3601 E 4th Street, Tucson, AZ 85716
$5,900,000
Property Type:
Commercial
Square Footage:
28,485
Lot Size (sq. ft.):
80
Status:
Closed
Current Price:
$5,900,000
List Date:
9/23/2025
Last Modified:
9/25/2025
Description
One of a kind multi family rental opportunity. Just a short bike ride from the University and minutes from many commercial amenities this 27 unit property offers free standing units, walled rear yards, desert tolerant plantings, no landlord water bill, all electric and water units-paid by tenants. 2 off street parking spaces per unit, laundry hooks in each unit.
More Information MLS# 22524610
Address Information
Country: USA
Street #: 3601
Direction: E
Street Name: 4th
Suffix: Street
State/Province: AZ
Zip Code: 85716
County: Pima
Location, Tax & Legal
Tax Year: 2024
Taxes: 15548.27
Legal Description: From Parcel:125112180 /Speedway View S209' Lot 12 Blk 7 (11147/808 & 809)
Municipality/Zoning: Tucson - R2
Fire Protection: Included in Taxes
FEMA Flood Zone: No
Municipal Flood Zone: TBD
Tax Code: 125-11-218A
Area: Central
Contract Information
Method of Title: Fee (Simple)
Short Sale: No
Current Price: $5,900,000
Sold Price: $5,900,000
Listing Date: 2025-09-22
Status: Closed
Status Change Info
Off Market Date: 2025-09-23
Sold Price/SqFt: 207.13
Lot Sz Sold Prc/SqFt: 74.18
Financing: Cash Owner Carryback
Pending Date: 2025-09-22
Sold Date: 2025-09-25
Sold Price: $5,900,000
Showing Information
Directions: From country club and 5th, east to Richey, north to address
General Property Information
Property Sub-Type: Other
Construction Status: Existing
# Units: 27
Lot Dimensions: Irregular
Lot Acres: 1.83
Total Parking: 54
Lot Sqft: 79540
Multi-Tenant: Yes
Lot Size Source: Assessor
Source of SqFt: Assessor
List Price/SqFt: 224.68
Lot Size Price/SqFt: 80.46
Year Built: 2001
Combined SqFt: 28485
Electric
Electric Company: tep
Income
Vacancy Loss: 6500
Gross Scheduled Rent: 490877
Net Opp Income: 415477
Gas
None: 1
Analysis
Vacancy Rate %: 1.32
Construction
Frame - Stucco: 1
Expenses
Captial Expenses: 5000
Contract Services: 1500
Figures Presented: Proforma
Gas/Electric: 1500
Insurance: 17500
Maintenance Supplies: 1000
Taxes/Assessments: 37000
Water/Sewer: 400
Other Expenses: 5000
Sewer
Connected: 1
Unit Information
Apartment: Low Rise
Apartment Unit Information
# of Units/2 BR: 27
Avg Mo Rent/2 BR: 1585
Roof
Built-Up - Reflect: 1
Water
Public: 1
Property Features
Interior Steps: 1
Smoke Detector: 1
Fence
Block: 1
Shared Fence: 1
Road Type
Paved: 1
Lot Features
Corner Lot: 1
North/South Exposure: 1
Subdivided: 1
Main Cooling
Ceiling Fan(s): 1
Heat Pump: 1
Main Heating
Electric: 1
Water Heater
Electric: 1
Terms
Cash: 1
Conventional: 1
Exchange: 1
Submit With Offer
Proof of Funds: 1
Seller Title Company: Fidelity National
Written Lender Approval: 1
Window Features
Double Pane Windows: 1
Sold Info
Est. Closing Date: 2025-09-25
Seller Concessions: 0
Landscape - Front
Desert Plantings: 1
Low Care: 1
Trees: 1
Landscape - Rear
Desert Plantings: 1
Low Care: 1
Trees: 1
Parking
# Covered Parking: 27
Paved Parking: 1
Other: 27 uncovered
Freeway/Highway
2.1 - 5 Mile: 1
Property Disclosures
Seller Prop Disclosure: 1
Special Conditions
None: 1
Remarks Misc
Geo Lat: 32.23093
Geo Lon: -110.915869
Property Features
Property Features: Interior Steps; Smoke Detector
Construction: Frame - Stucco
Roof: Built-Up - Reflect
Main Cooling: Ceiling Fan(s); Heat Pump
Main Heating: Electric
Water Heater: Electric
Gas: None
Sewer: Connected
Water: Public
Window Features: Double Pane Windows
Fence: Block; Shared Fence
Landscape - Front: Desert Plantings; Low Care; Trees
Landscape - Rear: Desert Plantings; Low Care; Trees
Road Type: Paved
Parking: Paved Parking
Lot Features: Corner Lot; North/South Exposure; Subdivided
Terms: Cash; Conventional; Exchange
Submit With Offer: Proof of Funds; Written Lender Approval
Property Disclosures: Seller Prop Disclosure
Special Conditions: None
Listing Office: Long Realty
Last Updated: September - 25 - 2025
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