$380,000
Tucson, AZ 85712
MLS# 22023695
Status: Closed
3399 sqft
1 / 27
Property Description
Do NOT disturb tenants! Well maintained 4plex in central Tucson with rents WAY BELOW market rate. One giant 2bed/1ba, a totally remodeled 1bed/1ba, plus two additional 2bed/1bath units. Long term tenants are month-to-month. Each unit has their own A/C, W/D and private yard. All utilities are tenant paid except water. Potential for extra income from large storage shed. Amazing condition, but seller is unable to make any additional repairs so it's being sold in AS-IS condition. Current income is VERY LOW because of vacancy from remodel and rents have not been raised in many years. Listed income is actual but please see attached investor profile sheet for projected potential income details. ---Virtual 360 photos can be seen here: https://poly.google.com/view/8Ual22TNmnh
Details
Maps
Documents
Address Information
Street #: 1867
Direction: N
Street Name: Belvedere
Suffix: Avenue
State/Province: AZ
Zip Code: 85712
County: Pima
Country: USA
Location Tax Legal
Tax Code: 122-07-026B
Area: Central
Subdivision: Paloma
Contract Information
Current Price: $380,000
Sold Price: $380,000
Listing Date: 2020-09-22
Status: Closed
Method of Title: Fee (Simple)
Distressed Info: None
Status Change Info
Off Market Date: 2020-09-23
Pending Date: 2020-11-16
Sold Date: 2020-11-23
Sold Price: $380,000
Sold Price/SqFt: 111.8
Lot Sz Sold Prc/SqFt: 20.77
How Sold: Conventional
General Property Information
Dwelling Type: Quadruplex
Attached/Detached: Attached
Construction Status: Existing
Lot Dimensions: Irregular
Lot Acres: 0.42
Lot Sqft: 18300
Lot Size Source: Appraiser
Combined SqFt: 3399
Year Built: 1950
Total Parking: 8
School District: TUSD
Elementary School: Wright
Middle School: Doolen
High School: Catalina
Horse Property: No
Horse Facilities: No
List Price/SqFt: 111.77
Lot Size Price/SqFt: 20.76
Remarks Misc
Geo Lat: 32.245004
Geo Lon: -110.897325
Showing Information
Directions: From Pima/Columbus: east to Belvedere, then go north to address
Unit Info
# of Units/1 BR: 1
# of Units/2 BR: 3
Unit 1 Information
Monthly Rent: 695
# Beds: 2
# Full Baths: 1
SqFt: 780
Occupancy: Yes
Stories: Single
Floor: 1st
Furnished: No
Parking: On Property
Unit 2 Information
Monthly Rent: 695
# Beds: 2
# Full Baths: 1
SqFt: 780
Occupancy: Yes
Stories: Single
Floor: 1st
Furnished: No
Parking: On Property
Unit 3 Information
Monthly Rent: 700
# Beds: 2
# Full Baths: 1
SqFt: 1232
Occupancy: Yes
Stories: Single
Floor: 1st
Furnished: No
Parking: On Property
Unit 4 Information
# Beds: 1
# Full Baths: 1
SqFt: 607
Occupancy: No
Stories: Single
Floor: 1st
Furnished: No
Parking: On Property
Analysis
Cap Rate %: -1.69
Gross Rent Multi: 181.82
Exp/SqFt: 2.51
Exp % of Gross: 407.8
Income
Gross Scheduled Rent: 2090
Adjusted Gross: 2090
Total Expenses: 8523
Net Opp Income: -6433
Expenses
Capital Expenses: 1000
Contract Services: 960
Insurance: 916
Maintenance Supplies: 120
Taxes/Assessments: 2671
Water/Sewer: 2856
Figures Presented: Proforma
Electric
Electric Company: TEP
Utilities Paid
Cable TV: Tenant
Electric: Tenant
Gas: Tenant
Insurance: Owner
Landscaping: Owner
Sewer: Owner
Taxes: Owner
Trash: Tenant
Water: Owner
Driveway
Paved: Gravel
RV Parking
Other: None
Subdivision Restrict
Age Restrictions: No
Deed Restrictions: Yes
CC&Rs: Yes
Home Protection
Offered: No
Property Features
Construction: Brick; Frame - Stucco
Style: Contemporary
Roof: Built-Up
Living Areas: Off Kitchen
Dining Areas: Dining in LR/GR
Dining Room: None
Breakfast: None
Kitchen Features: Refrigerator
Bathroom Features: None
Laundry: Dryer Included; Washer Included
Extra Room: None
Interior Features: Smoke Detector
Floor Covering: Ceramic Tile; Concrete; Mexican Tile
Window Covering: Some
Technology: Cable TV
Main Cooling: Central Air; Evaporative Cooling; Wall Unit(s)
Main Heating: Baseboard; Electric; Forced Air; Natural Gas
Water Heater: Natural Gas
Gas: Natural
Sewer: Connected
Water: Public
Accessibility Option: None
Security: None
Pool: None
Spa: None
Fence: Wood
Landscape - Front: Low Care; Trees
Landscape - Rear: None
View: None
Road Type: Paved
Driveway: Car(s) Pad
Exterior Feature: None
Lot Features: Corner Lot
Neighborhood Features: None
Assoc Amenities: None
Terms: Cash; Conventional
Submit With Offer: Income Property Addendum; Proof of Funds
Property Disclosures: Lead Based Paint; Seller Prop Disclosure
Special Conditions: None
Investor Info Sheet 
Listing Office: Tierra Antigua Realty
Last Updated: March - 13 - 2026
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