$750,000
Tucson, AZ 85719
MLS# 22406861
Status: Closed
3365 sqft
1 / 42
Property Description
A profitable three unit close to the University of Arizona Campus & downtown Tucson! Total of 3 units: a duplex and a single family home. Unit A is 4 bedrooms, 3 bathrooms generating $2,700 in rents. Unit B is 2 bedrooms and 2 bathrooms and makes $1,450 a month. Unit C is 4 bedrooms, 3 bathrooms and makes $2,299 a month. All in amazing condition and updated. Lots of parking and gated entry for extra security. Within walking and biking distance to the U of A makes this ideal for college students. Amazing cap rate, fully occupied with leases in place and a high return. This hard to find investment property is turn key. PLEASE DO NOT DISTURB CURRENT TENANTS! Units will be shown with an accepted offer or during showing window on Saturday.
Details
Maps
Documents
Address Information
Street #: 1842
Direction: N
Street Name: Santa Rita
Suffix: Avenue
State/Province: AZ
Zip Code: 85719
County: Pima
Country: USA
Location Tax Legal
Tax Code: 123-11-054B
Area: Central
Subdivision: Speedway Addition NO. 1
Contract Information
Current Price: $750,000
Sold Price: $750,000
Listing Date: 2024-03-18
Status: Closed
Method of Title: Fee (Simple)
Distressed Info: None
Status Change Info
Off Market Date: 2024-04-02
Pending Date: 2024-04-13
Sold Date: 2024-04-29
Sold Price: $750,000
Sold Price/SqFt: 222.88
Lot Sz Sold Prc/SqFt: 66.26
How Sold: Cash
General Property Information
Dwelling Type: Triplex
Attached/Detached: Detached
Construction Status: Existing
Lot Dimensions: 160 x 74. 5 x 10' Easement
Lot Acres: 0.26
Lot Sqft: 11319
Lot Size Source: Assessor
Combined SqFt: 3365
Year Built: 1947
School District: TUSD
Elementary School: Blenman
Middle School: Doolen
High School: Catalina
Horse Property: No
Horse Facilities: No
List Price/SqFt: 222.88
Lot Size Price/SqFt: 66.26
Remarks Misc
Geo Lat: 32.244283
Geo Lon: -110.953359
Showing Information
Directions: East on Speedway, North on N Moutain Ave, left on East Lester St, Right on N Santa Rita Ave, right on easement to property.
Unit Info
# of Units/2 BR: 1
# of Units/Other: 2
Unit 1 Information
Monthly Rent: 2700
# Beds: 4
# Full Baths: 3
SqFt: 1306
Occupancy: Yes
Stories: Single
Floor: 1st
Furnished: No
Parking: On Property
Unit 2 Information
Monthly Rent: 1450
# Beds: 2
# Full Baths: 2
SqFt: 1030
Occupancy: Yes
Stories: Single
Floor: 1st
Furnished: No
Parking: On Property
Unit 3 Information
Monthly Rent: 2299
# Beds: 4
# Full Baths: 3
SqFt: 1029
Occupancy: Yes
Stories: Single
Furnished: No
Parking: On Property
Analysis
Cap Rate %: 9.87
Gross Rent Multi: 9.69
Exp/SqFt: 1
Exp % of Gross: 4.34
Income
Gross Scheduled Rent: 77388
Adjusted Gross: 77388
Total Expenses: 3360.06
Net Opp Income: 74027.94
Expenses
Taxes/Assessments: 3360.06
Figures Presented: Actual
Interior Features
Interior Steps: No
Electric
Electric Company: TEp
Utilities Paid
Cable TV: Tenant
Electric: Tenant
Gas: Tenant
Insurance: Owner
Landscaping: Owner
Sewer: Owner
Taxes: Owner
Trash: Owner
Water: Owner
Driveway
Paved: Gravel
RV Parking
Other: no
Subdivision Restrict
Age Restrictions: No
Deed Restrictions: No
CC&Rs: No
Home Protection
Offered: No
Property Features
Construction: Frame - Stucco
Style: Contemporary
Roof: Rolled
Living Areas: Living Room
Dining Areas: Eat-In Kitchen
Dining Room: Area
Breakfast: None
Kitchen Features: Breakfast Bar; Dishwasher; Refrigerator
Bathroom Features: 2 Primary Baths; Shower & Tub/Primary; Separate Shower(s)
Laundry: Laundry Closet
Extra Room: None
Floor Covering: Ceramic Tile; Concrete; Vinyl
Window Covering: Stay
Technology: Cable TV; High Speed Internet; Telephone
Main Cooling: Central Air
Main Heating: Forced Air
Water Heater: Electric
Gas: Natural
Sewer: Connected
Water: Public
Accessibility Option: None
Security: None
Pool: None
Spa: None
Fence: Wood
Landscape - Front: Low Care
Landscape - Rear: Low Care; None
View: None
Road Type: Gravel; Paved
Exterior Feature: None
Lot Features: North/South Exposure
Neighborhood Features: None
Assoc Amenities: None
Terms: Cash; Conventional; FHA Loan; VA Loan
Submit With Offer: Lender Pre-Approval
Property Disclosures: Leases
Special Conditions: None
Lead Paint Discl 
Listing Office: eXp Realty
Last Updated: September - 25 - 2026
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