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716 N Palo Verde Boulevard

Tucson, AZ 85716
  • $1,200,000
  • STATUS: Active
  • ID#: 22406639
$1,200,000
  • 0
    BEDS
  • 0.44
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,824
    SQFT
  • $249
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1949
County:
Area:

School Ratings & Info

Courtesy of Better Homes & Gardens Real Estate-SJ Fowler.

Description

Seller will consider cash and conventional financing at list price or seller financing at below list price. Mid Town Casitas is located in the heart of Miramonte steps to the 3rd St bike path comprised of six luxury apartments on two residential parcels. Three duplex buildings and a laundry/storage building surrounding a large courtyard with lush desert landscaping. The property has been completely remodeled to reflect old Tucson architecture with old world and modern interior finishes. All units are large 1/1 floor plans with lots of windows, front and rear entry/ext doors, plank & beam ceilings, AC/Gas heating, gas appliances, hard surface flooring, private outdoor spaces, off street parking and free laundry facilities. This property attracts quality tenants with low turn over.

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MLS of Southern Arizona (Tucson Association of Realtors) logo Listing information Copyright 2024 MLS of Southern Arizona. All Rights Reserved. Data last updated: 2024-04-19T10:52:35.277.
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 Engel & Völkers Tucson are identified with the MLSSAZ IDX Logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate.
www.tucsonselecthomes.com/homes/148620867
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716 N Palo Verde Boulevard Tucson, AZ 85716

  • Price: $1,200,000
  • Status: Active
  • On Site: Days
  • ID#: 22406639
0
Beds
0
Baths
0
½ Baths
0.44
Acres
4,824
SQFT
$249
$/SQFT
1949
Built
Neighborhood:
Central
County:
Pima
Area:
Central
Property Description
Seller will consider cash and conventional financing at list price or seller financing at below list price. Mid Town Casitas is located in the heart of Miramonte steps to the 3rd St bike path comprised of six luxury apartments on two residential parcels. Three duplex buildings and a laundry/storage building surrounding a large courtyard with lush desert landscaping. The property has been completely remodeled to reflect old Tucson architecture with old world and modern interior finishes. All units are large 1/1 floor plans with lots of windows, front and rear entry/ext doors, plank & beam ceilings, AC/Gas heating, gas appliances, hard surface flooring, private outdoor spaces, off street parking and free laundry facilities. This property attracts quality tenants with low turn over.
Exterior Features

Construction Concrete Block Landscape Front Desert Plantings Landscape Rear Desert Plantings Road Type Paved Roof Built-Up

Interior Features

Main Cooling Central Air Main Heating Gas Pac Water Heater Natural Gas

Property Features

Analysis Cap Rate Percent 6.00 Analysis Exp Sqft 3.03 Analysis Gross Rent Multi 13.18 Analysis Vacancy Rate Percent 2.00 Assessments 0.00 Country USA Expenses Admin Expenses 0.00 Expenses Captial Expenses 0.00 Expenses Contract Services 0.00 Expenses Figures Presented Actual Expenses Gas Electric 300.00 Expenses Insurance 2350.00 Expenses Maintenance Supplies 2500.00 Expenses Management 0.00 Expenses Other Expenses 0.00 Expenses Resident Manager 0.00 Expenses Taxes Assessments 4120.00 Expenses Water Sewer 5325.00 Fema Flood Zone No Fire Protection Included in Taxes Gas Natural Income Adjusted Gross 89259.00 Income Gross Scheduled Rent 91080.00 Income Net Opp Income 71964.00 Income Total Expenses 14595.00 Income Vacancy Loss 1821.00 Lot Dimensions Irregular Lot Sqft 19166.00 Multi Tenant Yes Municipal Flood Zone No Municipality Zoning Tucson - R2 Property Disclosures Seller Prop Disclosure Property Sub Type Apartment Sewer Connected Short Sale No Source Of Sqft Assessor Special Conditions None Tax Year 2023 Taxes 4120.00 Terms Owner Carry Total Parking 12 Water City

Listing provided by Better Homes & Gardens Real Estate-SJ Fowler: (480) 649-3536. Listing information © 2024 MLS of Southern Arizona.


MLS of Southern Arizona (Tucson Association of Realtors) logo Listing information Copyright 2024 MLS of Southern Arizona. All Rights Reserved. Data last updated: 2024-04-19T10:52:35.277.
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 Engel & Völkers Tucson are identified with the MLSSAZ IDX Logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate.
 
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Engel & Völkers Tucson
2905 E Skyline Drive
Tuscon AZ, 85718
Courtesy of Better Homes & Gardens Real Estate-SJ Fowler.