4007 N Stone Avenue, Tucson, AZ 85705 (MLS# 22112506)

4007 N Stone Avenue, Tucson, AZ 85705

$1,350,000
Property Type: Commercial Square Footage: 7,447 Lot Size (sq. ft.): 39 Status: Closed
Current Price: $1,350,000 List Date: 5/14/2021 Last Modified: 6/11/2025

Description

Bali Hai Townhomes is a nine unit property comprised of four duplexes and one SFR all on separate tax codes. Well laid out on .82 acres with perimeter fencing and night lighting. There is a dedicated city park area which serves as a buffer zone between the complex and Stone Ave. Each unit includes: Central AC/heat, fenced yards, covered patios, two dedicated parking spaces and a washer and dryer in the unit. Several of the tenants are month to month long term paying below market rents, rents can easily be raised. Unit mix is One 3/2 SFR, two 2/2 townhomes and six 2/1 townhomes. Owner managed complex, meticulously maintained with no deferred maintenance built 2006-2013. Seller will finance with 30% down. Additional information under the document tab. Drive by only do not disturb the tenants

More Information MLS# 22112506

Address Information

Country: USA Street #: 4007 Direction: N Street Name: Stone Suffix: Avenue State/Province: AZ Zip Code: 85705 County: Pima

Location, Tax & Legal

Tax Year: 2020 Taxes: 6183 Assessments: 0 Taxes For: Building & Land Legal Description: multiple, provided in escrow Municipality/Zoning: Tucson - R2 Fire Protection: Included in Taxes FEMA Flood Zone: No Municipal Flood Zone: No Tax Code: 105-12-058B Area: Central

Contract Information

Short Sale: No Current Price: $1,350,000 Sold Price: $1,350,000 Listing Date: 2021-05-14 Status: Closed

Status Change Info

Off Market Date: 2021-06-14 Sold Price/SqFt: 181.28 Lot Sz Sold Prc/SqFt: 37.8 Financing: Exchange Pending Date: 2021-08-04 Sold Date: 2021-08-17 Sold Price: $1,350,000

Showing Information

Directions: Limberlost and Stone, south half way through the curve. the property is on the right.

General Property Information

Property Sub-Type: Apartment # Units: 9 Lot Dimensions: irregular Lot Acres: 0.82 Total Parking: 20 Lot Sqft: 35719 Multi-Tenant: Yes Lot Size Source: Assessor Source of SqFt: Other List Price/SqFt: 187.86 Lot Size Price/SqFt: 39.17 Year Built: 2006 Combined SqFt: 7447

Income

Vacancy Loss: 1850 Other Income: 5340 Adjusted Gross: 96430 Gross Scheduled Rent: 92940 Net Opp Income: 79990

Analysis

Gross Rent Multi: 14 Vacancy Rate %: 1.99 Cap Rate %: 5.71

Construction

Frame - Stucco: 1

Expenses

Figures Presented: Actual

Unit Information

Apartment: Low Rise

Apartment Unit Information

# of Units/2 BR: 8 # of Units/3 BR: 1

Roof

Built-Up: 1 Metal: 1 Shingle: 1

Main Cooling

Central Air: 1

Main Heating

Heat Pump: 1

Water Heater

Electric: 1

Terms

Cash: 1 Conventional: 1 Exchange: 1 Owner Carry: 1

Sold Info

Seller Concessions: 0

Remarks Misc

Geo Lat: 32.280226 Geo Lon: -110.972803

Property Features

Construction: Frame - Stucco Roof: Built-Up; Metal; Shingle Main Cooling: Central Air Main Heating: Heat Pump Water Heater: Electric Terms: Cash; Conventional; Exchange; Owner Carry
Listing Office: Better Homes & Gardens Real Estate - SJ Fowler
Last Updated: June - 11 - 2025
4007 N Stone Avenue, Tucson, AZ 85705- MLS# 22112506
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