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1205-1233 W Cedar Street, Tucson, AZ 85745

$951,000
Property Type: Commercial Square Footage: 9,512 Lot Size (sq. ft.): 33,541 Status: Closed
Current Price: $951,000 List Date: 5/01/2018 Last Modified: 9/09/2026

Overview

Description

Prime Menlo Park location! RARE opportunity to buy existing well-built 14-unit masonry complex, in hip and cool Menlo Park, at the base of A-Mountain. Units have individual laundry rooms and most units have ceramic tile flooring throughout. 6 duplexes, 1 rented house, and 1 freestanding owner's unit. All units individually metered for gas and electricity. One-bedroom duplexes are 1,200 SF; 2-bedroom is 1,586 SF. Great upside for SIGNIFICANT rent increases; simply add A/C and ''charm-up'' the exterior. Owned by the same family for decades. Property is only 4-blocks to the modern streetcar, new Caterpillar headquarters, restaurants, bars, entertainment, & the farmer's market in the Mercado District. Great views and a short streetcar trip to downtown Tucson and the UofA.

Listing Details MLS# 21812347

Address Information

Street #
1205-1233
Direction
W
Street Name
Cedar
Suffix
Street
State/Province
AZ
Zip Code
85745
County
Pima
Country
USA

Location, Tax & Legal

Tax Code
116-21-148A
Area
West

General Property Information

Property Sub-Type
Apartment
Construction Status
Existing
# Units
14
Total Parking
15
Year Built
1973
Lot Dimensions
Irregular
Lot Acres
0.77
Lot Sqft
33541
Lot Size Source
Assessor
Combined SqFt
9512
Source of SqFt
Assessor
List Price/SqFt
105.03
Lot Size Price/SqFt
29.78

Property Features

Construction: Slump Block Roof: Built-Up - Reflect Main Cooling: Central Air; Evaporative Cooling Main Heating: Forced Air; Natural Gas Water Heater: Natural Gas Gas: Natural Sewer: Connected Water: Public Accessibility Option: None Fence: Chain Link Landscape - Front: Decorative Gravel; Desert Plantings; Low Care Landscape - Rear: Low Care Road Type: Paved Lot Features: Adjacent to Alley; East/West Exposure; North/South Exposure Terms: Cash; Conventional Submit With Offer: Proof of Funds Property Disclosures: Easements; Lead Based Paint; Leases Special Conditions: None

Contract Information

Method of Title
Fee (Simple)
Short Sale
No

Status Change Info

Off Market Date
2018-04-30
Pending Date
2018-05-23
Sold Date
2018-06-08
Sold Price/SqFt
99.98
Lot Sz Sold Prc/SqFt
28.35
Financing
Conventional

More Information

Showing Information

Directions
I-10 / Congress Street - West, Melrose - South, Cedar - West to Address.

Income

Gross Scheduled Rent
99900
Vacancy Loss
2997
Adjusted Gross
96903
Total Expenses
23626
Net Opp Income
73277

Analysis

Cap Rate %
7.71
Gross Rent Multi
9.81
Vacancy Rate %
3
Exp/SqFt
2.48
Exp % of Gross
24.38

Expenses

Contract Services
1212
Figures Presented
Actual
Insurance
3840
Maintenance Supplies
4800
Taxes/Assessments
5374
Water/Sewer
7800
Other Expenses
600

Apartment Unit Information

# of Units/1 BR
10
Avg Mo Rent/1 BR
525
# of Units/2 BR
3
Avg Mo Rent/2 BR
650

Electric

Electric Company
TEP

Security

Other
Security Doors

Sold Info

Selling Comments
'AS IS' Sale
IDX
Listing Office: Tierra Antigua Realty
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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