Tucson, AZ 85712
$1,350,000
Property Type:
Commercial
Square Footage:
8,822
Lot Size (sq. ft.):
2,755
Status:
Active
Current Price:
$1,350,000
List Date:
9/19/2025
Last Modified:
9/19/2025
Description
Unique opportunity for investors seeking a centrally located multifamily asset with strong rent increase potential. The 14 unit property consists of (4) 2Bdrm/1 Bath and (10) 1Bdrm / 1 Bath. All units have private fenced back yard for privacy. Location ensure continued leasing demand and long-term investment stability. Central area that offers needed amenities such as public transportation, shopping, close to hospitals and local restaurants. Many of the units have been upgraded and window A/Cs have been added. This complex could be a potential 9% CAP.
More Information MLS# 22524408
Address Information
Country: USA
State/Province: AZ
Zip Code: 85712
County: Pima
Location, Tax & Legal
Tax Year: 2024
Taxes: 6266.67
Taxes For: Building & Land
Legal Description: SPEEDWAY LOT 4 EXC E25' & S72.5' BLK 8 & BLK 5
Development Name: TumbleWeed Apartments
Municipality/Zoning: Tucson - R2
Fire Protection: Included in Taxes
FEMA Flood Zone: No
Municipal Flood Zone: No
Tax Code: 122-12-1250
Area: Central
Contract Information
Method of Title: Fee (Simple)
Short Sale: No
Current Price: $1,350,000
List Price: $1,350,000
Listing Date: 2025-09-19
Status: Active
Showing Information
Directions: Speedway / Swan go N on Swan to Belvue and turn west (left) to Roberts Way, turn right. Apartments start on the left and includes 1220 N Venice the next street to west.
General Property Information
Property Sub-Type: Apartment
Construction Status: Existing
# Units: 14
Lot Dimensions: rectangle irregular
Lot Acres: 1.12
Total Parking: 21
Lot Sqft: 489.91
Multi-Tenant: Yes
Lot Size Source: Assessor
Source of SqFt: Assessor
Leasable SqFt: 8862
List Price/SqFt: 153.03
Lot Size Price/SqFt: 2755.61
Year Built: 1953
Combined SqFt: 8822
Electric
Electric Company: TEP
Income
Adjusted Gross: 147312
Gross Scheduled Rent: 158400
Net Opp Income: 147312
Gas
Natural: 1
Analysis
Vacancy Rate %: 10
Construction
Slump Block: 1
Expenses
Management: 14073
Taxes/Assessments: 6266
Other Expenses: 27181
Sewer
Connected: 1
Unit Information
Apartment: Low Rise
Apartment Unit Information
# of Units/1 BR: 10
# of Units/2 BR: 4
Roof
Built-Up - Reflect: 1
Water
Water Company: City of Tucson
Property Features
Smoke Detector: 1
Fence
Stucco Finish: 1
Wrought Iron: 1
Space Information
Ceiling Height: 8ft
Road Type
Paved: 1
Lot Features
Adjacent to Alley: 1
East/West Exposure: 1
Main Cooling
Ceiling Fan(s): 1
Main Heating
Natural Gas: 1
Wall Furnace: 1
Water Heater
Natural Gas: 1
Terms
Cash: 1
Conventional: 1
Submit: 1
Submit With Offer
Lender Pre-Approval: 1
Proof of Funds: 1
Seller Title Company: Pioneer Title
Accessibility Option
None: 1
Security
None: 1
Landscape - Front
Low Care: 1
Shrubs: 1
Trees: 1
Landscape - Rear
Low Care: 1
Parking
Private Parking: 1
Freeway/Highway
Over 5.1 Miles: 1
Restrictions
Deed: 1
Property Disclosures
Lead Based Paint: 1
Special Conditions
None: 1
Property Features
Property Features: Smoke Detector
Construction: Slump Block
Roof: Built-Up - Reflect
Main Cooling: Ceiling Fan(s)
Main Heating: Natural Gas; Wall Furnace
Water Heater: Natural Gas
Gas: Natural
Sewer: Connected
Accessibility Option: None
Security: None
Fence: Stucco Finish; Wrought Iron
Landscape - Front: Low Care; Shrubs; Trees
Landscape - Rear: Low Care
Road Type: Paved
Parking: Private Parking
Lot Features: Adjacent to Alley; East/West Exposure
Terms: Cash; Conventional; Submit
Submit With Offer: Lender Pre-Approval; Proof of Funds
Property Disclosures: Lead Based Paint
Special Conditions: None
Restrictions: Deed
Documents
Lead Paint Discl ›Listing Office: S A Moore Realty Services, LLC
Last Updated: September - 19 - 2025
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