705 E University Boulevard, Tucson, AZ 85719
$1,000,000
Property Type:
Multi-Family
Square Footage:
5,535
Lot Size (sq. ft.):
78
Status:
Closed
Current Price:
$1,000,000
List Date:
10/17/2024
Last Modified:
11/11/2024
Description
LOCATION, LOCATION, LOCATION!!! This historic 4 plex in the heart of Buells Addition a stone's throw from the University of Arizona campus. Each unit has high ceilings wood floors, 2 bedroom and 1 bath units, with charming kitchens and bathrooms. Plenty of room for parking.
More Information MLS# 22425726
Address Information
Country: USA
Street #: 705
Direction: E
Street Name: University
Suffix: Boulevard
State/Province: AZ
Zip Code: 85719
County: Pima
Location, Tax & Legal
Comparable Only Listing: No
Tax Year: 2023
Taxes: 3567.82
Assessments: 0
Taxes For: Dwelling & Land
Legal Description: Buells Lots 1 & 2 Blk 3
Township: 14
Community: None
Range: 14
Section: 7
Municipality/Zoning: Tucson - HR3
Fire Protection: Included in Taxes
FEMA Flood Zone: No
Municipal Flood Zone: No
Tax Code: 124-05-1016
Area: Central
Subdivision: Buells Addition, Blks 13, 14, 15 Resub.
Contract Information
Method of Title: Fee (Simple)
Distressed Info: None
Current Price: $1,000,000
Sold Price: $1,000,000
Listing Date: 2024-10-17
Status: Closed
Status Change Info
Off Market Date: 2024-10-25
Sold Price/SqFt: 180.67
Lot Sz Sold Prc/SqFt: 65.59
How Sold: Cash
Pending Date: 2024-11-07
Sold Date: 2024-11-08
Sold Price: $1,000,000
Showing Information
Directions: Euclid & University, West on University to address on the North Side of University
General Property Information
Dwelling Type: Quadruplex
Attached/Detached: Attached
Construction Status: Existing
Lot Dimensions: 101X152X104X152
Lot Acres: 0.35
Total Parking: 10
Lot Sqft: 15246
Lot Size Source: Assessor
Horse Property: No
School District: TUSD
Elementary School: Roskruge
Middle School: Roskruge Bilingual Magnet
High School: Tucson
Horse Facilities: No
List Price/SqFt: 216.8
Lot Size Price/SqFt: 78.71
Combined SqFt: 5535
Year Built: 1916
Unit Info
# of Units/2 BR: 4
Avg Mo Rent/2 BR: 1161.25
Electric
Electric Company: TEP
Unit 1 Information
Monthly Rent: 1220
# Beds: 2
# Full Baths: 1
SqFt: 1200
Occupancy: Yes
Stories: Single
Floor: 1st
Furnished: No
Parking: On Property
Income
Vacancy Loss: 0
Other Income: 0
Adjusted Gross: 55620
Total Expenses: 14749.4
Gross Scheduled Rent: 55620
Net Opp Income: 40870.6
Gas
Natural: 1
Unit 2 Information
Monthly Rent: 1220
# Beds: 2
# Full Baths: 1
SqFt: 1200
Occupancy: Yes
Stories: Single
Floor: 1st
Furnished: No
Parking: On Property
Analysis
Gross Rent Multi: 17.98
Vacancy Rate %: 0
Exp/SqFt: 2.66
Exp % of Gross: 26.52
Cap Rate %: 4.09
Construction
Concrete Block: 1
Unit 3 Information
Monthly Rent: 1195
# Beds: 2
# Full Baths: 1
SqFt: 1200
Occupancy: Yes
Stories: Single
Floor: 2nd
Furnished: No
Parking: On Property
Expenses
Admin Expenses: 0
Capital Expenses: 0
Contract Services: 0
Figures Presented: Proforma
Gas/Electric: 0
Insurance: 4551.58
Maintenance Supplies: 0
Management: 5562
Resident Manager: 0
Taxes/Assessments: 3567.82
Water/Sewer: 1068
Other Expenses: 0
Style
Territorial: 1
Sewer
Connected: 1
Unit 4 Information
Monthly Rent: 1010
# Beds: 2
# Full Baths: 1
SqFt: 1200
Occupancy: Yes
Stories: Single
Floor: 2nd
Furnished: No
Parking: On Property
Roof
Rolled: 1
Water
Water Company: City
Living Areas
Living Room: 1
Dining Areas
Dining in LR/GR: 1
Fence
Wrought Iron: 1
Dining Room
None: 1
View
Mountain(s): 1
Breakfast
Area: 1
Road Type
Paved: 1
Kitchen Features
Pantry: Cabinet
Appliance Color: White
Oven: Gas Stove
Road Maintenance
City: 1
Lot Features
Adjacent to Alley: 1
Corner Lot: 1
North/South Exposure: 1
Main Cooling
Central Air: 1
Window Unit(s): 1
Laundry
None: 1
Neighborhood Features
Green Valley Rec: No
Main Heating
Electric: 1
Wall Furnace: 1
Extra Room
None: 1
Water Heater
Natural Gas: 1
Association & Fees
HOA: No
Interior Features
Interior Steps: Yes
Smoke Detector: 1
Vaulted Ceiling(s): 1
Bathroom Features
Shower & Tub/Primary: 1
Terms
Cash: 1
Conventional: 1
Submit: 1
Floor Covering
Ceramic Tile: 1
Wood: 1
Submit With Offer
Digital Signatures: Yes
Earnest Check: 1
Lender Pre-Approval: 1
Loan Pre-Qualifiaction: 1
Loan Status: 1
Proof of Funds: 1
Seller Title Company: Fidelity National
Window Covering
Some: 1
Accessibility Option
None: 1
Technology
Telephone: 1
Security
None: 1
Sold Info
Down Payment: 100000
Est. Closing Date: 2024-11-08
Seller Concessions: 0
Landscape - Front
None: 1
Landscape - Rear
None: 1
Patio/Deck
Screened: 1
Utilities Paid
Cable TV: Tenant
Electric: Tenant
Gas: Tenant
Insurance: Owner
Landscaping: Owner
Sewer: Owner
Taxes: Owner
Trash: Owner
Water: Tenant
Pool
None: 1
Property Disclosures
Deed Restrictions: 1
Insurance Claims History Report: 1
Lead Based Paint: 1
Seller Prop Disclosure: 1
Spa
None: 1
Special Conditions
None: 1
Driveway
To Property Line: 1
RV Parking
Other: None
Exterior Feature
None: 1
Subdivision Restrict
Age Restrictions: No
CC&Rs: Yes
Deed Restrictions: Yes
Home Protection
Offered: No
Remarks Misc
Geo Lat: 32.231994
Geo Lon: -110.960732
Property Features
Construction: Concrete Block
Style: Territorial
Roof: Rolled
Living Areas: Living Room
Dining Areas: Dining in LR/GR
Dining Room: None
Breakfast: Area
Bathroom Features: Shower & Tub/Primary
Laundry: None
Extra Room: None
Interior Features: Smoke Detector; Vaulted Ceiling(s)
Floor Covering: Ceramic Tile; Wood
Window Covering: Some
Technology: Telephone
Main Cooling: Central Air; Window Unit(s)
Main Heating: Electric; Wall Furnace
Water Heater: Natural Gas
Gas: Natural
Sewer: Connected
Accessibility Option: None
Security: None
Pool: None
Spa: None
Fence: Wrought Iron
Landscape - Front: None
Landscape - Rear: None
View: Mountain(s)
Road Type: Paved
Driveway: To Property Line
Exterior Feature: None
Lot Features: Adjacent to Alley; Corner Lot; North/South Exposure
Terms: Cash; Conventional; Submit
Submit With Offer: Earnest Check; Lender Pre-Approval; Loan Pre-Qualifiaction; Loan Status; Proof of Funds
Property Disclosures: Deed Restrictions; Lead Based Paint; Seller Prop Disclosure; Insurance Claims History Report
Special Conditions: None
Documents
Lead Paint Discl ›Listing Office: Tucson's Choice Property Management & Real Estate Group LLC
Last Updated: November - 11 - 2024
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