$627,500
Tucson, AZ 85716
MLS# 21813898
Status: Closed
6365 sqft
1 / 33
Property Description
10 units located in North Central Tucson's best kept secret! Hideaway neighborhood with a trendy vibe, these easy to maintain units are adjacent to the popular Metal Arts Village, Crossfit 520, and River Road bike path. These eclectic units rent quickly and stay occupied. 6 units have fenced private yards and all units face a large courtyard with shaded seating and community BBQ. Property has undergone major renovation in the last year. Turn key with MU zoning, the property offers immeasurable opportunity for the savvy investor with numerous creative value add opportunities.
Details
Maps
Address Information
Country: USA
Street #: 3725
Direction: E
Street Name: Farr
Suffix: Place
State/Province: AZ
Zip Code: 85716
County: Pima
Location, Tax & Legal
Tax Year: 2017
Taxes: 4672.84
Assessments: 0
Legal Description: LOHRUM W134.5' LOT 4 BLK 6
Municipality/Zoning: Pima County - MU
Fire Protection: Included in Taxes
Tax Code: 111-04-0760
Area: Central
Contract Information
Method of Title: Fee (Simple)
Short Sale: No
Current Price: $627,500
Sold Price: $627,500
Listing Date: 2018-05-15
Status: Closed
Status Change Info
Off Market Date: 2018-07-09
Sold Price/SqFt: 98.59
Lot Sz Sold Prc/SqFt: 24.84
Financing: Other
Pending Date: 2018-08-27
Sold Date: 2018-08-30
Sold Price: $627,500
General Property Information
Property Sub-Type: Apartment
# Units: 10
Lot Dimensions: Irregular
Lot Acres: 0.58
Total Parking: 10
Lot Sqft: 25265
Multi-Tenant: Yes
Lot Size Source: Assessor
Source of SqFt: Assessor
List Price/SqFt: 107.46
Lot Size Price/SqFt: 27.07
Year Built: 1962
Combined SqFt: 6365
Showing Information
Directions: Ft Lowell/Dodge go North to Farr Place go East to address.
Electric
Electric Company: TEP
Income
Vacancy Loss: 4094
Gross Scheduled Rent: 74369
Gas
Natural: 1
Analysis
Gross Rent Multi: 10.03
Vacancy Rate %: 5.5
Cap Rate %: 6.59
Construction
Concrete Block: 1
Expenses
Gas/Electric: 3622
Insurance: 1950
Maintenance Supplies: 3400
Management: 4560
Taxes/Assessments: 4673
Water/Sewer: 4013
Other Expenses: 1564
Sewer
Connected: 1
Apartment Unit Information
# of Units/Studios: 1
Avg Mo Rent/Studios: 650
# of Units/1 BR: 6
Avg Mo Rent/1 BR: 695
# of Units/2 BR: 3
Roof
Built-Up: 1
Water
Public: 1
Fence
Block: 1
Road Type
Paved: 1
Main Cooling
Central Air: 1
Evaporative Cooling: 1
Main Heating
Electric: 1
Forced Air: 1
Water Heater
Natural Gas: 1
Terms
Cash: 1
Conventional: 1
Submit With Offer
Digital Signature Accepted: 1
Dual Agency Consent: 1
Lender Pre-Approval: 1
Proof of Funds: 1
Accessibility Option
None: 1
Special Conditions
None: 1
Security
None: 1
Sold Info
Seller Concessions: 0
Seller Paid Repairs: 0
Landscape - Front
Desert Plantings: 1
Landscape - Rear
Desert Plantings: 1
Restrictions
CC&R: 1
Deed: 1
Property Disclosures
Seller Prop Disclosure: 1
Remarks Misc
Geo Lat: 32.266683
Geo Lon: -110.913281
Property Features
Construction: Concrete Block
Roof: Built-Up
Main Cooling: Central Air; Evaporative Cooling
Main Heating: Electric; Forced Air
Water Heater: Natural Gas
Gas: Natural
Sewer: Connected
Water: Public
Accessibility Option: None
Security: None
Fence: Block
Landscape - Front: Desert Plantings
Landscape - Rear: Desert Plantings
Road Type: Paved
Terms: Cash; Conventional
Submit With Offer: Digital Signature Accepted; Dual Agency Consent; Lender Pre-Approval; Proof of Funds
Property Disclosures: Seller Prop Disclosure
Special Conditions: None
Restrictions: CC&R; Deed
Listing Office: Realty Executives Arizona Territory
Last Updated: June - 05 - 2026
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