1331-1349 W Pennington Street, Tucson, AZ 85745

$1,340,000
Property Type: Commercial Square Footage: 7,074 Lot Size (sq. ft.): 50 Status: Closed
Current Price: $1,340,000 List Date: 11/10/2023 Last Modified: 12/23/2024

Overview

Description

Menlo Townhouses 10 plex for sale. 4 '1bd 1 ba' units and 6 '2bd 1 ba' units. 6 units have been remodeled and are occupied, 2 units are under construction and will be completed prior to close of escrow. 2 Units are not renovated and are occupied by tenant. Seller will finish remodeling. 20+ parking spots in rear with street parking in front and on the side of the building. Conveniently located less than 5 minutes from Downtown Tucson and 10 minutes from the U of A. Sun Link Street Car is one block away and runs through U of A/Downtown. 3 of the 1 beds rents for $1,100, 1 of the 1 beds rent for $1,175, and all of the 2 beds rent between $1,300 - $1,400.

Listing Details MLS# 22324525

Address Information

Street #
1331-1349
Direction
W
Street Name
Pennington
Suffix
Street
State/Province
AZ
Zip Code
85745
County
Pima
Country
USA

Location, Tax & Legal

Tax Code
116-21-3650
Area
West
Tax Year
2023
Taxes
13.17
Assessments
0
Legal Description
From Parcel:001010010 /Menlo Demonstration Townhouses Lot 11 Common Area McKee Addition Resub Of Lots 2 3 4 5 Blk 3
Development Name
Menlo Townhouses 10 Plex
Municipality/Zoning
Tucson - R2
Fire Protection
Included in Taxes
FEMA Flood Zone
No
Municipal Flood Zone
No

General Property Information

Property Sub-Type
Apartment
Construction Status
Existing
# Units
10
Total Parking
20
Multi-Tenant
Yes
Year Built
1978
Lot Dimensions
194' x 75' x 197' x 75'
Lot Acres
0.68
Lot Sqft
29767
Lot Size Source
Assessor
Combined SqFt
7074
Source of SqFt
Assessor
List Price/SqFt
212.04
Lot Size Price/SqFt
50.39

Property Features

Property Features: Smoke Detector Construction: Frame - Stucco Roof: Built-Up Fenced Storage: No Main Cooling: Wall Unit(s) Main Heating: Wall Furnace Water Heater: Electric Gas: None Sewer: Connected Water: Public Fence: Chain Link Landscape - Front: Low Care Landscape - Rear: Low Care Road Type: Paved Parking: Paved Parking Lot Features: Corner Lot; Subdivided Business Location: Corner Lot Traffic Count: Unknown Terms: Cash; Conventional; Submit Possession: Immediate Submit With Offer: Digital Signature Accepted Property Disclosures: Unknown Special Conditions: None

Contract Information

Method of Title
Fee (Simple)
Short Sale
No

Status Change Info

Off Market Date
2024-02-02
Pending Date
2024-05-06
Sold Date
2024-05-06
Sold Price/SqFt
189.43
Lot Sz Sold Prc/SqFt
45.02
Financing
Cash Owner Carryback

More Information

Showing Information

Directions
I-10/Congress - W, Silverbell - N, Pennington - E, to property address.

Unit Information

Apartment
Low Rise

Apartment Unit Information

# of Units/1 BR
4
Avg Mo Rent/1 BR
1100
# of Units/2 BR
6
Avg Mo Rent/2 BR
1350

Electric

Electric Company
TEP

Sold Info

Seller Concessions
30000

Gas

None
Yes

Construction

Frame - Stucco
Yes

Sewer

Connected
Yes

Roof

Built-Up
Yes

Water

Public
Yes

Property Features

Smoke Detector
Yes

Fence

Chain Link
Yes

Road Type

Paved
Yes

Fenced Storage

No
Yes

Lot Features

Corner Lot
Yes
Subdivided
Yes

Main Cooling

Wall Unit(s)
Yes

Main Heating

Wall Furnace
Yes

Water Heater

Electric
Yes

Terms

Cash
Yes
Conventional
Yes
Submit
Yes

Submit With Offer

Digital Signature Accepted
Yes

Landscape - Front

Low Care
Yes

Landscape - Rear

Low Care
Yes

Parking

Paved Parking
Yes

Business Location

Corner Lot
Yes

Freeway/Highway

1.1 - 2 Miles
Yes

Traffic Count

Unknown
Yes

Possession

Immediate
Yes

Property Disclosures

Unknown
Yes

Special Conditions

None
Yes

Documents

Listing Office: Long Realty
IDX
Last Updated: December - 23 - 2024
Broker Attribution: 520-444-4411

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