320 E Mohave Road, Tucson, AZ 85705

$376,500
Property Type: Commercial Square Footage: 3,870 Lot Size (sq. ft.): 35,719 Status: Closed
Current Price: $376,500 List Date: 3/11/2021 Last Modified: 6/05/2026

Overview

Description

5 unit value add property with about 16,000 sqft of undeveloped R3 land. Currently there are 5 units 1 - 4 bed 2 bath, 1- 3 bed 2 bath, 1- 2 bed 1 bath and 2- 1 bed 1 bath units. Seller Financing could be available. Call listing agent with questions 520 247 7480

Listing Details MLS# 22106404

Address Information

Street #
320
Direction
E
Street Name
Mohave
Suffix
Road
State/Province
AZ
Zip Code
85705
County
Pima
Country
USA

Location, Tax & Legal

Tax Code
106-04-2120
Area
Central
Tax Year
2020
Taxes
1893
Assessments
0
Legal Description
From Parcel:001010010 /Garden Homes Lot 3 Blk 11
Municipality/Zoning
Tucson - R3
Fire Protection
Included in Taxes
FEMA Flood Zone
Yes
Municipal Flood Zone
Yes

General Property Information

Property Sub-Type
Apartment
Construction Status
Existing
# Units
5
Total Parking
10
Multi-Tenant
Yes
Year Built
1960
Lot Dimensions
irregular
Lot Acres
0.82
Lot Sqft
35719
Lot Size Source
Assessor
Combined SqFt
3870
Source of SqFt
Assessor
List Price/SqFt
103.1
Lot Size Price/SqFt
11.17

Property Features

Construction: Brick Roof: Built-Up Fenced Storage: No 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 Security: None Fence: Chain Link Landscape - Front: Desert Plantings Landscape - Rear: None Road Type: Paved Parking: Fee Lot Features: Subdivided Traffic Count: Unknown Terms: Cash; Conventional; Owner Carry Submit With Offer: Dual Agency Consent; Income Property Addendum; Lender Pre-Approval; Loan Pre-Qualifiaction; Proof of Funds Property Disclosures: Unknown Special Conditions: None Restrictions: Deed

Contract Information

Method of Title
Fee (Simple)
Short Sale
No

Status Change Info

Off Market Date
2021-03-29
Pending Date
2021-04-26
Sold Date
2021-04-30
Sold Price/SqFt
97.29
Lot Sz Sold Prc/SqFt
10.54
Financing
Cash

More Information

Showing Information

Directions
South on 1st from prince. West on Mohave to address

Income

Gross Scheduled Rent
55980
Vacancy Loss
2799
Adjusted Gross
53067
Net Opp Income
34493.55

Analysis

Cap Rate %
8.65
Vacancy Rate %
5
Exp % of Gross
35

Expenses

Figures Presented
Proforma

Unit Information

Apartment
Low Rise

Apartment Unit Information

# of Units/1 BR
2
Avg Mo Rent/1 BR
650
# of Units/2 BR
Yes
Avg Mo Rent/2 BR
795
# of Units/3 BR
Yes
Avg Mo Rent/3 BR
970
# of Units/Other
Yes
Avg Mo Rent/Other
1600

Space Information

Door Height
8 ft

Electric

Electric Company
TEP

Gas

Natural
Yes

Construction

Brick
Yes

Sewer

Connected
Yes

Roof

Built-Up
Yes

Water

Public
Yes

Fence

Chain Link
Yes

Road Type

Paved
Yes

Fenced Storage

No
Yes

Lot Features

Subdivided
Yes

Main Cooling

Central Air
Yes
Evaporative Cooling
Yes

Main Heating

Forced Air
Yes
Natural Gas
Yes

Water Heater

Natural Gas
Yes

Terms

Cash
Yes
Conventional
Yes
Owner Carry
Yes

Submit With Offer

Dual Agency Consent
Yes
Income Property Addendum
Yes
Lender Pre-Approval
Yes
Loan Pre-Qualifiaction
Yes
Proof of Funds
Yes

Accessibility Option

None
Yes

Special Conditions

None
Yes

Security

None
Yes

Sold Info

Seller Concessions
0

Landscape - Front

Desert Plantings
Yes

Landscape - Rear

None
Yes

Parking

Fee
Yes

Freeway/Highway

2.1 - 5 Mile
Yes

Traffic Count

Unknown
Yes

Restrictions

Deed
Yes

Property Disclosures

Unknown
Yes
IDX
Listing Office: Realty Executives Arizona Territory
Last Updated: June - 05 - 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 2020 MLS of Southern Arizona. All Rights Reserved.

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