$750,000
Tucson, AZ 85705
MLS# 21926606
Status: Closed
8392 sqft
1 / 44
Property Description
9 unit complex - two 3-bedroom units, six 2-bedroom units, and one fully remodeled 3-bedroom 1920 sq ft single family home w/ large yard! This property has been owner-managed for decades and treated with love, with consistent service to the mechanics and structure of the property. This is a turn key investment, FULLY occupied, well kept, 1 acre, 9 unit apartment complex. Its central location, lovely private yards and the convenience of off-street parking, paved walkways, natural desert landscaping, central heat/AC and an overall sense of privacy means you don't have a high turnover rate; tenants call this home! New gas lines 2018, upgraded electric, and laundry hook-ups for each unit.
Details
Maps
Address Information
Street #: 313
Direction: E
Street Name: Roger
Suffix: Road
State/Province: AZ
Zip Code: 85705
County: Pima
Country: USA
Location Tax Legal
Tax Code: 105-13-0280
Area: Central
Contract Information
Current Price: $750,000
Sold Price: $750,000
Listing Date: 2019-10-13
Status: Closed
Method of Title: Fee (Simple)
Short Sale: No
Status Change Info
Off Market Date: 2020-03-13
Pending Date: 2020-03-19
Sold Date: 2020-07-20
Sold Price: $750,000
Sold Price/SqFt: 89.37
Lot Sz Sold Prc/SqFt: 17.22
Financing: Conventional
General Property Information
Property Sub-Type: Apartment
Construction Status: Existing
# Units: 9
Total Parking: 19
Multi-Tenant: Yes
Year Built: 1961
Lot Dimensions: 93.34' x 466.7'
Lot Acres: 1
Lot Sqft: 43562
Lot Size Source: Assessor
Combined SqFt: 8392
Source of SqFt: Assessor
Leasable SqFt: 8403
List Price/SqFt: 93.54
Lot Size Price/SqFt: 18.02
Remarks Misc
Geo Lat: 32.279949
Geo Lon: -110.966663
Showing Information
Directions: From I-10 Prince Road exit: East on Prince Rd, North on Stone Ave, East on Roger Rd.
Income
Gross Scheduled Rent: 89100
Vacancy Loss: 4455
Net Opp Income: 56384
Analysis
Cap Rate %: 7.03
Gross Rent Multi: 9
Vacancy Rate %: 5
Expenses
Captial Expenses: 12000
Figures Presented: Proforma
Insurance: 4426
Taxes/Assessments: 5835
Water/Sewer: 6000
Unit Information
Apartment: Low Rise
Apartment Unit Information
# of Units/2 BR: 6
Avg Mo Rent/2 BR: 750
# of Units/3 BR: 3
Avg Mo Rent/3 BR: 1025
Space Information
Ceiling Height: 10ft
Electric
Electric Company: TEP
Water
Water Company: Tucson Water
Parking
# Covered Parking: 2
Other: Gravel/Chip/Seal
Property Features
Property Features: Smoke Detector; Storage
Construction: Burnt Adobe
Roof: Built-Up - Reflect; Metal
Fenced Storage: No
Main Cooling: Ceiling Fan(s); Central Air; Gas
Main Heating: Forced Air; Gas Pac; Natural Gas
Water Heater: Natural Gas
Gas: Natural
Sewer: Connected
Accessibility Option: None
Security: Security Lights
Green Features: Adobe
Fence: Block
Landscape - Front: Desert Plantings; Flower Beds; Low Care; Natural Desert
Landscape - Rear: Desert Plantings; Flower Beds; Low Care; Natural Desert
Road Type: Chip/Seal; Paved
Parking: Free
Lot Features: North/South Exposure
Traffic Count: Not Available
Terms: Cash; Conventional
Possession: Recording
Submit With Offer: Digital Signature Accepted; Earnest Check; Income Property Addendum; Loan Pre-Qualifiaction; Loan Status; Proof of Funds
Property Disclosures: Lead Based Paint; Leases; Seller Prop Disclosure
Special Conditions: None
Listing Office: Habitation Realty ERA Powered
Last Updated: March - 13 - 2026
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