$1,595,000
Tucson, AZ 85741
MLS# 22627347
5504 sqft
1 / 28
Property Description
PRIME MULTIFAMILY DEVELOPMENT OPPORTUNITY! Unlock the potential of this exceptional vacant land parcel at 3979 W McGee Road! Offering an exciting opportunity to develop four brand-new duplexes totaling eight residential units, this property is ideal for builders, developers, and investors looking to expand their portfolios. A complete set of architectural plans is included in the sale, providing a valuable head start on your next investment project. Capitalize on the opportunity to create a modern multifamily community with long-term rental income potential. Bring your vision to life and take advantage of this exciting development opportunity!
Details
Maps
Address Information
Street #: 3979
Direction: W
Street Name: Magee
Suffix: Road
State/Province: AZ
Zip Code: 85741
County: Pima
Country: USA
Location Tax Legal
Tax Code: 22537708A
Area: Northwest
Contract Information
Current Price: $1,595,000
List Price: $1,595,000
Listing Date: 2026-11-11
Status: Active
Method of Title: Fee (Simple)
Short Sale: No
General Property Information
Property Sub-Type: Apartment
Construction Status: New Construction
# Units: 8
Total Parking: 14
Multi-Tenant: Yes
Year Built: 2027
Lot Dimensions: See Assessors Records
Lot Acres: 1.15
Lot Sqft: 50254
Lot Size Source: Assessor
Combined SqFt: 5504
Source of SqFt: Builder
List Price/SqFt: 289.79
Lot Size Price/SqFt: 31.74
Remarks Misc
Geo Lat: 32.351384
Geo Lon: -111.050338
Showing Information
Directions: See Map
Income
Gross Scheduled Rent: 66048
Vacancy Loss: 3302.4
Total Expenses: 4675
Net Opp Income: 62745
Analysis
Vacancy Rate %: 5
Exp/SqFt: 0.85
Expenses
Contract Services: 150
Figures Presented: Proforma
Insurance: 3600
Maintenance Supplies: 50
Taxes/Assessments: 875
Unit Information
Apartment: Low Rise
Apartment Unit Information
# of Units/1 BR: 2
Avg Mo Rent/1 BR: 1100
# of Units/2 BR: 6
Avg Mo Rent/2 BR: 1250
Property Features
A.D.A. Compliant: Yes
Electric
Electric Company: TEP
Water
Water Company: Tucson Water
Property Features
Property Features: Smoke Detector
Construction: Frame - Stucco
Roof: Built-Up - Reflect
Fenced Storage: Yes
Main Cooling: Central Air
Main Heating: Electric; Heat Pump
Water Heater: Natural Gas
Gas: Natural
Sewer: Connected
Water: Public
Window Features: Double Pane Windows
Fence: Block
Landscape - Front: Low Care; Natural Desert
Landscape - Rear: Low Care; Natural Desert
Road Type: Paved
Parking: Paved Parking; Private Parking
Lot Features: North/South Exposure
Terms: Cash; Conventional; Exchange; Seller Concessions; Submit
Submit With Offer: Loan Pre-Qualifiaction; Proof of Funds
Property Disclosures: None
Listing Office: Realty Executives Arizona Territory
Last Updated: November - 11 - 2026
The data relating to real estate listings on this website comes in part from the Internet Data Exchange (IDX) program of Multiple Listing Service of Southern Arizona. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listings provided by brokerages other than the listing brokerage here are identified with the MLSSAZ IDX Logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate. Listing information Copyright 2026 MLS of Southern Arizona. All Rights Reserved.