705 E University Boulevard, Tucson, AZ 85719
$1,000,000
Property Type:
Multi-Family
Square Footage:
5,535
Lot Size (sq. ft.):
15,246
Status:
Closed
Current Price:
$1,000,000
List Date:
10/17/2024
Last Modified:
11/11/2024
Description
LOCATION, LOCATION, LOCATION!!! This historic 4 plex in the heart of Buells Addition a stone's throw from the University of Arizona campus. Each unit has high ceilings wood floors, 2 bedroom and 1 bath units, with charming kitchens and bathrooms. Plenty of room for parking.
More Information MLS# 22425726
Address Information
Street #: 705
Direction: E
Street Name: University
Suffix: Boulevard
State/Province: AZ
Zip Code: 85719
County: Pima
Country: USA
Location Tax Legal
Tax Code: 124-05-1016
Area: Central
Subdivision: Buells Addition, Blks 13, 14, 15 Resub.
Contract Information
Current Price: $1,000,000
Sold Price: $1,000,000
Listing Date: 2024-10-17
Status: Closed
Method of Title: Fee (Simple)
Distressed Info: None
Status Change Info
Off Market Date: 2024-10-25
Pending Date: 2024-11-07
Sold Date: 2024-11-08
Sold Price: $1,000,000
Sold Price/SqFt: 180.67
Lot Sz Sold Prc/SqFt: 65.59
How Sold: Cash
General Property Information
Dwelling Type: Quadruplex
Attached/Detached: Attached
Construction Status: Existing
Lot Dimensions: 101X152X104X152
Lot Acres: 0.35
Lot Sqft: 15246
Lot Size Source: Assessor
Combined SqFt: 5535
Year Built: 1916
Total Parking: 10
School District: TUSD
Elementary School: Roskruge
Middle School: Roskruge Bilingual Magnet
High School: Tucson
Horse Property: No
Horse Facilities: No
List Price/SqFt: 216.8
Lot Size Price/SqFt: 78.71
Remarks Misc
Geo Lat: 32.231994
Geo Lon: -110.960732
Showing Information
Directions: Euclid & University, West on University to address on the North Side of University
Unit Info
# of Units/2 BR: 4
Avg Mo Rent/2 BR: 1161.25
Unit 1 Information
Monthly Rent: 1220
# Beds: 2
# Full Baths: 1
SqFt: 1200
Occupancy: Yes
Stories: Single
Floor: 1st
Furnished: No
Parking: On Property
Unit 2 Information
Monthly Rent: 1220
# Beds: 2
# Full Baths: 1
SqFt: 1200
Occupancy: Yes
Stories: Single
Floor: 1st
Furnished: No
Parking: On Property
Unit 3 Information
Monthly Rent: 1195
# Beds: 2
# Full Baths: 1
SqFt: 1200
Occupancy: Yes
Stories: Single
Floor: 2nd
Furnished: No
Parking: On Property
Unit 4 Information
Monthly Rent: 1010
# Beds: 2
# Full Baths: 1
SqFt: 1200
Occupancy: Yes
Stories: Single
Floor: 2nd
Furnished: No
Parking: On Property
Analysis
Cap Rate %: 4.09
Gross Rent Multi: 17.98
Exp/SqFt: 2.66
Exp % of Gross: 26.52
Income
Gross Scheduled Rent: 55620
Adjusted Gross: 55620
Total Expenses: 14749.4
Net Opp Income: 40870.6
Expenses
Insurance: 4551.58
Management: 5562
Taxes/Assessments: 3567.82
Water/Sewer: 1068
Figures Presented: Proforma
Kitchen Features
Pantry: Cabinet
Appliance Color: White
Oven: Gas Stove
Interior Features
Interior Steps: Yes
Electric
Electric Company: TEP
Water
Water Company: City
Utilities Paid
Cable TV: Tenant
Electric: Tenant
Gas: Tenant
Insurance: Owner
Landscaping: Owner
Sewer: Owner
Taxes: Owner
Trash: Owner
Water: Tenant
RV Parking
Other: None
Neighborhood Features
Green Valley Rec: No
Subdivision Restrict
Age Restrictions: No
Deed Restrictions: Yes
CC&Rs: Yes
Submit With Offer
Digital Signatures: Yes
Seller Title Company: Fidelity National
Home Protection
Offered: No
Sold Info
Down Payment: 100000
Est. Closing Date: 2024-11-08
Property Features
Construction: Concrete Block
Style: Territorial
Roof: Rolled
Living Areas: Living Room
Dining Areas: Dining in LR/GR
Dining Room: None
Breakfast: Area
Bathroom Features: Shower & Tub/Primary
Laundry: None
Extra Room: None
Interior Features: Smoke Detector; Vaulted Ceiling(s)
Floor Covering: Ceramic Tile; Wood
Window Covering: Some
Technology: Telephone
Main Cooling: Central Air; Window Unit(s)
Main Heating: Electric; Wall Furnace
Water Heater: Natural Gas
Gas: Natural
Sewer: Connected
Accessibility Option: None
Security: None
Pool: None
Spa: None
Fence: Wrought Iron
Landscape - Front: None
Landscape - Rear: None
View: Mountain(s)
Road Type: Paved
Driveway: To Property Line
Exterior Feature: None
Lot Features: Adjacent to Alley; Corner Lot; North/South Exposure
Terms: Cash; Conventional; Submit
Submit With Offer: Earnest Check; Lender Pre-Approval; Loan Pre-Qualifiaction; Loan Status; Proof of Funds
Property Disclosures: Deed Restrictions; Lead Based Paint; Seller Prop Disclosure; Insurance Claims History Report
Special Conditions: None
Documents
Lead Paint Discl ›Listing Office: Tucson's Choice Property Management & Real Estate Group LLC
Last Updated: November - 11 - 2024
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