$945,000
Tucson, AZ 85705
MLS# 22407018
Status: Closed
2514 sqft
1 / 28
Property Description
Welcome to a prime investment opportunity in the vibrant heart of Tucson, Arizona. This meticulously renovated fourplex stands as a testament to modern living intertwined with timeless charm. Situated in a sought-after location, this property offers not just a place to call home but also an exceptional long-term investment opportunity in one of Tucson's most desirable neighborhoods.
Details
Maps
Address Information
Street #: 12
Direction: E
Street Name: University Boulevard
State/Province: AZ
Zip Code: 85705
County: Pima
Country: USA
Location Tax Legal
Tax Code: 117-03-2570
Area: Central
Subdivision: Speedway Addition NO. 1
Contract Information
Current Price: $945,000
Sold Price: $945,000
Listing Date: 2024-03-16
Status: Closed
Method of Title: Fee (Simple)
Distressed Info: None
Status Change Info
Off Market Date: 2024-04-18
Pending Date: 2024-05-20
Sold Date: 2024-05-30
Sold Price: $945,000
Sold Price/SqFt: 375.89
Lot Sz Sold Prc/SqFt: 197.2
How Sold: Cash
General Property Information
Dwelling Type: Quadruplex
Attached/Detached: Attached
Construction Status: Existing
Lot Dimensions: TBD
Lot Acres: 0.11
Lot Sqft: 4792
Lot Size Source: Appraiser
Combined SqFt: 2514
Year Built: 1927
Total Parking: 4
School District: TUSD
Elementary School: Davis Bilingual Magnet
Middle School: Roskruge Bilingual Magnet
High School: Tucson
Horse Property: No
Horse Facilities: No
List Price/SqFt: 397.77
Lot Size Price/SqFt: 208.68
Remarks Misc
Geo Lat: 32.231428
Geo Lon: -110.971301
Showing Information
Directions: From I-10/Speedway, E to Stone, S to University, E to address
Unit Info
# of Units/Studios: 4
Unit 1 Information
Monthly Rent: 1188
# Beds: 1
# Full Baths: 1
SqFt: 628
Occupancy: Yes
Stories: Single
Floor: 1st
Furnished: Yes
Parking: On Property
Unit 2 Information
Monthly Rent: 1440
# Beds: 2
# Full Baths: 1
SqFt: 754
Occupancy: Yes
Stories: Two
Floor: 2nd
Furnished: Yes
Parking: On Property
Unit 3 Information
Monthly Rent: 1188
# Beds: 1
# Full Baths: 1
SqFt: 628
Occupancy: Yes
Stories: Single
Furnished: Yes
Parking: On Property
Unit 4 Information
Monthly Rent: 1440
# Beds: 2
# Full Baths: 1
SqFt: 754
Occupancy: Yes
Stories: Two
Floor: 2nd
Furnished: Yes
Parking: On Property
Analysis
Cap Rate %: 2
Gross Rent Multi: 42.38
Exp/SqFt: 1.35
Exp % of Gross: 15.27
Income
Gross Scheduled Rent: 22299
Adjusted Gross: 22299
Total Expenses: 3405.57
Net Opp Income: 18893.43
Expenses
Gas/Electric: 100
Insurance: 333
Taxes/Assessments: 2872.57
Water/Sewer: 100
Figures Presented: Actual
Electric
Electric Company: TEP
Utilities Paid
Cable TV: Owner
Electric: Owner
Gas: Owner
Insurance: Owner
Sewer: Owner
Taxes: Owner
Trash: Owner
Water: Owner
Driveway
Paved: Concrete
RV Parking
Other: None
Subdivision Restrict
Age Restrictions: No
Deed Restrictions: No
CC&Rs: No
Submit With Offer
Digital Signatures: Yes
Seller Title Company: Pioneer Title
Home Protection
Offered: No
Sold Info
Est. Closing Date: 2024-05-30
Seller Paid Repairs: 5000
Property Features
Construction: Masonry Stucco
Style: Modern; Territorial
Roof: Membrane
Living Areas: Living Room
Dining Areas: Breakfast Nook
Dining Room: None
Breakfast: Eat-In
Kitchen Features: Electric Range
Bathroom Features: Shower & Tub/Primary
Laundry: Storage
Extra Room: None
Interior Features: Ceiling Fan(s); Storage
Floor Covering: Wood
Window Covering: None
Technology: Cable TV
Main Cooling: Ceiling Fan(s); Central Air
Main Heating: Electric; Forced Air
Water Heater: Natural Gas
Gas: Natural
Sewer: Connected
Water: Public
Accessibility Option: None
Security: None
Pool: None
Spa: None
Fence: Block
Landscape - Front: Desert Plantings; Graded; Low Care; Trees
Landscape - Rear: Decorative Gravel; Desert Plantings; Graded; Low Care; Natural Desert; Trees
View: Residential
Road Type: Paved
Exterior Feature: None
Lot Features: North/South Exposure
Neighborhood Features: Paved Street; Street Lights
Terms: Cash; Conventional; FHA Loan; Owner Carry; VA Loan
Submit With Offer: Lender Pre-Approval; Loan Pre-Qualifiaction; Proof of Funds
Property Disclosures: Lead Based Paint
Special Conditions: None
Listing Office: Coldwell Banker Realty
Last Updated: April - 24 - 2026
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