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
Documents
Market Brochure ›Listing Office: Better Homes & Gardens Real Estate - SJ Fowler
Last Updated: June - 11 - 2025
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