705 E University Boulevard, Tucson, AZ 85719

$1,000,000
Property Type: Multi-Family Square Footage: 5,535 Lot Size (sq. ft.): 78 Status: Closed
Current Price: $1,000,000 List Date: 10/17/2024 Last Modified: 11/11/2024

Overview

Description

LOCATION, LOCATION, LOCATION!!! This historic 4 plex in the heart of Buells Addition a stone's throw from the University of Arizona campus. Each unit has high ceilings wood floors, 2 bedroom and 1 bath units, with charming kitchens and bathrooms. Plenty of room for parking.

Listing Details MLS# 22425726

Address Information

Street #
705
Direction
E
Street Name
University
Suffix
Boulevard
State/Province
AZ
Zip Code
85719
County
Pima
Country
USA

Location, Tax & Legal

Tax Code
124-05-1016
Area
Central
Subdivision
Buells Addition, Blks 13, 14, 15 Resub.
Comparable Only Listing
No
Tax Year
2023
Taxes
3567.82
Assessments
0
Taxes For
Dwelling & Land
Legal Description
Buells Lots 1 & 2 Blk 3
Township
14
Community
None
Range
14
Section
7
Municipality/Zoning
Tucson - HR3
Fire Protection
Included in Taxes
FEMA Flood Zone
No
Municipal Flood Zone
No

General Property Information

Dwelling Type
Quadruplex
Attached/Detached
Attached
Construction Status
Existing
Lot Dimensions
101X152X104X152
Lot Acres
0.35
Lot Sqft
15246
Lot Size Source
Assessor
Combined SqFt
5535
Year Built
1916
Total Parking
10
School District
TUSD
Elementary School
Roskruge
Middle School
Roskruge Bilingual Magnet
High School
Tucson
Horse Property
No
Horse Facilities
No
List Price/SqFt
216.8
Lot Size Price/SqFt
78.71

Property Features

Construction: Concrete Block Style: Territorial Roof: Rolled Living Areas: Living Room Dining Areas: Dining in LR/GR Dining Room: None Breakfast: Area Bathroom Features: Shower & Tub/Primary Laundry: None Extra Room: None Interior Features: Smoke Detector; Vaulted Ceiling(s) Floor Covering: Ceramic Tile; Wood Window Covering: Some Technology: Telephone Main Cooling: Central Air; Window Unit(s) Main Heating: Electric; Wall Furnace Water Heater: Natural Gas Gas: Natural Sewer: Connected Accessibility Option: None Security: None Pool: None Spa: None Fence: Wrought Iron Landscape - Front: None Landscape - Rear: None View: Mountain(s) Road Type: Paved Driveway: To Property Line Exterior Feature: None Lot Features: Adjacent to Alley; Corner Lot; North/South Exposure Terms: Cash; Conventional; Submit Submit With Offer: Earnest Check; Lender Pre-Approval; Loan Pre-Qualifiaction; Loan Status; Proof of Funds Property Disclosures: Deed Restrictions; Lead Based Paint; Seller Prop Disclosure; Insurance Claims History Report Special Conditions: None

Contract Information

Method of Title
Fee (Simple)
Distressed Info
None

Status Change Info

Off Market Date
2024-10-25
Pending Date
2024-11-07
Sold Date
2024-11-08
Sold Price/SqFt
180.67
Lot Sz Sold Prc/SqFt
65.59
How Sold
Cash

More Information

Showing Information

Directions
Euclid & University, West on University to address on the North Side of University

Unit Info

# of Units/2 BR
4
Avg Mo Rent/2 BR
1161.25

Unit 1 Information

Monthly Rent
1220
# Beds
2
# Full Baths
Yes
SqFt
1200
Occupancy
Yes
Stories
Single
Floor
1st
Furnished
No
Parking
On Property

Unit 2 Information

Monthly Rent
1220
# Beds
2
# Full Baths
Yes
SqFt
1200
Occupancy
Yes
Stories
Single
Floor
1st
Furnished
No
Parking
On Property

Unit 3 Information

Monthly Rent
1195
# Beds
2
# Full Baths
Yes
SqFt
1200
Occupancy
Yes
Stories
Single
Floor
2nd
Furnished
No
Parking
On Property

Unit 4 Information

Monthly Rent
1010
# Beds
2
# Full Baths
Yes
SqFt
1200
Occupancy
Yes
Stories
Single
Floor
2nd
Furnished
No
Parking
On Property

Analysis

Cap Rate %
4.09
Gross Rent Multi
17.98
Exp/SqFt
2.66
Exp % of Gross
26.52
Vacancy Rate %
0

Income

Gross Scheduled Rent
55620
Adjusted Gross
55620
Total Expenses
14749.4
Net Opp Income
40870.6
Vacancy Loss
0
Other Income
0

Expenses

Insurance
4551.58
Management
5562
Taxes/Assessments
3567.82
Water/Sewer
1068
Figures Presented
Proforma
Admin Expenses
0
Capital Expenses
0
Contract Services
0
Gas/Electric
0
Maintenance Supplies
0
Resident Manager
0
Other Expenses
0

Kitchen Features

Pantry
Cabinet
Appliance Color
White
Oven
Gas Stove

Interior Features

Interior Steps
Yes
Smoke Detector
Yes
Vaulted Ceiling(s)
Yes

Electric

Electric Company
TEP

Water

Water Company
City

Utilities Paid

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

RV Parking

Other
None

Neighborhood Features

Green Valley Rec
No

Subdivision Restrict

Age Restrictions
No
Deed Restrictions
Yes
CC&Rs
Yes

Submit With Offer

Digital Signatures
Yes
Seller Title Company
Fidelity National
Earnest Check
Yes
Lender Pre-Approval
Yes
Loan Pre-Qualifiaction
Yes
Loan Status
Yes
Proof of Funds
Yes

Home Protection

Offered
No

Sold Info

Down Payment
100000
Est. Closing Date
2024-11-08
Seller Concessions
0

Gas

Natural
Yes

Construction

Concrete Block
Yes

Style

Territorial
Yes

Sewer

Connected
Yes

Roof

Rolled
Yes

Living Areas

Living Room
Yes

Dining Areas

Dining in LR/GR
Yes

Fence

Wrought Iron
Yes

Dining Room

None
Yes

View

Mountain(s)
Yes

Breakfast

Area
Yes

Road Type

Paved
Yes

Road Maintenance

City
Yes

Lot Features

Adjacent to Alley
Yes
Corner Lot
Yes
North/South Exposure
Yes

Main Cooling

Central Air
Yes
Window Unit(s)
Yes

Laundry

None
Yes

Main Heating

Electric
Yes
Wall Furnace
Yes

Extra Room

None
Yes

Water Heater

Natural Gas
Yes

Association & Fees

HOA
No

Bathroom Features

Shower & Tub/Primary
Yes

Terms

Cash
Yes
Conventional
Yes
Submit
Yes

Floor Covering

Ceramic Tile
Yes
Wood
Yes

Window Covering

Some
Yes

Accessibility Option

None
Yes

Technology

Telephone
Yes

Security

None
Yes

Landscape - Front

None
Yes

Landscape - Rear

None
Yes

Patio/Deck

Screened
Yes

Pool

None
Yes

Property Disclosures

Deed Restrictions
Yes
Insurance Claims History Report
Yes
Lead Based Paint
Yes
Seller Prop Disclosure
Yes

Spa

None
Yes

Special Conditions

None
Yes

Driveway

To Property Line
Yes

Exterior Feature

None
Yes

Documents

Listing Office: Tucson's Choice Property Management & Real Estate Group LLC
IDX
Last Updated: November - 11 - 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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