4444 E Fairmount Street, Tucson, AZ 85712
$1,605,000
Property Type:
Multi-Family
Square Footage:
26,545
Lot Size (sq. ft.):
95,832
Status:
Closed
Current Price:
$1,605,000
List Date:
5/04/2016
Last Modified:
9/03/2025
Description
Nice established 7 building centrally located complex on a corner lot. Individually metered for electric. Many amenities: Pool, Laundry Room, on-site office for property manager, single story, evaporative cooled. Majority of units remodeled w/tile and carpet in bedrooms.
More Information MLS# 21608295
Address Information
Street #: 4444
Direction: E
Street Name: Fairmount
Suffix: Street
State/Province: AZ
Zip Code: 85712
County: Pima
Country: USA
Location Tax Legal
Tax Code: 122-12-076A
Area: Central
Subdivision: Speedway
Contract Information
Current Price: $1,605,000
Sold Price: $1,605,000
Listing Date: 2016-03-19
Status: Closed
Distressed Info: None
Status Change Info
Off Market Date: 2016-05-09
Pending Date: 2016-08-01
Sold Date: 2016-08-03
Sold Price: $1,605,000
Sold Price/SqFt: 60.46
Lot Sz Sold Prc/SqFt: 16.75
How Sold: Conventional
General Property Information
Lot Dimensions: 337 x 175 x 120 x 20 x 30
Lot Acres: 2.2
Lot Sqft: 95832
Lot Size Source: Assessor
Combined SqFt: 26545
Year Built: 1977
List Price/SqFt: 71.54
Lot Size Price/SqFt: 19.82
Remarks Misc
Geo Lat: 32.239348
Geo Lon: -110.898322
Showing Information
Directions: Speedway to Swan, North to Fairmount, West to address. Corner of Fairmount & Catalina
Unit Info
# of Units/Studios: 10
Avg Mo Rent/Studios: 400
# of Units/1 BR: 10
Avg Mo Rent/1 BR: 450
# of Units/2 BR: 33
Avg Mo Rent/2 BR: 575
Analysis
Cap Rate %: 10.49
Gross Rent Multi: 6.67
Vacancy Rate %: 5
Exp/SqFt: 2.72
Exp % of Gross: 30.04
Income
Gross Scheduled Rent: 251000
Vacancy Loss: 12550
Other Income: 2200
Adjusted Gross: 240650
Total Expenses: 72300
Net Opp Income: 168350
Expenses
Contract Services: 1800
Gas/Electric: 2000
Insurance: 7000
Maintenance Supplies: 12000
Management: 15000
Taxes/Assessments: 17300
Water/Sewer: 15000
Other Expenses: 2200
Figures Presented: Actual
Sold Info
Seller Paid Repairs: 170000
Miscellaneous
Master Water Meter: Yes
Package Available: Yes
Property Features
Construction: Frame
Main Cooling: Central Air; Evaporative Cooling
Main Heating: Baseboard
Sewer: Connected
Water: Public
Security: None
Terms: Cash; Conventional
Documents
Lead Paint Discl ›Listing Office: Long Realty
Last Updated: September - 03 - 2025
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