69 W Simpson Street, Tucson, AZ 85701

$1,200,000
Property Type: Multi-Family Square Footage: 8,525 Lot Size (sq. ft.): 76 Status: Closed
Current Price: $1,200,000 List Date: 8/02/2019 Last Modified: 12/12/2024

Overview

Description

Las Cuatras Esquinas has been in the same family for over 40 years. This is the first time that it is on the market. An 1886 map shows buildings at all four corners of South Convent and West Simpson — a grocery, a store, a dwelling and one vacant structure. Just two years later, three of the four corners housed stores or groceries. Horse and buggy is what delivered the groceries! Legend has it that gold is buried in the basement of the market. There have been many attempts to find it to no avail. This is now one of the rare, large properties of the Barrio. 10 units are used as rentals and 2 are used for storage. The development possibilities are interesting or would make a fabulous Family Compound!

Listing Details MLS# 21920385

Address Information

Street #
69
Direction
W
Street Name
Simpson
Suffix
Street
State/Province
AZ
Zip Code
85701
County
Pima
Country
USA

Location, Tax & Legal

Tax Code
117-14-114A
Area
Central
Subdivision
Tucson
Tax Year
2018
Taxes
6859
Assessments
0
Taxes For
Dwelling & Land
Legal Description
TUCSON LOT 5 BLK 233
Township
14
Community
None
Range
13
Section
13
Municipality/Zoning
Tucson - HO3
Fire Protection
Included in Taxes
FEMA Flood Zone
No
Municipal Flood Zone
No

General Property Information

Dwelling Type
Quadruplex
Attached/Detached
Detached
Construction Status
Existing
Lot Dimensions
110.22 X 159 X 100.32 X 109.72
Lot Acres
0.38
Lot Sqft
16675
Lot Size Source
Assessor
Combined SqFt
8525
Year Built
1888
School District
TUSD
Elementary School
Carrillo
Middle School
Drachman
High School
Tucson
Horse Property
No
Horse Facilities
No
List Price/SqFt
150.15
Lot Size Price/SqFt
76.76
Total Parking
0

Property Features

Construction: Mud Adobe; Wood Frame Style: Spanish Roof: Built-Up - Reflect; Metal Living Areas: Great Room Dining Areas: Eat-In Kitchen Dining Room: None Breakfast: Eat-In Kitchen Features: Gas Range; Refrigerator Bathroom Features: Shower Only/Primary Laundry: Outside Extra Room: None Interior Features: Ceiling Fan(s); Vaulted Ceiling(s) Floor Covering: Ceramic Tile; Concrete; Wood Window Covering: None Technology: Cable TV; High Speed Internet Main Cooling: Central Air; Evaporative Cooling Main Heating: Forced Air; Natural Gas Water Heater: Natural Gas Gas: Natural Sewer: Connected Water: Public Accessibility Option: None Security: None Pool: None Spa: None Fence: Wood Landscape - Front: None Landscape - Rear: Desert Plantings View: Residential; Mountain(s) Road Type: Paved Driveway: None Exterior Feature: Courtyard Lot Features: Corner Lot Neighborhood Features: Historic Terms: Cash; Owner Carry Submit With Offer: Proof of Funds Property Disclosures: Lead Based Paint; Seller Prop Disclosure Special Conditions: None

Contract Information

Method of Title
Fee (Simple)
Distressed Info
None

Status Change Info

Off Market Date
2019-09-07
Pending Date
2019-10-22
Sold Date
2019-10-31
Sold Price/SqFt
140.76
Lot Sz Sold Prc/SqFt
71.96
How Sold
Cash Owner Carryback

More Information

Showing Information

Directions
South on Convent from Cushing Street to the address.

Unit 1 Information

Monthly Rent
575
# Beds
Yes
# Full Baths
Yes
SqFt
600
Occupancy
Yes
Stories
Single
Floor
1st
Furnished
No
Parking
On Street

Unit 2 Information

Monthly Rent
600
# Beds
Yes
# Full Baths
Yes
SqFt
650
Occupancy
Yes
Stories
Single
Floor
1st
Furnished
No
Parking
On Street

Analysis

Cap Rate %
4.48
Gross Rent Multi
18.1
Exp/SqFt
1.47
Exp % of Gross
18.85
Vacancy Rate %
0

Income

Gross Scheduled Rent
66300
Adjusted Gross
66300
Total Expenses
12500
Net Opp Income
53800
Vacancy Loss
0
Other Income
0

Expenses

Other Expenses
12500
Figures Presented
Proforma
Admin Expenses
0
Capital Expenses
0
Contract Services
0
Gas/Electric
0
Insurance
0
Maintenance Supplies
0
Management
0
Resident Manager
0
Taxes/Assessments
0
Water/Sewer
0

Electric

Electric Company
TEP

Utilities Paid

Cable TV
Tenant
Electric
Tenant
Gas
Tenant
Insurance
Owner
Sewer
Owner
Taxes
Owner
Trash
Owner
Water
Owner

RV Parking

Other
none

Subdivision Restrict

Age Restrictions
No
Deed Restrictions
Yes
CC&Rs
No

Home Protection

Offered
No

Gas

Natural
Yes

Construction

Mud Adobe
Yes
Wood Frame
Yes

Style

Spanish
Yes

Sewer

Connected
Yes

Roof

Built-Up - Reflect
Yes
Metal
Yes

Water

Public
Yes

Living Areas

Great Room
Yes

Dining Areas

Eat-In Kitchen
Yes

Fence

Wood
Yes

Dining Room

None
Yes

View

City
Yes
Mountain(s)
Yes
Residential
Yes

Breakfast

Eat-In
Yes

Road Type

Paved
Yes

Kitchen Features

Gas Range
Yes
Refrigerator
Yes

Road Maintenance

City
Yes

Lot Features

Corner Lot
Yes

Main Cooling

Central Air
Yes
Evaporative Cooling
Yes

Laundry

Outside
Yes

Neighborhood Features

Historic
Yes

Main Heating

Forced Air
Yes
Natural Gas
Yes

Extra Room

None
Yes

Water Heater

Natural Gas
Yes

Association & Fees

HOA
No

Interior Features

Ceiling Fan(s)
Yes
Vaulted Ceiling(s)
Yes

Bathroom Features

Shower Only/Primary
Yes

Terms

Cash
Yes
Owner Carry
Yes

Floor Covering

Ceramic Tile
Yes
Concrete
Yes
Wood
Yes

Submit With Offer

Proof of Funds
Yes

Window Covering

None
Yes

Accessibility Option

None
Yes

Technology

Cable TV
Yes
High Speed Internet
Yes

Security

None
Yes

Sold Info

Seller Concessions
0

Landscape - Front

None
Yes

Landscape - Rear

Desert Plantings
Yes

Patio/Deck

Patio
Yes

Pool

None
Yes

Property Disclosures

Lead Based Paint
Yes
Seller Prop Disclosure
Yes

Spa

None
Yes

Special Conditions

None
Yes

Driveway

None
Yes

Exterior Feature

Courtyard
Yes

Documents

IDX
Listing Office: Beth Jones Realty, LLC
Last Updated: December - 12 - 2024
The data relating to real estate listings on this website comes in part from the Internet Data Exchange (IDX) program of Multiple Listing Service of Southern Arizona. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listings provided by brokerages other than the listing brokerage here are identified with the MLSSAZ IDX Logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate. Listing information Copyright 2020 MLS of Southern Arizona. All Rights Reserved.
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