$400,000
Tucson, AZ 85711
MLS# 22229982
Status: Closed
2245 sqft
1 / 26
Property Description
What an incredible opportunity to build your wealth with this turn-key 4 plex! Whether you're a seasoned investor looking for your next asset, or just getting started in real estate investing, put this terrific property at the top of your list! Conveniently central, this property is a straight shot from the base, and minutes from groceries, dining, and shopping. The two 1 bed/ 1 bath units are rented, while the studio unit is currently used as a short term rental, which nets over $15,000 per year! The recently remodeled 3 bed/ 1 bath unit is perfect for an owner's residence, but would also be a very desirable rental! Each unit has its own yard. This 4 plex has been well-maintained, and has had many recent upgrades. This will be an excellent addition to your portfolio, so come see it!
Details
Maps
Documents
Address Information
Street #: 1601
Direction: S
Street Name: Woodland
Suffix: Avenue
State/Province: AZ
Zip Code: 85711
County: Pima
Country: USA
Location Tax Legal
Tax Code: 131-02-0130
Area: Central
Subdivision: Craycroft Terrace
Contract Information
Current Price: $400,000
Sold Price: $400,000
Listing Date: 2022-11-30
Status: Closed
Method of Title: Fee (Simple)
Distressed Info: None
Status Change Info
Off Market Date: 2022-12-05
Pending Date: 2023-01-24
Sold Date: 2023-01-27
Sold Price: $400,000
Sold Price/SqFt: 178.17
Lot Sz Sold Prc/SqFt: 58.12
How Sold: Conventional
General Property Information
Dwelling Type: Quadruplex
Attached/Detached: Attached
Construction Status: Existing
Lot Dimensions: 37*11*110*71*115
Lot Acres: 0.16
Lot Sqft: 6882
Lot Size Source: Assessor
Combined SqFt: 2245
Year Built: 1966
Total Parking: 5
School District: TUSD
Elementary School: Myers/Ganoung
Middle School: Roberts (at Naylor)
High School: University
Horse Property: No
Horse Facilities: No
List Price/SqFt: 178.17
Lot Size Price/SqFt: 58.12
Remarks Misc
Geo Lat: 32.202319
Geo Lon: -110.876135
Showing Information
Directions: South on Craycroft from 22nd, west onto Woodland Ave, property will be on the left.
Unit Info
# of Units/Studios: 1
# of Units/1 BR: 2
# of Units/3 BR: 1
Unit 1 Information
Monthly Rent: 600
# Full Baths: 1
SqFt: 400
Occupancy: No
Stories: Single
Floor: 1st
Furnished: No
Parking: On Property
Unit 2 Information
Monthly Rent: 500
# Beds: 1
# Full Baths: 1
SqFt: 500
Occupancy: Yes
Stories: Single
Floor: 1st
Furnished: No
Parking: On Property
Unit 3 Information
Monthly Rent: 750
# Beds: 1
# Full Baths: 1
SqFt: 500
Occupancy: Yes
Stories: Single
Furnished: No
Parking: On Property
Unit 4 Information
Monthly Rent: 1300
# Beds: 3
# Full Baths: 1
Occupancy: No
Stories: Single
Furnished: No
Parking: On Property
Analysis
Cap Rate %: 7.78
Gross Rent Multi: 8.89
Exp/SqFt: 6.18
Exp % of Gross: 30.85
Income
Gross Scheduled Rent: 30000
Other Income: 15000
Adjusted Gross: 45000
Total Expenses: 13881.35
Net Opp Income: 31118.65
Expenses
Gas/Electric: 3600
Insurance: 1308
Maintenance Supplies: 5000
Taxes/Assessments: 2173.35
Water/Sewer: 1800
Figures Presented: Proforma
Kitchen Features
Appliance Color: Stainless
Floor Covering
Other: Laminate
Main Cooling
Other: Mini Splits
Electric
Electric Company: TEP
Utilities Paid
Cable TV: Owner
Electric: Owner
Gas: Owner
Insurance: Owner
Sewer: Owner
Taxes: Owner
Trash: Owner
Water: Owner
Subdivision Restrict
Age Restrictions: No
Deed Restrictions: No
CC&Rs: No
Home Protection
Offered: No
Property Features
Construction: Brick
Style: Ranch
Roof: Built-Up
Living Areas: Living Room
Dining Areas: Dining in LR/GR
Dining Room: Area
Breakfast: Area
Kitchen Features: Breakfast Bar; Double Sink; Gas Range
Bathroom Features: Shower & Tub/Primary
Laundry: Laundry Room
Extra Room: None
Interior Features: Beamed Ceilings; Smoke Detector
Window Covering: Some
Window Features: Double Pane Windows
Technology: Cable TV; High Speed Internet
Main Cooling: Central Air
Main Heating: Forced Air; Natural Gas
Water Heater: Natural Gas
Gas: Natural
Sewer: Connected
Water: Public
Accessibility Option: None
Security: Security Lights; Window Bars
Pool: None
Spa: None
Fence: Chain Link; Wood
Landscape - Front: None
Landscape - Rear: None
View: Residential
Road Type: Paved
Driveway: Car(s) Pad
RV Parking: Space Available
Exterior Feature: None
Lot Features: Adjacent to Alley; Corner Lot; North/South Exposure
Neighborhood Features: Sidewalks
Terms: Cash; Conventional; Submit
Submit With Offer: Loan Pre-Qualifiaction; Proof of Funds
Property Disclosures: Seller Prop Disclosure; Insurance Claims History Report
Special Conditions: None
Lead Paint Discl 
Listing Office: RE/MAX Select
Last Updated: January - 12 - 2026
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