Tucson, AZ 85716
$1,212,750
Property Type:
Commercial
Square Footage:
9,620
Lot Size (sq. ft.):
36,033
Status:
Closed
Current Price:
$1,212,750
List Date:
10/03/2023
Last Modified:
12/23/2024
Description
Presenting an exclusive chance to acquire a remarkable 12-unit multifamily property nestled in the coveted Midtown area of Tucson. This property presents a tranquil and roomy atmosphere for tenants, complemented by breathtaking vistas of the Santa Catalina mountains. Its strategic positioning and appealing unit variety render it a compelling investment opportunity, poised for a new owner to strategically reposition and unlock its full potential. Includes parcel # 118-08-286, 287. DO NOT DISTURB. DRIVE BY ONLY.
More Information MLS# 22321359
Address Information
State/Province: AZ
Zip Code: 85716
County: Pinal
Country: USA
Location Tax Legal
Tax Code: 111-06-2870
Area: Central
Contract Information
Current Price: $1,212,750
Sold Price: $1,212,750
Listing Date: 2023-10-02
Status: Closed
Short Sale: No
Status Change Info
Off Market Date: 2023-11-02
Pending Date: 2023-12-22
Sold Date: 2023-12-22
Sold Price: $1,212,750
Sold Price/SqFt: 126.07
Lot Sz Sold Prc/SqFt: 33.66
Financing: Conventional
General Property Information
Property Sub-Type: Apartment
Construction Status: Existing
# Units: 12
Multi-Tenant: Yes
Year Built: 1971
Lot Dimensions: See Tax Assessor
Lot Acres: 0.83
Lot Sqft: 36033
Lot Size Source: Assessor
Combined SqFt: 9620
Source of SqFt: Assessor
List Price/SqFt: 138.77
Lot Size Price/SqFt: 37.05
Income
Gross Scheduled Rent: 90440
Net Opp Income: 32156
Expenses
Insurance: 4185
Management: 7571
Taxes/Assessments: 7399
Water/Sewer: 9158
Unit Information
Apartment: Low Rise
Apartment Unit Information
# of Units/1 BR: 5
# of Units/2 BR: 7
Terms
Other: See Remarks
Property Features
Construction: Brick
Main Heating: Natural Gas; Other
Water Heater: Natural Gas
Gas: Natural
Sewer: Connected
Water: Public
Fence: Block
Landscape - Front: Desert Plantings
Road Type: Paved
Parking: Paved Parking
Lot Features: East/West Exposure
Possession: Recording
Property Disclosures: Unknown
Special Conditions: Probate Estate
Listing Office: R.O.I. Properties
Last Updated: December - 23 - 2024
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