$235,000
Tucson, AZ 85714
MLS# 22619450
1293 sqft
1 / 23
Property Description
GREAT OPPORTUNITY to acquire this immediate cash flow property - This property is being sold AS IS - Income producing duplex previously generating $2,200/month ($26,400/annually) in gross rental income. 6.98% CAP rate & 10.4 GRM. One unit currently occupied, the other unit was recently refreshed with new carpet in the bedrooms. Featuring two units: 1 bedroom, 1 bath ($1,000/month) and a 2 bedroom, 1 bath (previously rented for $1,200/month). Property includes washer and dryer hookups. Area known for strong rental market and increasing rent prices!
Details
Maps
Address Information
Street #: 231
Direction: W
Street Name: Illinois
Suffix: Street
State/Province: AZ
Zip Code: 85714
County: Pima
Country: USA
Location Tax Legal
Tax Code: 120-08-1980
Area: South
Subdivision: National City NO. 4
Contract Information
Current Price: $235,000
List Price: $235,000
Listing Date: 2026-08-10
Status: Active
Method of Title: Fee (Simple)
Distressed Info: None
General Property Information
Dwelling Type: Duplex
Attached/Detached: Attached
Construction Status: Existing
Lot Dimensions: 126x60
Lot Acres: 0.17
Lot Sqft: 7492
Lot Size Source: Assessor
Combined SqFt: 1293
Year Built: 1946
Total Parking: 2
School District: TUSD
Elementary School: Hollinger
Middle School: Utterback-Magnet
High School: Pueblo
Horse Property: No
Horse Facilities: No
List Price/SqFt: 181.75
Lot Size Price/SqFt: 31.37
Remarks Misc
Geo Lat: 32.168414
Geo Lon: -110.972778
Showing Information
Directions: Head east on W Ajo Way towards S 6th Ave, turn right onto S 6th Ave, turn right onto W Illinois St, turn left onto S 7th St, turn right onto W Illinois St
Unit Info
# of Units/1 BR: 1
# of Units/2 BR: 1
Unit 1 Information
Monthly Rent: 1200
# Beds: 2
# Full Baths: 1
SqFt: 776
Occupancy: Yes
Stories: Single
Floor: 1st
Furnished: No
Parking: On Property
Unit 2 Information
Monthly Rent: 1000
# Beds: 1
# Full Baths: 1
SqFt: 517
Occupancy: Yes
Stories: Single
Floor: 1st
Furnished: No
Parking: On Property
Analysis
Cap Rate %: 9.44
Gross Rent Multi: 9.37
Vacancy Rate %: 5
Exp/SqFt: 2.24
Exp % of Gross: 11.56
Income
Gross Scheduled Rent: 26400
Vacancy Loss: 1320
Adjusted Gross: 25080
Total Expenses: 2898.85
Net Opp Income: 22181.15
Expenses
Insurance: 2136
Taxes/Assessments: 762.85
Figures Presented: Proforma
Kitchen Features
Oven: 2
Laundry
Other: Hookups on 2 bed
Interior Features
Interior Steps: No
Main Cooling
Other: mini split system
Electric
Electric Company: TEP
Utilities Paid
Cable TV: Tenant
Electric: Tenant
Gas: Tenant
Insurance: Owner
Landscaping: Tenant
Sewer: Tenant
Taxes: Tenant
Trash: Tenant
Water: Tenant
Driveway
Paved: Gravel
Subdivision Restrict
Age Restrictions: No
Deed Restrictions: Yes
CC&Rs: No
Home Protection
Offered: No
Property Features
Construction: Masonry Stucco
Style: Bungalow
Roof: Shingle
Living Areas: Family Room
Dining Areas: Breakfast Nook; Eat-In Kitchen
Dining Room: Area
Breakfast: Area
Kitchen Features: Gas Range; Disposal
Bathroom Features: None
Extra Room: None
Floor Covering: Ceramic Tile
Window Covering: None
Technology: Cable TV; High Speed Internet
Main Cooling: Central Air
Main Heating: Heat Pump
Water Heater: Natural Gas
Gas: Natural
Sewer: Connected
Water: Public
Accessibility Option: None
Security: None
Pool: None
Spa: None
Fence: Chain Link
Landscape - Front: Decorative Gravel
Landscape - Rear: Decorative Gravel
View: None
Road Type: Paved
RV Parking: Space Available
Exterior Feature: None
Lot Features: North/South Exposure
Neighborhood Features: Paved Street
Terms: Cash; Conventional
Submit With Offer: Loan Pre-Qualifiaction; Proof of Funds
Property Disclosures: Lead Based Paint; Seller Prop Disclosure
Special Conditions: None
Listing Office: Indie Realty, LLC
Last Updated: October - 02 - 2026
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