$2,200,000
Tucson, AZ 85705
MLS# 22516498
12469 sqft
1 / 36
Property Description
12 unit garden style apartment complex. Original building constructed in 1956 and apartments added in 1977-78. Complex has natural desert landscaping and central pool area. Units have been remodelled with wood look ceramic tile floors, tile shower/tubs, wood cabinets, LED lighting. The lot is fully walled in and secure. Each unit has own private yard and laundry room as well as shared spaces. Property has operated as a vacation business since 2017 grossing $400k per year in revenue and is being sold fully furnished. Seller financing is available contact agent. Agent is member of LLC.
Details
Maps
Documents
Address Information
Street #: 580
Direction: E
Street Name: Calle Arizona
State/Province: AZ
Zip Code: 85705
County: Pima
Country: USA
Location Tax Legal
Tax Code: 105-13-1040
Area: Central
Contract Information
Current Price: $2,200,000
List Price: $2,200,000
Listing Date: 2025-06-18
Status: Active
Method of Title: Fee (Simple)
Short Sale: No
Showing Information
Directions: North on 1st Ave past Roger to Calle Arizona. West on Calle Arizona to property. Property is gated.
General Property Information
Property Sub-Type: Apartment
Construction Status: Existing
# Units: 15
Total Parking: 23
Multi-Tenant: Yes
Year Built: 1956
Lot Dimensions: Irregular
Lot Acres: 0.97
Lot Sqft: 42253
Lot Size Source: Assessor
Combined SqFt: 12469
Source of SqFt: Floor Plan
List Price/SqFt: 176.44
Lot Size Price/SqFt: 52.07
Remarks Misc
Geo Lat: 32.280994
Geo Lon: -110.962911
Income
Gross Scheduled Rent: 392733
Expenses
Contract Services: 29548
Figures Presented: Actual
Gas/Electric: 18969
Insurance: 7738
Maintenance Supplies: 8162
Taxes/Assessments: 16337
Water/Sewer: 5685
Other Expenses: 27189
Unit Information
Apartment: Low Rise
Apartment Unit Information
Avg Mo Rent/1 BR: 1905
# of Units/2 BR: 12
Avg Mo Rent/2 BR: 2262
Electric
Electric Company: TEP
Property Features
Property Features: Furnished; Smoke Detector
Construction: Frame - Stucco
Roof: Built-Up - Reflect
Main Cooling: Ceiling Fan(s); Central Air; Heat Pump
Main Heating: Heat Pump
Water Heater: Electric; Natural Gas
Gas: Natural
Sewer: Connected
Water: Public
Accessibility Option: None
Security: Closed Circuit Camera(s)
Window Features: Double Pane Windows; Low-Emissivity Windows
Green Features: Bath Exhaust Out; Energy Star Appliance; Only Native Plants; Tankless Water Heater
Fence: Block; Chain Link; Wood
Landscape - Front: Desert Plantings; Low Care
Landscape - Rear: Desert Plantings; Low Care
Road Type: Paved
Parking: Paved Parking; Private Parking
Lot Features: East/West Exposure; North/South Exposure
Traffic Count: Unknown
Terms: Cash; Owner Carry; Submit
Possession: Negotiable
Submit With Offer: Proof of Funds
Property Disclosures: Lead Based Paint
Special Conditions: None
Restrictions: Deed
Lead Paint Discl 
Listing Office: Canyon Group Realty LLC
Last Updated: July - 14 - 2025
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