UPDATED:
11/20/2024 01:23 AM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision S31 T13S R14E
MLS Listing ID 6761478
Originating Board Arizona Regional Multiple Listing Service (ARMLS)
Year Built 1953
Annual Tax Amount $1,636
Tax Year 2014
Lot Dimensions 0.27 Acre
Property Description
This fully-occupied, cash-flowing 4-plex sits on over a quarter acre, making it a smart addition to any investor's portfolio. Each of the four units offers a 1-bedroom, 1-bathroom layout with its own outdoor storage closet and individual backyard space, ensuring tenant satisfaction and easy maintenance. The property is separately metered for electricity, while water is building-metered, providing a clear and manageable utility setup.
Located minutes from the University of Arizona and within walking distance of shopping, dining, and entertainment, this property is situated in a highly desirable rental market that ensures low vacancy rates and fast tenant turnover. All units feature energy-efficient Mini Split AC/Heater systems, and the roof was recoated in 2020, reducing future capital expenses.
This multifamily investment provides strong rental income with room for growth, making it an ideal opportunity for both seasoned and new real estate investors looking to maximize returns.
Location
State AZ
County Pima
Community S31 T13S R14E
Zoning Mixed Complex
Direction 1st Ave. & E. Blacklidge Dr. Take Blacklidge West to Euclid. South on Euclid to home on the East side.
Interior
Heating Electric
Cooling Other, Electric
Flooring Ceramic Tile, Vinyl
Appliance None
Exterior
Garage >1 Space Per Unit
Community Features No Pool
Waterfront No
Roof Type See Remarks
Total Parking Spaces 8
Building
Sewer Public Sewer
Water City Franchise
New Construction Yes
Schools
School District Amphitheater Unified District
Others
Senior Community No
Tax ID 113-08-030
Acceptable Financing Conventional
Listing Terms Conventional
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