$625,000
Tucson, AZ 85706
MLS# 22621048
3623 sqft
1 / 36
Property Description
Rare opportunity to acquire a well-located, boutique 4-unit apartment community with living quarters minutes from Tucson International Airport, Davis-Monthan AFB, and a diverse employer base. This single-address asset offers investors operational simplicity with a strong unit mix of 3BR/2BA, 2BR/1BA floorplans and living quarters. Units feature updated wood-look flooring, gas range/oven appliances, garbage disposal, and individual air conditioning. On-site laundry facility serves the property. Current rents are at market across all five units, offering a stabilized income stream with room for future upside. Memorandum available.
Details
Maps
Address Information
Country: USA
Street #: 5737
Direction: S
Street Name: Morris
Suffix: Boulevard
Post Direction: S
State/Province: AZ
Zip Code: 85706
County: Pima
Location, Tax & Legal
Comparable Only Listing: No
Tax Year: 2025
Taxes: 2413
Taxes For: Dwelling & Land
Legal Description: SOUTHLAND PARK S52.67' LOT 27 BLK 3
Township: 15
Community: None
Range: 14
Section: 7
Municipality/Zoning: Tucson - R2
Fire Protection: Included in Taxes
FEMA Flood Zone: No
Municipal Flood Zone: No
Tax Code: 14023084A
Area: South
Subdivision: N/A
Contract Information
Method of Title: Fee (Simple)
Distressed Info: None
Current Price: $625,000
List Price: $625,000
Listing Date: 2026-08-27
Status: Active
General Property Information
Dwelling Type: Quadruplex
Attached/Detached: Attached
Construction Status: Existing
Lot Dimensions: 5314x236.13x51.33x236.08
Lot Acres: 0.28
Total Parking: 4
Lot Sqft: 12430
Lot Size Source: Assessor
Horse Property: No
School District: Sunnyside
Elementary School: Drexel
Middle School: Apollo
High School: Sunnyside
Horse Facilities: No
List Price/SqFt: 172.51
Lot Size Price/SqFt: 50.28
Combined SqFt: 3623
Year Built: 1980
Showing Information
Directions: Drexel & Park Ave
Unit Info
# of Units/2 BR: 3
Avg Mo Rent/2 BR: 1200
# of Units/3 BR: 1
Avg Mo Rent/3 BR: 1400
Electric
Electric Company: TEP
Unit 1 Information
Monthly Rent: 1400
# Beds: 3
# Full Baths: 2
SqFt: 866
Occupancy: Yes
Stories: Single
Floor: 1st
Furnished: No
Parking: On Property
Income
Vacancy Loss: 0
Other Income: 9600
Adjusted Gross: 69600
Total Expenses: 9662.48
Gross Scheduled Rent: 60000
Net Opp Income: 59937.52
Gas
Natural: 1
Unit 2 Information
Monthly Rent: 1200
# Beds: 2
# Full Baths: 1
SqFt: 853
Occupancy: Yes
Stories: Single
Floor: 1st
Furnished: No
Parking: On Property
Analysis
Gross Rent Multi: 8.98
Vacancy Rate %: 0
Exp/SqFt: 2.67
Exp % of Gross: 13.88
Cap Rate %: 9.59
Construction
Frame - Stucco: 1
Unit 3 Information
Monthly Rent: 1200
# Beds: 2
# Full Baths: 1
SqFt: 853
Parking: On Property
Expenses
Admin Expenses: 0
Capital Expenses: 0
Contract Services: 0
Figures Presented: Proforma
Gas/Electric: 1070
Insurance: 2657.58
Maintenance Supplies: 1566
Management: 1729.14
Resident Manager: 0
Taxes/Assessments: 0
Water/Sewer: 2639.76
Other Expenses: 0
Style
Ranch: 1
Sewer
Connected: 1
Unit 4 Information
Monthly Rent: 1200
# Beds: 2
# Full Baths: 1
SqFt: 853
Stories: Single
Floor: 1st
Furnished: No
Parking: On Property
Roof
Shingle: 1
Water
Public: 1
Living Areas
Family Room: 1
Dining Areas
Eat-In Kitchen: 1
Fence
None: 1
Dining Room
Area: 1
View
None: 1
Breakfast
None: 1
Road Type
Chip/Seal: 1
Kitchen Features
Gas Range: 1
Disposal: 1
Road Maintenance
City: 1
Lot Features
Subdivided: 1
Main Cooling
Central Air: 1
Laundry
Facility: 1
Neighborhood Features
None: 1
Main Heating
Forced Air: 1
Extra Room
None: 1
Water Heater
Natural Gas: 1
Association & Fees
HOA: No
Interior Features
Smoke Detector: 1
Bathroom Features
Shower & Tub/Hall: 1
Terms
Cash: 1
Conventional: 1
Floor Covering
Ceramic Tile: 1
Vinyl: 1
Submit With Offer
Lender Pre-Approval: 1
Window Covering
Some: 1
Accessibility Option
None: 1
Technology
Cable TV: 1
Special Conditions
None: 1
Security
None: 1
Landscape - Front
None: 1
Landscape - Rear
None: 1
Patio/Deck
Patio: 1
Utilities Paid
Cable TV: Tenant
Electric: Tenant
Gas: Tenant
Insurance: Owner
Landscaping: Owner
Sewer: Owner
Taxes: Owner
Trash: Owner
Water: Owner
Pool
None: 1
Property Disclosures
Leases: 1
Spa
None: 1
Driveway
None: 1
RV Parking
Other: None
Exterior Feature
None: 1
Subdivision Restrict
Age Restrictions: No
CC&Rs: No
Deed Restrictions: No
Home Protection
Offered: No
Remarks Misc
Geo Lat: 32.147305
Geo Lon: -110.95741
Property Features
Construction: Frame - Stucco
Style: Ranch
Roof: Shingle
Living Areas: Family Room
Dining Areas: Eat-In Kitchen
Dining Room: Area
Breakfast: None
Kitchen Features: Gas Range; Disposal
Bathroom Features: Shower & Tub/Hall
Laundry: Facility
Extra Room: None
Interior Features: Smoke Detector
Floor Covering: Ceramic Tile; Vinyl
Window Covering: Some
Technology: Cable TV
Main Cooling: Central Air
Main Heating: Forced Air
Water Heater: Natural Gas
Gas: Natural
Sewer: Connected
Water: Public
Accessibility Option: None
Security: None
Pool: None
Spa: None
Fence: None
Landscape - Front: None
Landscape - Rear: None
View: None
Road Type: Chip/Seal
Driveway: None
Exterior Feature: None
Lot Features: Subdivided
Neighborhood Features: None
Terms: Cash; Conventional
Submit With Offer: Lender Pre-Approval
Property Disclosures: Leases
Special Conditions: None
Listing Office: Real Broker
Last Updated: August - 29 - 2026
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