228 E 32Nd Street, Tucson, AZ 85713
$1,200,000
Property Type:
Commercial
Square Footage:
5,132
Lot Size (sq. ft.):
116
Status:
Closed
Current Price:
$1,200,000
List Date:
5/09/2024
Last Modified:
12/25/2024
Description
This asset presents a lucrative investment opportunity. Built between 1934 and 1958, Borden's Court features 19 studios, 8 one-bedroom/one-bathroom units, as well as 2 two-bedroom/one- bathroom units. The value-add opportunity for prospective investors is significant. Capital improvements just completed over the last 90 days along with rent increases according to Section 8 standards have this property primed for sale. For access to financials and pertinent docs, reach out to agent.
More Information MLS# 22411605
Address Information
Country: USA
Street #: 228
Direction: E
Street Name: 32Nd
Suffix: Street
State/Province: AZ
Zip Code: 85713
County: Pima
Location, Tax & Legal
Tax Year: 2023
Taxes: 1926.73
Assessments: 0
Legal Description: HOME NO 2 LOTS 4 & 5 BLK 11
Municipality/Zoning: South Tucson - SR2
Fire Protection: Included in Taxes
FEMA Flood Zone: No
Tax Code: 118-25-155A
Area: South
Contract Information
Short Sale: No
Current Price: $1,200,000
Sold Price: $1,200,000
Listing Date: 2024-05-09
Status: Closed
Status Change Info
Off Market Date: 2024-06-09
Sold Price/SqFt: 233.83
Lot Sz Sold Prc/SqFt: 90.32
Financing: Cash
Pending Date: 2024-06-24
Sold Date: 2024-06-24
Sold Price: $1,200,000
General Property Information
Property Sub-Type: Apartment
Construction Status: Existing
# Units: 29
Lot Dimensions: 92'x148'x94'x148'
Lot Acres: 0.31
Lot Sqft: 13286
Lot Size Source: Assessor
Source of SqFt: Assessor
List Price/SqFt: 302.03
Lot Size Price/SqFt: 116.66
Year Built: 1943
Combined SqFt: 5132
Unit Information
Apartment: Low Rise
Apartment Unit Information
# of Units/Studios: 19
# of Units/1 BR: 8
# of Units/2 BR: 2
Terms
Cash: 1
Sold Info
Seller Concessions: 0
Remarks Misc
Geo Lat: 32.196268
Geo Lon: -110.966036
Property Features
Terms: Cash
Documents
Offering Memorandum ›Listing Office: Pinnacle Realty and Investment Advisors LLC
Last Updated: December - 25 - 2024
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