$695,000
Tucson, AZ 85705
MLS# 21717490
Status: Closed
10621 sqft
1 / 18
Property Description
SELLER FINANCING! Hard to find WELL MAINTAINED turn-key garden apartments. Great location near the Tucson Mall. Sparking pool, private yards & plenty of parking. Easy to rent. Solid tenants. Two car garage, currently used as storage by owner, has possibilities. Property currently grosses $8242.00 per month. Seller will carry with $250,000 down at 4.5% interest amortized over 20 years with monthly PI payments of $2,815.00 + 1/12 TI. Buyer to personally guarantee loan. 20% prepayment penalty. Seller is Licensed real estate Broker in AZ. No balloon payment!
Details
Maps
Address Information
Country: USA
Street #: 580
Direction: E
Street Name: Calle Arizona
State/Province: AZ
Zip Code: 85705
County: Pima
Location, Tax & Legal
Comparable Only Listing: No
Tax Year: 2016
Taxes: 6491.34
Assessments: 0
Legal Description: Arizona Acres Lot 36
Township: 13
Community: None
Range: 13
Section: 24
Municipality/Zoning: Tucson - R2
Fire Protection: Included in Taxes
FEMA Flood Zone: No
Municipal Flood Zone: TBD
Tax Code: 105-13-1040
Area: Central
Subdivision: Arizona Acres
Contract Information
Method of Title: Fee (Simple)
Distressed Info: None
Current Price: $695,000
Sold Price: $695,000
Listing Date: 2017-06-30
Status: Closed
Status Change Info
Off Market Date: 2017-07-18
Sold Price/SqFt: 65.44
Lot Sz Sold Prc/SqFt: 16.45
How Sold: Cash Owner Carryback
Pending Date: 2017-08-29
Sold Date: 2017-08-29
Sold Price: $695,000
General Property Information
Construction Status: Existing
Lot Dimensions: Irregular
Lot Acres: 0.91
Total Parking: 0
Lot Sqft: 42253
Lot Size Source: Assessor
Horse Property: No
School District: Amphitheater
Elementary School: Rio Vista
Middle School: Amphitheater
High School: Amphitheater
Horse Facilities: No
List Price/SqFt: 65.44
Lot Size Price/SqFt: 16.45
Combined SqFt: 10621
Year Built: 1956
Showing Information
Directions: 1st Ave/River Rd. - S. Calle Arizona west to address.
Unit Info
# of Units/Studios: 1
Avg Mo Rent/Studios: 550
Avg Mo Rent/1 BR: 0
# of Units/2 BR: 11
Avg Mo Rent/2 BR: 627
# of Units/3 BR: 1
Avg Mo Rent/3 BR: 895
Avg Mo Rent/Other: 0
Electric
Electric Company: TEP
Income
Vacancy Loss: 4945.2
Other Income: 0
Adjusted Gross: 93958.8
Total Expenses: 37978.97
Gross Scheduled Rent: 98904
Net Opp Income: 55979.83
Gas
Natural: 1
Analysis
Gross Rent Multi: 7.4
Vacancy Rate %: 5
Exp/SqFt: 3.58
Exp % of Gross: 40.42
Cap Rate %: 8.05
Construction
Frame - Stucco: 1
Expenses
Admin Expenses: 0
Capital Expenses: 0
Contract Services: 0
Figures Presented: Proforma
Gas/Electric: 4685
Insurance: 4500
Maintenance Supplies: 6000
Management: 0
Resident Manager: 0
Taxes/Assessments: 6491.34
Water/Sewer: 12302.63
Other Expenses: 4000
Sewer
Connected: 1
Roof
Built-Up - Reflect: 1
Water
Public: 1
Main Cooling
Central Air: 1
Terms
Owner Carry: 1
Accessibility Option
None: 1
Security
None: 1
Sold Info
Seller Concessions: 0
Property Disclosures
Unknown: 1
Miscellaneous
Master Water Meter: Yes
Package Available: Yes
Remarks Misc
Geo Lat: 32.280991
Geo Lon: -110.962897
Property Features
Construction: Frame - Stucco
Roof: Built-Up - Reflect
Main Cooling: Central Air
Gas: Natural
Sewer: Connected
Water: Public
Accessibility Option: None
Security: None
Terms: Owner Carry
Property Disclosures: Unknown
Listing Office: Tierra Antigua Realty
Last Updated: September - 09 - 2026
The data relating to real estate listings on this website comes in part from the Internet Data Exchange (IDX) program of Multiple Listing Service of Southern Arizona. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listings provided by brokerages other than the listing brokerage here are identified with the MLSSAZ IDX Logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate. Listing information Copyright 2026 MLS of Southern Arizona. All Rights Reserved.
