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1019 N Palo Verde Boulevard, Tucson, AZ 85716

$400,000
Property Type: Multi-Family Square Footage: 1,660 Lot Size (sq. ft.): 12,632 Status: Closed
Current Price: $400,000 List Date: 11/13/2020 Last Modified: 9/09/2026

Overview

Description

This is a one of kind property located in Miramonte. Private and gated third acre lot with 3 detached 1 bdrm Casitas. Each Casita has its own front yard with a fenced private back yard and covered patio. Renovation recently completed to include new sewer lines, water lines, gas lines, upgraded electric, perimeter fencing and complete remodel to the interiors. These are beautiful cozy little houses with plank & beam ceilings, polished concrete floors, new kitchens and baths, mini-split AC/heating w/ a W&D in each unit. The back unit is ideal for an owner occupant completely fenced with a separate out building that could be used for a work shop or art studio. These units rent quickly with a vacancy never more than a few days. Owner managed. Rent roll and and brochure under documents tab.

Listing Details MLS# 22026641

Address Information

Street #
1019
Direction
N
Street Name
Palo Verde
Suffix
Boulevard
State/Province
AZ
Zip Code
85716
County
Pima
Country
USA

Location, Tax & Legal

Tax Code
125-10-0390
Area
Central
Subdivision
Miramonte Add

General Property Information

Dwelling Type
Triplex
Attached/Detached
Detached
Construction Status
Existing
Lot Dimensions
73x156
Lot Acres
0.29
Lot Sqft
12632
Lot Size Source
Appraiser
Combined SqFt
1660
Year Built
1950
Total Parking
6
School District
TUSD
Elementary School
Blenman
Middle School
Doolen
High School
Tucson
Horse Property
No
Horse Facilities
No
List Price/SqFt
240.96
Lot Size Price/SqFt
31.67

Property Features

Construction: Concrete Block Style: Contemporary Roof: Built-Up Living Areas: Living Room Dining Areas: Dining in LR/GR Dining Room: None Breakfast: None Kitchen Features: Desk; Gas Range; Refrigerator Bathroom Features: Shower Only/Hall Laundry: Dryer Included; Washer Included Extra Room: Studio Interior Features: Beamed Ceilings; Ceiling Fan(s); Plant Shelves; Skylights; Walk-In Closet(s); Workshop Floor Covering: Concrete Window Covering: Stay Technology: Cable TV Main Cooling: Zoned Main Heating: Heat Pump Water Heater: Natural Gas Gas: Natural Sewer: Connected Water: Public Accessibility Option: None Security: None Pool: None Spa: None Fence: Block Landscape - Front: Desert Plantings Landscape - Rear: Desert Plantings View: Mountain(s) Road Type: Paved Driveway: To Property Line Exterior Feature: Workshop Lot Features: Cul-De-Sac Neighborhood Features: None Terms: Cash; Conventional Submit With Offer: Loan Pre-Qualifiaction Property Disclosures: Seller Prop Disclosure Special Conditions: None

Contract Information

Method of Title
Fee (Simple)
Distressed Info
None

Status Change Info

Off Market Date
2020-11-16
Pending Date
2020-12-10
Sold Date
2020-12-17
Sold Price/SqFt
240.96
Lot Sz Sold Prc/SqFt
31.67
How Sold
Conventional

More Information

Showing Information

Directions
Alvernon and 3rd Street, west to Richey, north to 2nd, west to Palo Verde, north to property

Unit Info

# of Units/1 BR
3
Avg Mo Rent/1 BR
942

Unit 1 Information

Monthly Rent
975
# Beds
Yes
# Full Baths
Yes
SqFt
544
Occupancy
Yes
Stories
Single
Floor
1st
Furnished
No
Parking
On Property

Unit 2 Information

Monthly Rent
925
# Beds
Yes
# Full Baths
Yes
SqFt
544
Occupancy
Yes
Stories
Single
Floor
1st
Furnished
No
Parking
On Property

Unit 3 Information

Monthly Rent
925
# Beds
Yes
# Full Baths
Yes
SqFt
544
Occupancy
Yes
Stories
Single
Floor
1st
Furnished
No
Parking
On Property

Analysis

Cap Rate %
6.97
Gross Rent Multi
12.16
Vacancy Rate %
3
Exp/SqFt
3.02
Exp % of Gross
15.25

Income

Gross Scheduled Rent
33900
Vacancy Loss
1017
Adjusted Gross
32883
Total Expenses
5016
Net Opp Income
27867

Expenses

Insurance
750
Maintenance Supplies
1275
Taxes/Assessments
1639
Water/Sewer
1352
Figures Presented
Actual

Kitchen Features

Appliance Color
Stainless
Microwave
Built in

Electric

Electric Company
TEP

Utilities Paid

Cable TV
Tenant
Electric
Tenant
Gas
Tenant
Insurance
Owner
Sewer
Owner
Taxes
Owner
Trash
Owner
Water
Owner

RV Parking

Other
none

Subdivision Restrict

Age Restrictions
No
Deed Restrictions
No
CC&Rs
No

Home Protection

Offered
No

Sold Info

Seller Concessions
5000
IDX
Listing Office: Better Homes & Gardens Real Estate - SJ Fowler
Last Updated: September - 09 - 2026
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 the listing brokerage here are identified with the MLSSAZ IDX Logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate. Listing information Copyright 2026 MLS of Southern Arizona. All Rights Reserved.

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