1220-1234 N Richey Boulevard, Tucson, AZ 85716
$1,150,000
Property Type:
Commercial
Square Footage:
6,840
Lot Size (sq. ft.):
44
Status:
Closed
Current Price:
$1,150,000
List Date:
6/28/2021
Last Modified:
11/24/2025
Overview
Description
8 unit TURN KEY apartment Complex- 2 tax codes ( 122-18-010C and 122-18-010D ) can be purchased with 2 separate conventional loans. Unit count and mix is 6, 2 bed 1 bath with fenced off yards and 2, 3 bed 1 bath units with large covered back patios. Each unit has 1 covered parking spot, Washer and Dryers for each unit, new HVAC for each unit. and more.
Listing Details MLS# 22116614
Address Information
- Street #
- 1220-1234
- Direction
- N
- Street Name
- Richey
- Suffix
- Boulevard
- State/Province
- AZ
- Zip Code
- 85716
- County
- Pima
- Country
- USA
Location, Tax & Legal
- Tax Code
- 122-18-010C
- Area
- Central
- Tax Year
- 2020
- Taxes
- 5758.26
- Assessments
- 0
- Legal Description
- Silvers James J Resub Lot 8, Silvers James J Resub Lot 7
- Municipality/Zoning
- Tucson - R2
- Fire Protection
- Included in Taxes
- FEMA Flood Zone
- No
- Municipal Flood Zone
- No
General Property Information
- Property Sub-Type
- Apartment
- # Units
- 8
- Total Parking
- 12
- Year Built
- 1952
- Lot Dimensions
- Irregular
- Lot Acres
- 0.6
- Lot Sqft
- 26136
- Lot Size Source
- Assessor
- Combined SqFt
- 6840
- Source of SqFt
- Assessor
- List Price/SqFt
- 168.13
- Lot Size Price/SqFt
- 44
Property Features
Construction:
Brick
Roof:
Built-Up - Reflect
Fenced Storage:
No
Main Cooling:
Central Air
Main Heating:
Forced Air; Natural Gas
Water Heater:
Natural Gas
Gas:
Natural
Sewer:
Connected
Water:
Public
Accessibility Option:
None
Security:
None
Fence:
Block; Chain Link; Wood
Landscape - Front:
Low Care
Landscape - Rear:
None
Road Type:
Dirt; Gravel
Traffic Count:
Unknown
Terms:
Cash; Conventional
Submit With Offer:
Dual Agency Consent; Income Property Addendum; Lender Pre-Approval; Loan Pre-Qualifiaction
Property Disclosures:
None; Unknown
Special Conditions:
None
Contract Information
- Short Sale
- No
Status Change Info
- Off Market Date
- 2021-06-27
- Pending Date
- 2021-06-29
- Sold Date
- 2021-06-29
- Sold Price/SqFt
- 168.13
- Lot Sz Sold Prc/SqFt
- 44
- Financing
- Conventional
More Information
Showing Information
- Directions
- From Speedway and Tucson Blvd go east then north on Richey to address
Income
- Gross Scheduled Rent
- 104400
- Vacancy Loss
- 5220
- Adjusted Gross
- 99180
- Net Opp Income
- 69426
Analysis
- Cap Rate %
- 5.5
- Vacancy Rate %
- 5
Expenses
- Insurance
- 2400
- Maintenance Supplies
- 1200
- Management
- 9880
- Taxes/Assessments
- 5758.26
- Water/Sewer
- 7200
- Other Expenses
- 3315.74
Apartment Unit Information
- # of Units/2 BR
- 6
- Avg Mo Rent/2 BR
- 1000
- # of Units/3 BR
- 2
- Avg Mo Rent/3 BR
- 1350
Electric
- Electric Company
- TEP
Parking
- # Covered Parking
- 8
Sold Info
- Est. Closing Date
- 2021-06-29
- Seller Concessions
- 0
Gas
- Natural
- Yes
Construction
- Brick
- Yes
Sewer
- Connected
- Yes
Roof
- Built-Up - Reflect
- Yes
Water
- Public
- Yes
Fence
- Block
- Yes
- Chain Link
- Yes
- Wood
- Yes
Road Type
- Dirt
- Yes
- Gravel
- Yes
Fenced Storage
- No
- Yes
Main Cooling
- Central Air
- Yes
Main Heating
- Forced Air
- Yes
- Natural Gas
- Yes
Water Heater
- Natural Gas
- Yes
Terms
- Cash
- Yes
- Conventional
- Yes
Submit With Offer
- Dual Agency Consent
- Yes
- Income Property Addendum
- Yes
- Lender Pre-Approval
- Yes
- Loan Pre-Qualifiaction
- Yes
Accessibility Option
- None
- Yes
Security
- None
- Yes
Landscape - Front
- Low Care
- Yes
Landscape - Rear
- None
- Yes
Freeway/Highway
- Over 5.1 Miles
- Yes
Traffic Count
- Unknown
- Yes
Property Disclosures
- Unknown
- Yes
- None
- Yes
Special Conditions
- None
- Yes
Listing Office:
Realty Executives Arizona Territory
Last Updated: November - 24 - 2025
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