$400,000
Rio Rico, AZ 85648
MLS# 22626516
2805 sqft
1 / 44
Property Description
Massive corner 13,460 sqft lot!! A rare opportunity, 1st time ever listed. Where countryside meets versatility/positive cash-flow living! 1993 Built, Triplex brick contruction features 3 spacious 2 bedroom/1 bath units, 935 sqft each including its own utility/washer/storage room *Expansive front covered patio stretches approx 60 ft! Each unit has its own wide-cement driveway for ample parking, can fit 4+cars *Newer roof (2019), NEW Kitchens! (2026) *NEW GRANITE *NEW 42' Shaker cabinets to ceiling w/ soft close, modern hardware *NEW Stainless-steel sink & faucet *NEW Pantry deep shelving *Refrigerators! *NEW bath cabinet w/ cultured marble countertop & NEW faucets *All tile *Back covered patio(s) welcome a block/wire fenced yard *Great curb appeal, mountain views, no front/side neighbors..
Details
Maps
Address Information
Street #: 448
Street Name: Paseo Flamenco
State/Province: AZ
Zip Code: 85648
County: Santa Cruz
Country: USA
Location Tax Legal
Tax Code: 124-02-078
Area: SCC-Rio Rico West
Subdivision: Rio Rico Villas 13
Contract Information
Current Price: $400,000
List Price: $400,000
Listing Date: 2026-10-31
Status: Active
Method of Title: Fee (Simple)
Distressed Info: None
General Property Information
Dwelling Type: Triplex
Attached/Detached: Attached
Construction Status: Existing
Lot Dimensions: 147.62 X 83.34 X 144.27 X 95.64
Lot Acres: 0.31
Lot Sqft: 13460
Lot Size Source: Other
Combined SqFt: 2805
Year Built: 1993
Total Parking: 12
School District: Santa Cruz Valley United School District #35
Elementary School: San Cayetano Elementary
Middle School: Coatimundi Middle School
High School: Rio Rico High School
Horse Property: No
Horse Facilities: No
List Price/SqFt: 142.6
Lot Size Price/SqFt: 29.72
Remarks Misc
Geo Lat: 31.487092
Geo Lon: -111.010342
Showing Information
Directions: Use GPS. Large corner lot on Paseo Flamenco and Calle Ganzo.
From W Frontage Rd, WEST on Paseo Chubasco, NORTH on Paseo Flamenco to property.
Unit Info
Avg Mo Rent/1 BR: 900
Avg Mo Rent/2 BR: 900
Avg Mo Rent/3 BR: 1100
Unit 1 Information
Monthly Rent: 900
# Beds: 2
# Full Baths: 1
SqFt: 935
Occupancy: No
Stories: Single
Floor: 1st
Furnished: No
Parking: On Property
Unit 2 Information
Monthly Rent: 900
# Beds: 2
# Full Baths: 1
SqFt: 935
Occupancy: No
Stories: Single
Floor: 1st
Furnished: No
Parking: On Property
Unit 3 Information
Monthly Rent: 1100
# Beds: 2
# Full Baths: 2
SqFt: 935
Occupancy: Yes
Stories: Single
Floor: 1st
Furnished: No
Parking: On Property
Analysis
Cap Rate %: -0.37
Gross Rent Multi: 222.22
Exp/SqFt: 1.17
Exp % of Gross: 182.61
Income
Gross Scheduled Rent: 1800
Adjusted Gross: 1800
Total Expenses: 3287
Net Opp Income: -1487
Expenses
Gas/Electric: 140
Insurance: 1000
Maintenance Supplies: 80
Taxes/Assessments: 1567
Water/Sewer: 500
Figures Presented: Proforma
Kitchen Features
Pantry: Closet
Appliance Color: Almond
Countertops: GRANITE
Oven: Range
Bathroom Features
Countertops/Primary: Marble
Window Covering
Other: blinds
Electric
Electric Company: SWGas
Utilities Paid
Cable TV: Tenant
Electric: Tenant
Gas: Tenant
Insurance: Owner
Sewer: Tenant
Taxes: Owner
Trash: Tenant
Water: Tenant
Driveway
Paved: Concrete
RV Parking
Other: landlord approval
Subdivision Restrict
Age Restrictions: No
Deed Restrictions: No
CC&Rs: No
Home Protection
Offered: No
Property Features
Construction: Brick
Style: Bungalow
Roof: Shingle
Living Areas: Great Room
Dining Areas: Eat-In Kitchen
Dining Room: Area
Breakfast: Area
Kitchen Features: Electric Range; Refrigerator
Bathroom Features: Shower & Tub/Hall
Laundry: Laundry Room
Extra Room: None
Interior Features: Ceiling Fan(s); Split Bedroom Plan; Walk-In Closet(s)
Floor Covering: Ceramic Tile
Window Covering: Stay
Technology: Cable TV; Telephone
Main Cooling: Ceiling Fan(s); Central Air
Main Heating: Electric
Water Heater: Electric
Gas: None
Sewer: Septic
Water: Public
Accessibility Option: None
Security: None
Pool: None
Spa: None
Fence: Block; Chain Link
Landscape - Front: Grass; Low Care; Natural Desert
Landscape - Rear: Low Care
View: Mountain(s)
Road Type: Paved
Driveway: To Property Line
Exterior Feature: None
Lot Features: Corner Lot
Neighborhood Features: None
Terms: Cash; Conventional; FHA Loan
Submit With Offer: Lender Pre-Approval; Loan Pre-Qualifiaction
Property Disclosures: Seller Prop Disclosure; Insurance Claims History Report
Special Conditions: Owner/Agent
Supplements
*Motion censored coach lights *Endless opportunities for future expansion on each side yard, new owner can easily extend side units: build another bedroom/bath combo and/or build courtyard with bbq's or carports. *Loyal tenants in place, lease ends Feb 1st then month-to-month. Currently pay $900 each. Owner/Agent. Wont last! Serious buyers/investors call to tour today!
Listing Office: Realty ONE Group
Last Updated: October - 31 - 2026
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