Tucson, AZ 85716

$1,212,750
Property Type: Commercial Square Footage: 9,620 Lot Size (sq. ft.): 37 Status: Closed
Current Price: $1,212,750 List Date: 10/03/2023 Last Modified: 12/23/2024

Overview

Description

Presenting an exclusive chance to acquire a remarkable 12-unit multifamily property nestled in the coveted Midtown area of Tucson. This property presents a tranquil and roomy atmosphere for tenants, complemented by breathtaking vistas of the Santa Catalina mountains. Its strategic positioning and appealing unit variety render it a compelling investment opportunity, poised for a new owner to strategically reposition and unlock its full potential. Includes parcel # 118-08-286, 287. DO NOT DISTURB. DRIVE BY ONLY.

Listing Details MLS# 22321359

Address Information

State/Province
AZ
Zip Code
85716
County
Pinal
Country
USA

Location, Tax & Legal

Tax Code
111-06-2870
Area
Central
Tax Year
2022
Taxes
3851
Assessments
0
Legal Description
GRANADA PARK LOT 9 EXC W60' BLK 8 (6642/439 10430/3216 & 3226)
Municipality/Zoning
Tucson - R4
Fire Protection
None

General Property Information

Property Sub-Type
Apartment
Construction Status
Existing
# Units
12
Multi-Tenant
Yes
Year Built
1971
Lot Dimensions
See Tax Assessor
Lot Acres
0.83
Lot Sqft
36033
Lot Size Source
Assessor
Combined SqFt
9620
Source of SqFt
Assessor
List Price/SqFt
138.77
Lot Size Price/SqFt
37.05

Property Features

Construction: Brick Main Heating: Natural Gas; Other Water Heater: Natural Gas Gas: Natural Sewer: Connected Water: Public Fence: Block Landscape - Front: Desert Plantings Road Type: Paved Parking: Paved Parking Lot Features: East/West Exposure Possession: Recording Property Disclosures: Unknown Special Conditions: Probate Estate

Contract Information

Short Sale
No

Status Change Info

Off Market Date
2023-11-02
Pending Date
2023-12-22
Sold Date
2023-12-22
Sold Price/SqFt
126.07
Lot Sz Sold Prc/SqFt
33.66
Financing
Conventional

More Information

Income

Gross Scheduled Rent
90440
Net Opp Income
32156

Expenses

Insurance
4185
Management
7571
Taxes/Assessments
7399
Water/Sewer
9158

Unit Information

Apartment
Low Rise

Apartment Unit Information

# of Units/1 BR
5
# of Units/2 BR
7

Terms

Other
See Remarks

Gas

Natural
Yes

Construction

Brick
Yes

Sewer

Connected
Yes

Water

Public
Yes

Fence

Block
Yes

Road Type

Paved
Yes

Lot Features

East/West Exposure
Yes

Main Heating

Natural Gas
Yes
Other
Yes

Water Heater

Natural Gas
Yes

Sold Info

Seller Concessions
0

Landscape - Front

Desert Plantings
Yes

Parking

Paved Parking
Yes

Possession

Recording
Yes

Property Disclosures

Unknown
Yes

Special Conditions

Probate Estate
Yes
Listing Office: R.O.I. Properties
IDX
Last Updated: December - 23 - 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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