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228 E 32Nd Street, Tucson, AZ 85713

$1,200,000
Property Type: Commercial Square Footage: 5,132 Lot Size (sq. ft.): 13,286 Status: Closed
Current Price: $1,200,000 List Date: 5/09/2024 Last Modified: 12/25/2024

Overview

Description

This asset presents a lucrative investment opportunity. Built between 1934 and 1958, Borden's Court features 19 studios, 8 one-bedroom/one-bathroom units, as well as 2 two-bedroom/one- bathroom units. The value-add opportunity for prospective investors is significant. Capital improvements just completed over the last 90 days along with rent increases according to Section 8 standards have this property primed for sale. For access to financials and pertinent docs, reach out to agent.

Listing Details MLS# 22411605

Address Information

Street #
228
Direction
E
Street Name
32Nd
Suffix
Street
State/Province
AZ
Zip Code
85713
County
Pima
Country
USA

Location, Tax & Legal

Tax Code
118-25-155A
Area
South
Tax Year
2023
Taxes
1926.73
Assessments
0
Legal Description
HOME NO 2 LOTS 4 & 5 BLK 11
Municipality/Zoning
South Tucson - SR2
Fire Protection
Included in Taxes
FEMA Flood Zone
No

General Property Information

Property Sub-Type
Apartment
Construction Status
Existing
# Units
29
Year Built
1943
Lot Dimensions
92'x148'x94'x148'
Lot Acres
0.31
Lot Sqft
13286
Lot Size Source
Assessor
Combined SqFt
5132
Source of SqFt
Assessor
List Price/SqFt
302.03
Lot Size Price/SqFt
116.66

Property Features

Terms: Cash

Contract Information

Short Sale
No

Status Change Info

Off Market Date
2024-06-09
Pending Date
2024-06-24
Sold Date
2024-06-24
Sold Price/SqFt
233.83
Lot Sz Sold Prc/SqFt
90.32
Financing
Cash

More Information

Unit Information

Apartment
Low Rise

Apartment Unit Information

# of Units/Studios
19
# of Units/1 BR
8
# of Units/2 BR
2

Terms

Cash
Yes

Sold Info

Seller Concessions
0
IDX
Listing Office: Pinnacle Realty and Investment Advisors LLC
Last Updated: December - 25 - 2024
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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