For more information regarding the value of a property, please contact us for a free consultation.
Key Details
Sold Price $2,950,000
Property Type Multi-Family
Sub Type 4 Plex
Listing Status Sold
Purchase Type For Sale
Square Footage 9,598 sqft
Price per Sqft $307
Subdivision Drakes Addition
MLS Listing ID 22410347
Sold Date 07/31/24
Style Modern
Bedrooms 32
Full Baths 12
Half Baths 4
HOA Y/N No
Year Built 2015
Annual Tax Amount $15,795
Tax Year 2023
Lot Size 0.430 Acres
Acres 0.43
Property Sub-Type 4 Plex
Property Description
Rare opportunity to purchase newer construction within 3 blocks of UofA around a 8.06% Cap rate (proforma)! Seller Financing Available @6% for up to 5 years OAC with 30% downpayment. This newer building integrates metal roofing with block and stucco finishes for a really neat modern look that the students love. 4-plex, with 8bds/3.5bths per unit. Large units with huge common areas, all tile throughout, hardwood cabinets, corian counters, and ample appliances. Floorplan designed by afor students. Huge Picture windows in front frame nice mountain and city views. Large enclosed common area with Turf. Parking lot w 14 parking spots, 4 on street parking spots available, basketball hoops. This property is zoned for group homes and could be ideal for a variety of non-student housing needs.
Location
State AZ
County Pima
Area Central
Zoning Tucson - R3
Rooms
Other Rooms None
Dining Room Dining in LR/GR
Kitchen Breakfast Bar, Dishwasher, Double Sink, Electric Range, Garbage Disposal, Refrigerator
Interior
Interior Features Ceiling Fan(s), Dual Pane Windows, Fire Sprinklers, Furnished, Smoke Detector, Vaulted Ceilings
Hot Water Electric
Heating Zoned
Cooling Zoned
Flooring Ceramic Tile
Fireplace No
Laundry Dryer Included, Laundry Room, Washer Included
Exterior
Exterior Feature BBQ, Courtyard
Fence Block, Wrought Iron
Pool None
Community Features Sidewalks, Street Lights
View Mountain(s)
Roof Type Metal
Accessibility Door Levers, Roll-In Shower, Wide Doorways
Road Frontage Paved
Building
Lot Description Adjacent to Alley, Corner Lot, North/South Exposure
Sewer Connected
Water City Water
Schools
Elementary Schools Cragin
Middle Schools Mansfeld
High Schools Tucson
School District Tusd
Others
Senior Community No
Acceptable Financing Cash, Conventional
Horse Property No
Listing Terms Cash, Conventional
Special Listing Condition None
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Copyright 2025 MLS of Southern Arizona
Bought with Pinnacle Realty and Investment Advisors LLC