228 E 32Nd Street, Tucson, AZ 85713
$1,200,000
Property Type:
Commercial
Square Footage:
5,132
Lot Size (sq. ft.):
116
Status:
Closed
Current Price:
$1,200,000
List Date:
5/09/2024
Last Modified:
12/25/2024
Overview
Description
This asset presents a lucrative investment opportunity. Built between 1934 and 1958, Borden's Court features 19 studios, 8 one-bedroom/one-bathroom units, as well as 2 two-bedroom/one- bathroom units. The value-add opportunity for prospective investors is significant. Capital improvements just completed over the last 90 days along with rent increases according to Section 8 standards have this property primed for sale. For access to financials and pertinent docs, reach out to agent.
Listing Details MLS# 22411605
Address Information
- Street #
- 228
- Direction
- E
- Street Name
- 32Nd
- Suffix
- Street
- State/Province
- AZ
- Zip Code
- 85713
- County
- Pima
- Country
- USA
Location, Tax & Legal
- Tax Code
- 118-25-155A
- Area
- South
- Tax Year
- 2023
- Taxes
- 1926.73
- Assessments
- 0
- Legal Description
- HOME NO 2 LOTS 4 & 5 BLK 11
- Municipality/Zoning
- South Tucson - SR2
- Fire Protection
- Included in Taxes
- FEMA Flood Zone
- No
General Property Information
- Property Sub-Type
- Apartment
- Construction Status
- Existing
- # Units
- 29
- Year Built
- 1943
- Lot Dimensions
- 92'x148'x94'x148'
- Lot Acres
- 0.31
- Lot Sqft
- 13286
- Lot Size Source
- Assessor
- Combined SqFt
- 5132
- Source of SqFt
- Assessor
- List Price/SqFt
- 302.03
- Lot Size Price/SqFt
- 116.66
Property Features
Terms:
Cash
Contract Information
- Short Sale
- No
Status Change Info
- Off Market Date
- 2024-06-09
- Pending Date
- 2024-06-24
- Sold Date
- 2024-06-24
- Sold Price/SqFt
- 233.83
- Lot Sz Sold Prc/SqFt
- 90.32
- Financing
- Cash
More Information
Unit Information
- Apartment
- Low Rise
Apartment Unit Information
- # of Units/Studios
- 19
- # of Units/1 BR
- 8
- # of Units/2 BR
- 2
Terms
- Cash
- Yes
Sold Info
- Seller Concessions
- 0
Documents
Offering Memorandum ›
Listing Office:
Pinnacle Realty and Investment Advisors LLC
Last Updated: December - 25 - 2024
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