3725 E Farr Place, Tucson, AZ 85716

$627,500
Property Type: Commercial Square Footage: 6,365 Lot Size (sq. ft.): 25,265 Status: Closed
Current Price: $627,500 List Date: 6/21/2018 Last Modified: 6/05/2026

Overview

Description

10 units located in North Central Tucson's best kept secret! Hideaway neighborhood with a trendy vibe, these easy to maintain units are adjacent to the popular Metal Arts Village, Crossfit 520, and River Road bike path. These eclectic units rent quickly and stay occupied. 6 units have fenced private yards and all units face a large courtyard with shaded seating and community BBQ. Property has undergone major renovation in the last year. Turn key with MU zoning, the property offers immeasurable opportunity for the savvy investor with numerous creative value add opportunities.

Listing Details MLS# 21813898

Address Information

Street #
3725
Direction
E
Street Name
Farr
Suffix
Place
State/Province
AZ
Zip Code
85716
County
Pima
Country
USA

Location, Tax & Legal

Tax Code
111-04-0760
Area
Central
Tax Year
2017
Taxes
4672.84
Assessments
0
Legal Description
LOHRUM W134.5' LOT 4 BLK 6
Municipality/Zoning
Pima County - MU
Fire Protection
Included in Taxes

General Property Information

Property Sub-Type
Apartment
# Units
10
Total Parking
10
Multi-Tenant
Yes
Year Built
1962
Lot Dimensions
Irregular
Lot Acres
0.58
Lot Sqft
25265
Lot Size Source
Assessor
Combined SqFt
6365
Source of SqFt
Assessor
List Price/SqFt
107.46
Lot Size Price/SqFt
27.07

Property Features

Construction: Concrete Block Roof: Built-Up Main Cooling: Central Air; Evaporative Cooling Main Heating: Electric; Forced Air Water Heater: Natural Gas Gas: Natural Sewer: Connected Water: Public Accessibility Option: None Security: None Fence: Block Landscape - Front: Desert Plantings Landscape - Rear: Desert Plantings Road Type: Paved Terms: Cash; Conventional Submit With Offer: Digital Signature Accepted; Dual Agency Consent; Lender Pre-Approval; Proof of Funds Property Disclosures: Seller Prop Disclosure Special Conditions: None Restrictions: CC&R; Deed

Contract Information

Method of Title
Fee (Simple)
Short Sale
No

Status Change Info

Off Market Date
2018-07-09
Pending Date
2018-08-27
Sold Date
2018-08-30
Sold Price/SqFt
98.59
Lot Sz Sold Prc/SqFt
24.84
Financing
Other

More Information

Showing Information

Directions
Ft Lowell/Dodge go North to Farr Place go East to address.

Income

Gross Scheduled Rent
74369
Vacancy Loss
4094

Analysis

Cap Rate %
6.59
Gross Rent Multi
10.03
Vacancy Rate %
5.5

Expenses

Gas/Electric
3622
Insurance
1950
Maintenance Supplies
3400
Management
4560
Taxes/Assessments
4673
Water/Sewer
4013
Other Expenses
1564

Apartment Unit Information

# of Units/Studios
Yes
Avg Mo Rent/Studios
650
# of Units/1 BR
6
Avg Mo Rent/1 BR
695
# of Units/2 BR
3

Electric

Electric Company
TEP

Gas

Natural
Yes

Construction

Concrete Block
Yes

Sewer

Connected
Yes

Roof

Built-Up
Yes

Water

Public
Yes

Fence

Block
Yes

Road Type

Paved
Yes

Main Cooling

Central Air
Yes
Evaporative Cooling
Yes

Main Heating

Electric
Yes
Forced Air
Yes

Water Heater

Natural Gas
Yes

Terms

Cash
Yes
Conventional
Yes

Submit With Offer

Digital Signature Accepted
Yes
Dual Agency Consent
Yes
Lender Pre-Approval
Yes
Proof of Funds
Yes

Accessibility Option

None
Yes

Special Conditions

None
Yes

Security

None
Yes

Sold Info

Seller Concessions
0
Seller Paid Repairs
0

Landscape - Front

Desert Plantings
Yes

Landscape - Rear

Desert Plantings
Yes

Restrictions

CC&R
Yes
Deed
Yes

Property Disclosures

Seller Prop Disclosure
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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