69 W Simpson Street, Tucson, AZ 85701
$1,200,000
Property Type:
Multi-Family
Square Footage:
8,525
Lot Size (sq. ft.):
76
Status:
Closed
Current Price:
$1,200,000
List Date:
8/02/2019
Last Modified:
12/12/2024
Description
Las Cuatras Esquinas has been in the same family for over 40 years. This is the first time that it is on the market. An 1886 map shows buildings at all four corners of South Convent and West Simpson — a grocery, a store, a dwelling and one vacant structure. Just two years later, three of the four corners housed stores or groceries. Horse and buggy is what delivered the groceries! Legend has it that gold is buried in the basement of the market. There have been many attempts to find it to no avail. This is now one of the rare, large properties of the Barrio. 10 units are used as rentals and 2 are used for storage. The development possibilities are interesting or would make a fabulous Family Compound!
More Information MLS# 21920385
Address Information
Country: USA
Street #: 69
Direction: W
Street Name: Simpson
Suffix: Street
State/Province: AZ
Zip Code: 85701
County: Pima
Location, Tax & Legal
Tax Year: 2018
Taxes: 6859
Assessments: 0
Taxes For: Dwelling & Land
Legal Description: TUCSON LOT 5 BLK 233
Township: 14
Community: None
Range: 13
Section: 13
Municipality/Zoning: Tucson - HO3
Fire Protection: Included in Taxes
FEMA Flood Zone: No
Municipal Flood Zone: No
Tax Code: 117-14-114A
Area: Central
Subdivision: Tucson
Contract Information
Method of Title: Fee (Simple)
Distressed Info: None
Current Price: $1,200,000
Sold Price: $1,200,000
Listing Date: 2019-08-02
Status: Closed
Status Change Info
Off Market Date: 2019-09-07
Sold Price/SqFt: 140.76
Lot Sz Sold Prc/SqFt: 71.96
How Sold: Cash Owner Carryback
Pending Date: 2019-10-22
Sold Date: 2019-10-31
Sold Price: $1,200,000
Showing Information
Directions: South on Convent from Cushing Street to the address.
General Property Information
Dwelling Type: Quadruplex
Attached/Detached: Detached
Construction Status: Existing
Lot Dimensions: 110.22 X 159 X 100.32 X 109.72
Lot Acres: 0.38
Total Parking: 0
Lot Sqft: 16675
Lot Size Source: Assessor
Horse Property: No
School District: TUSD
Elementary School: Carrillo
Middle School: Drachman
High School: Tucson
Horse Facilities: No
List Price/SqFt: 150.15
Lot Size Price/SqFt: 76.76
Combined SqFt: 8525
Year Built: 1888
Electric
Electric Company: TEP
Unit 1 Information
Monthly Rent: 575
# Beds: 1
# Full Baths: 1
SqFt: 600
Occupancy: Yes
Stories: Single
Floor: 1st
Furnished: No
Parking: On Street
Income
Vacancy Loss: 0
Other Income: 0
Adjusted Gross: 66300
Total Expenses: 12500
Gross Scheduled Rent: 66300
Net Opp Income: 53800
Gas
Natural: 1
Unit 2 Information
Monthly Rent: 600
# Beds: 1
# Full Baths: 1
SqFt: 650
Occupancy: Yes
Stories: Single
Floor: 1st
Furnished: No
Parking: On Street
Analysis
Gross Rent Multi: 18.1
Vacancy Rate %: 0
Exp/SqFt: 1.47
Exp % of Gross: 18.85
Cap Rate %: 4.48
Construction
Mud Adobe: 1
Wood Frame: 1
Expenses
Admin Expenses: 0
Capital Expenses: 0
Contract Services: 0
Figures Presented: Proforma
Gas/Electric: 0
Insurance: 0
Maintenance Supplies: 0
Management: 0
Resident Manager: 0
Taxes/Assessments: 0
Water/Sewer: 0
Other Expenses: 12500
Style
Spanish: 1
Sewer
Connected: 1
Roof
Built-Up - Reflect: 1
Metal: 1
Water
Public: 1
Living Areas
Great Room: 1
Dining Areas
Eat-In Kitchen: 1
Fence
Wood: 1
Dining Room
None: 1
View
City: 1
Mountain(s): 1
Residential: 1
Breakfast
Eat-In: 1
Road Type
Paved: 1
Kitchen Features
Gas Range: 1
Refrigerator: 1
Road Maintenance
City: 1
Lot Features
Corner Lot: 1
Main Cooling
Central Air: 1
Evaporative Cooling: 1
Laundry
Outside: 1
Neighborhood Features
Historic: 1
Main Heating
Forced Air: 1
Natural Gas: 1
Extra Room
None: 1
Water Heater
Natural Gas: 1
Association & Fees
HOA: No
Interior Features
Ceiling Fan(s): 1
Vaulted Ceiling(s): 1
Bathroom Features
Shower Only/Primary: 1
Terms
Cash: 1
Owner Carry: 1
Floor Covering
Ceramic Tile: 1
Concrete: 1
Wood: 1
Submit With Offer
Proof of Funds: 1
Window Covering
None: 1
Accessibility Option
None: 1
Technology
Cable TV: 1
High Speed Internet: 1
Security
None: 1
Sold Info
Seller Concessions: 0
Landscape - Front
None: 1
Landscape - Rear
Desert Plantings: 1
Patio/Deck
Patio: 1
Utilities Paid
Cable TV: Tenant
Electric: Tenant
Gas: Tenant
Insurance: Owner
Sewer: Owner
Taxes: Owner
Trash: Owner
Water: Owner
Pool
None: 1
Property Disclosures
Lead Based Paint: 1
Seller Prop Disclosure: 1
Spa
None: 1
Special Conditions
None: 1
Driveway
None: 1
RV Parking
Other: none
Exterior Feature
Courtyard: 1
Subdivision Restrict
Age Restrictions: No
CC&Rs: No
Deed Restrictions: Yes
Home Protection
Offered: No
Remarks Misc
Geo Lat: 32.216177
Geo Lon: -110.9715
Property Features
Construction: Mud Adobe; Wood Frame
Style: Spanish
Roof: Built-Up - Reflect; Metal
Living Areas: Great Room
Dining Areas: Eat-In Kitchen
Dining Room: None
Breakfast: Eat-In
Kitchen Features: Gas Range; Refrigerator
Bathroom Features: Shower Only/Primary
Laundry: Outside
Extra Room: None
Interior Features: Ceiling Fan(s); Vaulted Ceiling(s)
Floor Covering: Ceramic Tile; Concrete; Wood
Window Covering: None
Technology: Cable TV; High Speed Internet
Main Cooling: Central Air; Evaporative Cooling
Main Heating: Forced Air; Natural Gas
Water Heater: Natural Gas
Gas: Natural
Sewer: Connected
Water: Public
Accessibility Option: None
Security: None
Pool: None
Spa: None
Fence: Wood
Landscape - Front: None
Landscape - Rear: Desert Plantings
View: Residential; Mountain(s)
Road Type: Paved
Driveway: None
Exterior Feature: Courtyard
Lot Features: Corner Lot
Neighborhood Features: Historic
Terms: Cash; Owner Carry
Submit With Offer: Proof of Funds
Property Disclosures: Lead Based Paint; Seller Prop Disclosure
Special Conditions: None
Documents
Seller Disclosure ›Listing Office: Beth Jones Realty, LLC
Last Updated: December - 12 - 2024
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