$5,900,000
Tucson, AZ 85716
MLS# 22524610
Status: Closed
28485 sqft
Property Description
One of a kind multi family rental opportunity. Just a short bike ride from the University and minutes from many commercial amenities this 27 unit property offers free standing units, walled rear yards, desert tolerant plantings, no landlord water bill, all electric and water units-paid by tenants. 2 off street parking spaces per unit, laundry hooks in each unit.
Details
Maps
Address Information
Street #: 3601
Direction: E
Street Name: 4th
Suffix: Street
State/Province: AZ
Zip Code: 85716
County: Pima
Country: USA
Location Tax Legal
Tax Code: 125-11-218A
Area: Central
Contract Information
Current Price: $5,900,000
Sold Price: $5,900,000
Listing Date: 2025-09-22
Status: Closed
Method of Title: Fee (Simple)
Short Sale: No
Status Change Info
Off Market Date: 2025-09-23
Pending Date: 2025-09-22
Sold Date: 2025-09-25
Sold Price: $5,900,000
Sold Price/SqFt: 207.13
Lot Sz Sold Prc/SqFt: 74.18
Financing: Cash Owner Carryback
Showing Information
Directions: From country club and 5th, east to Richey, north to address
General Property Information
Property Sub-Type: Other
Construction Status: Existing
# Units: 27
Total Parking: 54
Multi-Tenant: Yes
Year Built: 2001
Lot Dimensions: Irregular
Lot Acres: 1.83
Lot Sqft: 79540
Lot Size Source: Assessor
Combined SqFt: 28485
Source of SqFt: Assessor
List Price/SqFt: 224.68
Lot Size Price/SqFt: 80.46
Remarks Misc
Geo Lat: 32.23093
Geo Lon: -110.915869
Income
Gross Scheduled Rent: 490877
Vacancy Loss: 6500
Net Opp Income: 415477
Analysis
Vacancy Rate %: 1.32
Expenses
Captial Expenses: 5000
Contract Services: 1500
Figures Presented: Proforma
Gas/Electric: 1500
Insurance: 17500
Maintenance Supplies: 1000
Taxes/Assessments: 37000
Water/Sewer: 400
Other Expenses: 5000
Unit Information
Apartment: Low Rise
Apartment Unit Information
# of Units/2 BR: 27
Avg Mo Rent/2 BR: 1585
Electric
Electric Company: tep
Parking
# Covered Parking: 27
Other: 27 uncovered
Submit With Offer
Seller Title Company: Fidelity National
Sold Info
Est. Closing Date: 2025-09-25
Property Features
Property Features: Interior Steps; Smoke Detector
Construction: Frame - Stucco
Roof: Built-Up - Reflect
Main Cooling: Ceiling Fan(s); Heat Pump
Main Heating: Electric
Water Heater: Electric
Gas: None
Sewer: Connected
Water: Public
Window Features: Double Pane Windows
Fence: Block; Shared Fence
Landscape - Front: Desert Plantings; Low Care; Trees
Landscape - Rear: Desert Plantings; Low Care; Trees
Road Type: Paved
Parking: Paved Parking
Lot Features: Corner Lot; North/South Exposure; Subdivided
Terms: Cash; Conventional; Exchange
Submit With Offer: Proof of Funds; Written Lender Approval
Property Disclosures: Seller Prop Disclosure
Special Conditions: None
Listing Office: Long Realty
Last Updated: September - 25 - 2025
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