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1221 N Belvedere Avenue

Tucson, AZ 85712
  • $825,000
  • STATUS: Active
  • ID#: 22424075
New
$825,000
  • 9
    BEDS
  • 0.41
    ACRES
  • 5
    BATHS
  • 0
    1/2 BATHS
  • 3,362
    SQFT
  • $245
    $/SQFT
Neighborhood:
Speedway Addition
Type:
Multi-Family
Built:
1948
County:
Pima
Area:
Central

School Information

Elementary School:
Wright
Middle School:
Doolen
High School:
Catalina
School District:
TUSD
School Ratings & Info
Courtesy of Tierra Antigua Realty.

Description

Welcome to an exceptional investment opportunity to generate high income in the heart of central Tucson. Enjoy the prime location, minutes to the University of Arizona, downtown and I-10. Very rare 4plex consisting of three 2bedroom 1 bath units and one large 3bedroom two bath unit! Live in one unit and rent out the other three. Or, rent all four units. Currently, one unit has a long term tenant rented at under market rent. The other 3 units are furnished and rented as Arbnb/VRBO producing high income. Furnished units can be ideal for Traveling Nurses, or long term corporate housing. The three 2bed/1bath units are fully furnished and turn key! Start generating income immediately with the current professionaly managed worry free business.

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MLS of Southern Arizona (Tucson Association of Realtors) logo Listing information Copyright 2024 MLS of Southern Arizona. All Rights Reserved. Data last updated: 2024-10-05T00:13:26.667.
The data relating to real estate listings on this website comes in part from the Internet Data Exchange (IDX) program of Multiple Listing Service of Southern Arizona. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listings provided by brokerages other than Tucson Property Executives are identified with the MLSSAZ IDX Logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate.
www.tucsonproperty.com/homes/156092581
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1221 N Belvedere Avenue Tucson, AZ 85712

  • Price: $825,000
  • Status: Active
  • On Site: Days
  • ID#: 22424075
9
Beds
5
Baths
0
½ Baths
0.41
Acres
3,362
SQFT
$245
$/SQFT
1948
Built
Neighborhood:
Speedway Addition
County:
Pima
Area:
Central
Elementary School:
Wright
Middle School:
Doolen
High School:
Catalina
School District:
TUSD
Property Description
Welcome to an exceptional investment opportunity to generate high income in the heart of central Tucson. Enjoy the prime location, minutes to the University of Arizona, downtown and I-10. Very rare 4plex consisting of three 2bedroom 1 bath units and one large 3bedroom two bath unit! Live in one unit and rent out the other three. Or, rent all four units. Currently, one unit has a long term tenant rented at under market rent. The other 3 units are furnished and rented as Arbnb/VRBO producing high income. Furnished units can be ideal for Traveling Nurses, or long term corporate housing. The three 2bed/1bath units are fully furnished and turn key! Start generating income immediately with the current professionaly managed worry free business.
Exterior Features

Construction Slump Block Driveway Paved Asphalt Exterior Feature BBQ Fence Chain LinkWood Landscape Front Low Care Landscape Rear Low Care Patio Deck CoveredPatio Pool None Road Type Paved Roof Built-Up Spa None Unit1 Information Parking On Property Unit2 Information Parking On Property Unit3 Information Parking On Property Unit4 Information Parking On Property View None

Interior Features

Bathroom Features Shower & Tub/Hall Breakfast None Dining Areas Dining in LR/GR Dining Room None Driveway CircularTo Property Line Extra Room None Floor Covering CarpetVinyl Interior Features Exposed BeamsFurnishedSmoke DetectorVaulted Ceilings Kitchen Features DishwasherDouble SinkGas RangeRefrigerator Laundry Dryer IncludedLaundry RoomWasher Included Living Areas Great Room Main Cooling Central Air Main Heating Heat Pump Technology High Speed Internet Unit1 Information Furnished No Unit1 Information Number Half Baths 0 Unit1 Information Sqft 912 Unit2 Information Furnished Yes Unit2 Information Number Half Baths 0 Unit2 Information Sqft 816 Unit3 Information Furnished Yes Unit3 Information Sqft 816 Unit4 Information Furnished Yes Unit4 Information Sqft 816 Water Heater Natural Gas

Property Features

Accessibility Option None Analysis Cap Rate Percent 4.36 Analysis Exp Percent Of Gross 40.97 Analysis Exp Sqft 7.42 Analysis Gross Rent Multi 13.55 Analysis Vacancy Rate Percent 0.00 Assessments 0.00 Association And Fees Hoa No Attached Detached Attached Community None Country USA Distressed Info None Dwelling Type 4 Plex Electric Electric Company TEP Expenses Admin Expenses 200.00 Expenses Capital Expenses 0.00 Expenses Contract Services 1085.00 Expenses Figures Presented Actual Expenses Gas Electric 6582.00 Expenses Insurance 2386.00 Expenses Maintenance Supplies 169.00 Expenses Management 8618.00 Expenses Other Expenses 1925.00 Expenses Resident Manager 0.00 Expenses Taxes Assessments 0.00 Expenses Water Sewer 3980.00 Fema Flood Zone Yes Fire Protection Included in Taxes Gas Natural Horse Facilities No Horse Property No Income Adjusted Gross 60884.00 Income Gross Scheduled Rent 10289.00 Income Net Opp Income 35939.00 Income Other Income 50595.00 Income Total Expenses 24945.00 Income Vacancy Loss 0.00 Lot Dimensions Various Lot Features East/West Exposure Lot Size Source Assessor Lot Sqft 17990.00 Municipal Flood Zone TBD Municipality Zoning Tucson - R2 Neighborhood Features Walking Trail Property Disclosures Insurance Claims History ReportLead Based PaintMilitary Airport VctSeller Prop Disclosure Road Maintenance City Section 3 Security Cameras Sewer Connected Special Conditions None Style Bungalow Subdivision Restrict Age Restrictions No Subdivision Restrict Cc Andrs No Subdivision Restrict Deed Restrictions Yes Tax Year 2024 Taxes 3689.03 Taxes For Dwelling & Land Terms CashConventionalVA Loan Total Parking 8 Township 14 Unit1 Information Floor 1st Unit1 Information Monthly Rent 1050 Unit1 Information Stories Single Unit2 Information Floor 1st Unit2 Information Monthly Rent 1405 Unit2 Information Stories Single Unit3 Information Monthly Rent 1405 Unit3 Information Stories Single Unit4 Information Floor 1st Unit4 Information Monthly Rent 1405 Unit4 Information Stories Single Utilities Paid Cable Tv Tenant Utilities Paid Electric Tenant Utilities Paid Gas Tenant Utilities Paid Insurance Owner Utilities Paid Sewer Owner Utilities Paid Taxes Owner Utilities Paid Trash Owner Utilities Paid Water Owner Water City Water

Listing provided by Tierra Antigua Realty: (520) 428-3338. Listing information © 2024 MLS of Southern Arizona.


MLS of Southern Arizona (Tucson Association of Realtors) logo Listing information Copyright 2024 MLS of Southern Arizona. All Rights Reserved. Data last updated: 2024-10-05T00:13:26.667.
The data relating to real estate listings on this website comes in part from the Internet Data Exchange (IDX) program of Multiple Listing Service of Southern Arizona. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listings provided by brokerages other than Tucson Property Executives are identified with the MLSSAZ IDX Logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate.
 
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Tucson Property Executives
180 W Magee Rd #110
Tucson AZ, 85704
Courtesy of Tierra Antigua Realty.