EMS Realty

Lisa A.Suarez, Designated Broker


$570,000
41 E Speedway Boulevard
Tucson, AZ 85705
MLS# 22209300
Status: Closed
3000 sqft


41 E Speedway Boulevard, Tucson, AZ 85705
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Property Description
Please do not disturb tenants. This charming Bungalow house in the Historic Feldman Neighborhood offers a great opportunity for an owner occupy or investor. The property is conveniently located near the University of Arizona, Pima Community College, 4th Avenue, and downtown. The recently renovated De Anza Park, which now includes a new dog playground, is located across the street. The property is also zoned for commercial use providing countless more possibilities, for example a buyer could have a business facing Speedway while renting the other three units. The property consists of two building structures with different mailing addresses; a triplex that is facing Speedway and a two-bedroom unit on 7th Avenue. The property has seen many upgrades over the past several years ranging

Details
Maps
Documents
Address Information
Street #: 41
Direction: E
Street Name: Speedway
Suffix: Boulevard
State/Province: AZ
Zip Code: 85705
County: Pima
Country: USA
Location Tax Legal
Tax Code: 115-08-1020
Area: Central
Subdivision: Highland Park Addition
Contract Information
Current Price: $570,000
Sold Price: $570,000
Listing Date: 2022-04-13
Status: Closed
Method of Title: Fee (Simple)
Distressed Info: None
Status Change Info
Off Market Date: 2022-04-14
Pending Date: 2022-04-26
Sold Date: 2022-05-09
Sold Price: $570,000
Sold Price/SqFt: 190
Lot Sz Sold Prc/SqFt: 71.12
How Sold: Cash
General Property Information
Dwelling Type: Quadruplex
Attached/Detached: Detached
Construction Status: Existing
Lot Dimensions: Irregular
Lot Acres: 0.18
Lot Sqft: 8015
Lot Size Source: Assessor
Combined SqFt: 3000
Year Built: 1932
Total Parking: 5
School District: TUSD
Elementary School: Cragin
Middle School: Doolen
High School: Tucson
Horse Property: No
Horse Facilities: No
List Price/SqFt: 198.33
Lot Size Price/SqFt: 74.24
Remarks Misc
Geo Lat: 32.23622
Geo Lon: -110.970502
Showing Information
Directions: From Speedway/Stone, East to 7th Ave, North to address on Northwest corner of Speedway/7th Ave.
Unit Info
# of Units/1 BR: 2
Avg Mo Rent/1 BR: 725
# of Units/2 BR: 2
Avg Mo Rent/2 BR: 950
Unit 1 Information
Monthly Rent: 550
# Beds: 1
# Full Baths: 1
SqFt: 825
Occupancy: Yes
Stories: Single
Floor: 1st
Furnished: No
Parking: On Street
Unit 2 Information
Monthly Rent: 950
# Beds: 2
# Full Baths: 1
SqFt: 900
Occupancy: Yes
Stories: Split
Floor: 1st
Furnished: No
Parking: On Property
Unit 3 Information
Monthly Rent: 900
# Beds: 1
# Full Baths: 1
SqFt: 500
Occupancy: Yes
Stories: Single
Floor: 1st
Furnished: No
Parking: On Property
Unit 4 Information
Monthly Rent: 950
# Beds: 2
# Full Baths: 1
SqFt: 625
Occupancy: Yes
Stories: Single
Floor: 1st
Furnished: No
Parking: On Property
Analysis
Cap Rate %: 5.22
Gross Rent Multi: 14.18
Exp/SqFt: 3.48
Exp % of Gross: 25.96
Income
Gross Scheduled Rent: 40200
Adjusted Gross: 40200
Total Expenses: 10437.64
Net Opp Income: 29762.36
Expenses
Contract Services: 1665
Gas/Electric: 1877.59
Insurance: 659.48
Maintenance Supplies: 1151.43
Taxes/Assessments: 3114.29
Water/Sewer: 1692.87
Other Expenses: 276.98
Figures Presented: Actual
Electric
Electric Company: TEP
Utilities Paid
Cable TV: Tenant
Electric: Tenant
Gas: Owner
Insurance: Owner
Sewer: Owner
Taxes: Owner
Trash: Owner
Water: Owner
RV Parking
Other: N/A
Subdivision Restrict
Age Restrictions: No
Deed Restrictions: Yes
CC&Rs: Yes
Submit With Offer
Digital Signatures: Yes
Home Protection
Offered: No
Property Features
Construction: Frame - Stucco; Masonry Stucco; Stucco Finish
Style: Bungalow
Roof: Shingle
Living Areas: Living Room; Off Kitchen
Dining Areas: Breakfast Nook
Dining Room: Area
Breakfast: Area
Kitchen Features: Gas Range
Bathroom Features: None
Laundry: Outside
Extra Room: None
Interior Features: Ceiling Fan(s)
Floor Covering: Carpet; Ceramic Tile; Wood
Window Covering: Some
Technology: Cable TV; High Speed Internet
Main Cooling: Central Air; Evaporative Cooling; Wall Unit(s)
Main Heating: Forced Air
Water Heater: Electric
Gas: Natural
Sewer: Connected
Water: Public
Accessibility Option: None
Security: None
Pool: None
Spa: None
Fence: Chain Link; Shared Fence; Wood
Landscape - Front: Low Care
Landscape - Rear: Low Care
View: None
Road Type: Paved
Driveway: None
Exterior Feature: None
Lot Features: Corner Lot
Neighborhood Features: None
Terms: Cash; Conventional; Submit
Submit With Offer: Lender Pre-Approval; Loan Pre-Qualifiaction; Proof of Funds
Property Disclosures: Unknown
Special Conditions: None
Supplements
This charming Bungalow house in the Historic Feldman Neighborhood offers a great opportunity for an owner occupy or investor. The property is conveniently located near the University of Arizona, Pima Community College, 4th Avenue, and downtown. The recently renovated De Anza Park, which now includes a new dog playground, is located across the street. The property is also zoned for commercial use providing countless more possibilities, for example a buyer could have a business facing Speedway while renting the other three units. The property consists of two building structures with different mailing addresses; a triplex that is facing Speedway and a two-bedroom unit on 7th Avenue. The property has seen many upgrades over the past several years ranging from roof extensions to the replacement of the property fencing, the installation of new laundry services, and a new A/C unit. The owner has also tried their best to not alter the building's historic character when possible, such as restoring the original hardwood flooring in one of the units and getting a lock customized so as to not have to replace the original steel glass door. Take advantage of this great investment opportunity in a great location as all four units are fully occupied by tenants, or live/work in one unit while renting the other units out. Rents currently below market value with room to improve! Actual CAP rate is 5.6%. Estimated Proforma CAP Rate is 7.8% when adjusting rents to estimated current market value. Please Do Not Disturb the Tenants. Tenants in place and NO showings without accepted contract. Buyer to verify all facts and figures. Owner is licensed real estate salesperson in the State of Arizona. Owner is related to listing agent.

Listing Office: Hot Casa Real Estate

Last Updated: January - 21 - 2026

41 E Speedway Boulevard, Tucson, AZ 85705 - MLS# 22209300
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