description
AWESOME VALUE-ADD PROPERTY! Seller will review all offers on Thursday August 20th. 3 burnt adobe fourplexes on .6 acre corner lot. Each 1 bd. 1 ba. unit is 487 sq. ft. with a private yard and attached carport. One owner property built by a custom home builder as a longterm investment. Rents are between $420.00 and $490.00 on a month to month basis. Rents are way BELOW MARKET. HUGE upside by remodeling and adding air conditioning and/or possibility of doing a City of Tucson ''minor subdivision''lot split and having each 4-plex on a separate parcel. Sold ''As Is''. Brochure attached.
Details
Maps
Documents
Address Information
Country: USA
Street #: 3449
Direction: N
Street Name: Geronimo
Suffix: Avenue
State/Province: AZ
Zip Code: 85705
County: Pima
Location, Tax & Legal
Tax Year: 2019
Taxes: 4022.26
Assessments: 0
Legal Description: Garden Homes N218.13' Lot 1 Blk. 6
Municipality/Zoning: Tucson - R3
Fire Protection: Included in Taxes
FEMA Flood Zone: No
Municipal Flood Zone: TBD
Tax Code: 106-04-0960
Area: Central
Contract Information
Method of Title: Fee (Simple)
Short Sale: No
Current Price: $617,000
Sold Price: $617,000
Listing Date: 2020-08-10
Status: Closed
Status Change Info
Off Market Date: 2020-08-21
Sold Price/SqFt: 105.85
Lot Sz Sold Prc/SqFt: 23.61
Financing: Cash
Pending Date: 2020-09-04
Sold Date: 2020-09-04
Sold Price: $617,000
General Property Information
Property Sub-Type: Apartment
Construction Status: Existing
# Units: 12
Lot Dimensions: 216'X121'X216'X121''
Lot Acres: 0.6
Total Parking: 24
Lot Sqft: 26136
Multi-Tenant: Yes
Lot Size Source: Assessor
Source of SqFt: Assessor
List Price/SqFt: 82.35
Lot Size Price/SqFt: 18.37
Year Built: 1971
Combined SqFt: 5829
Showing Information
Directions: Prince Rd/1st Ave- W, Geronimo -S
to SW corner Geronimo & Yavapai. Property includes 3449-3471 N. Geronimo
Electric
Electric Company: TEP
Income
Vacancy Loss: 3294
Other Income: 0
Adjusted Gross: 62586
Gross Scheduled Rent: 65880
Net Opp Income: 17714
Gas
Natural: 1
Analysis
Gross Rent Multi: 9.86
Vacancy Rate %: 5
Exp % of Gross: 71.7
Construction
Burnt Adobe: 1
Expenses
Admin Expenses: 0
Captial Expenses: 2250
Contract Services: 0
Figures Presented: Actual
Gas/Electric: 0
Insurance: 2500
Maintenance Supplies: 5700
Management: 36000
Resident Manager: 0
Taxes/Assessments: 4022
Water/Sewer: 11600
Sewer
Connected: 1
Unit Information
Apartment: Low Rise
Apartment Unit Information
# of Units/1 BR: 12
Avg Mo Rent/1 BR: 457.5
Roof
Built-Up: 1
Water
Public: 1
Fence
Wood: 1
Road Type
Paved: 1
Lot Features
Corner Lot: 1
Main Cooling
Central Air: 1
Evaporative Cooling: 1
Main Heating
Forced Air: 1
Natural Gas: 1
Water Heater
Natural Gas: 1
Terms
Cash: 1
Conventional: 1
Submit With Offer
Proof of Funds: 1
Seller Title Company: Stewart
Accessibility Option
None: 1
Sold Info
Seller Concessions: 10000
Landscape - Front
Low Care: 1
Landscape - Rear
Low Care: 1
Parking
# Covered Parking: 12
Public Parking: 1
Freeway/Highway
Up to 1 Mile: 1
Traffic Count
Not Available: 1
Possession
Recording: 1
Property Disclosures
Lead Based Paint: 1
Remarks Misc
Geo Lat: 32.269821
Geo Lon: -110.965918
Property Features
Construction: Burnt Adobe
Roof: Built-Up
Main Cooling: Central Air; Evaporative Cooling
Main Heating: Forced Air; Natural Gas
Water Heater: Natural Gas
Gas: Natural
Sewer: Connected
Water: Public
Accessibility Option: None
Fence: Wood
Landscape - Front: Low Care
Landscape - Rear: Low Care
Road Type: Paved
Parking: Public Parking
Lot Features: Corner Lot
Traffic Count: Not Available
Terms: Cash; Conventional
Possession: Recording
Submit With Offer: Proof of Funds
Property Disclosures: Lead Based Paint
Brochure 
Listing Office: Tierra Antigua Realty
Last Updated: September - 09 - 2026
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