Seller Financing
Address
716 N PALO VERDE Boulevard, Tucson, AZ
Price
$ 1,200,000
Property Attributes
- MLS#6680919
- TypeMulti-Family
- CountyPIMA
- CityTucson
- NeighborhoodCONQUISTADOR HEIGHTS
- Zip85716
- StyleMultiple Dwellings
- Year Built1949
- Taxes$ 4120
- Price$ 1,200,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
Data Source:
Arizona Regional MLS (ARMLSN)
Property Description
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. Can only be purchased with seller financing. See details in the offering memorandum attached under documents tab
| Price History | |
|---|---|
| 3/22/2024 | Listed $1,200,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Heating | Natural Gas |
| Cooling | Central A/C |
| Roof | Built-Up |
| Zoning | R2 |
| Construction Materials | Painted,Stucco,Block |
| Year Built | 1949 |
| Electric | City Electric |
| Tenant Pays | See Remarks |
| Township | 14 |
| Tax Year | 2023 |
| Percent Ownership | Fee Simple |
| Gross Income | 89258.4 |
| OwnerPays | See Remarks |
| Community Features | See Remarks |
| County | Pima |
| Net Operating Income | 71964.0 |
| Operating Expense | 14895.0 |
| Insurance Expense | 2350.0 |
| Property Type | Multiple Dwellings |
| Attached Garage | No |
| MaintenanceExpense | 2500.0 |
| Subdivision Name | CONQUISTADOR HEIGHTS |
| Garage Y/N | No |
| Status | Active |
| Directions | Alvernon & 3rd St,west to Palo Verde,south to property |
| City | Tucson |
| Buyer Agent Compensation | 2.00 |
| Disclosures | Other (See Remarks) |
| View Y/N | No |
| High School District | Tucson Unified District |
| Open Parking Spaces | 0.0 |
| Total Units | 6 |
| Lot Size Square Feet | 0.0 |
| Carport Y/N | No |
| Street Name | PALO VERDE |
| Tax Annual Amount | 4120.0 |
| Electric Expense | 300.0 |
| Fuel Expense | 300.0 |
| Water Sewer Expense | 5325.0 |
| Lease Renewal Y/N | No |
| Additional Parcels Y/N | Yes |
| Lease Considered Y/N | No |
| Rent Control Y/N | No |
| Days on Market | 45 |
| Standard Status | Active |
| Occupancy Description | Tenant |
| Elementary School District | Tucson Unified District |
| Tax Lot | 00001 |
| Cap Rate | 6.0 |
| MobileHomeRemainsYN | No |
| Buyer Agent Compensation Type | % |
| Ownership | Fee Simple |
| Senior Community | No |
Interior Features
| Flooring | Ceramic Tile,Vinyl |
|---|---|
| Air Conditioning Y/N | Yes |
| Heating Y/N | Yes |
| Street Suffix | Boulevard |
| Electric On Property Y/N | No |
Exterior Features
| Parking Features | >1 Space Per Unit |
|---|---|
| Water Source | City Franchise |
| Total Parking | 12.0 |
| Lot Size Area | 0.0 |
| Number of Buildings | 3 |
| Spa | No |
| Lot Dimensions | Irregular |
| Lot Size Acres | 0.0 |
| Road Surface Type | Asphalt |
| Covered Spaces | 12.0 |
| Crops Included Y/N | No |
| Open Parking Y/N | No |
| Irrigation Water Rights Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Multi-Family Average in 85716
Price
Taxes
Visits
Year Built
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