4399 E Pima Street, Tucson, AZ 85712

$1,250,200
Property Type: Multi-Family Square Footage: 65,544 Status: Closed
Current Price: $1,250,200 List Date: 1/21/1998 Last Modified: 10/26/2024

Overview

Description

* + 122060500 ** Of L7 & Less Sts Bl4. Turn This Property Around Needs Tlc Great Location 48 - 1 Br, 700 Sf, 24 - 2 Br, 1 Ba 900 Sf ($395/Mo) 8 - 2br 2 Ba (1,000 Sf) 2 Pools $17,187/Unit $20.98/Sf 4 X Gross 9.6% Cap Rate, New Roofs '92 & '93. Owner Carry 2nd @ 10% 30 Yr. Amort Negotiate Balloon.

Listing Details MLS# 9801555

Address Information

Street #
4399
Direction
E
Street Name
Pima
Suffix
Street
State/Province
AZ
Zip Code
85712
County
Pima
Country
USA

Location, Tax & Legal

Tax Code
122-06-0490*
Area
Central
Subdivision
Sierra Vista
Tax Year
1997
Taxes
16557
Assessments
0
Legal Description
Sierra Vista W150' Of The E330' Of Lot 7, Exc N30'+s25' Therof Blk 4 180'**
Township
14
Community
None
Range
14
Section
3
Municipality/Zoning
Tucson - R3
Fire Protection
Included in Taxes

General Property Information

Lot Dimensions
300 X 270
Combined SqFt
65544
Year Built
1963
List Price/SqFt
20.98

Property Features

Construction: Concrete Block Main Cooling: Central Air Main Heating: Forced Air; Natural Gas Sewer: Connected Water: Public Security: None Terms: Cash; Owner Carry Property Disclosures: Unknown Sold Info: Financing

Status Change Info

Off Market Date
1998-07-09
Pending Date
1998-03-19
Sold Date
1998-07-09
Sold Price/SqFt
19.07
How Sold
Cash Owner Carryback

More Information

Showing Information

Directions
E - Of Columbus On Pima

Unit Info

# of Units/1 BR
48
Avg Mo Rent/1 BR
320
# of Units/2 BR
32
Avg Mo Rent/2 BR
409

Analysis

Cap Rate %
7.86
Gross Rent Multi
4.7
Vacancy Rate %
15
Exp/SqFt
2.81
Exp % of Gross
63.04

Income

Gross Scheduled Rent
344160
Vacancy Loss
51624
Adjusted Gross
292536
Total Expenses
184437
Net Opp Income
108099

Expenses

Admin Expenses
1500
Capital Expenses
20000
Contract Services
10350
Gas/Electric
29300
Insurance
5502
Maintenance Supplies
44000
Management
14688
Resident Manager
19740
Taxes/Assessments
16557
Water/Sewer
22800
Figures Presented
Actual

Interior Features

Interior Steps
Yes

Sold Info

Selling Comments
$1,015,000 Cash To S
Financing
Yes

Miscellaneous

Master Elec Meter
No
Master Gas Meter
No
Master Water Meter
Yes
Package Available
Yes

Construction

Concrete Block
Yes

Sewer

Connected
Yes

Water

Public
Yes

Main Cooling

Central Air
Yes

Main Heating

Forced Air
Yes
Natural Gas
Yes

Terms

Cash
Yes
Owner Carry
Yes

Security

None
Yes

Property Disclosures

Unknown
Yes
IDX
Listing Office: Long Realty
Last Updated: October - 26 - 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 2020 MLS of Southern Arizona. All Rights Reserved.

Search Like a Tucson Pro: Full MLS Access

Stop using “lite” versions of the market. I’ve unlocked the professional-grade FlexMLS tool for you—the same system used by Tucson Realtors. Access real-time sold data, private documents, and upcoming open houses that haven’t hit the big sites yet.

Your Local Tucson Expert Real Estate Partner

Blaine Bond - Tucson Real Estate Agent and Neighborhood Tour Expert

Moving is a major life milestone. You deserve a partner who knows the Tucson dirt as well as the local market data.

Real estate is more than just a transaction—it’s one of the most powerful ways to build lasting wealth for your family. Whether you are stepping into your first home, searching for a second mountain getaway, or managing an investment portfolio, I’m here to ensure the process is smooth, transparent, and profitable for you.

Why Work With Us?

  • Market Intelligence: We don’t guess; we track the data. Get exclusive access to our Monthly Market Reports so you can see exactly where Tucson home values are heading before you buy or sell.

  • Strategic Results: The right guidance means more equity in your pocket at closing.

  • Zero Pressure: No sales tactics—just honest assistance tailored to your goals.

Ready to get started? Whether you need a formal home valuation or just have a quick question about a neighborhood, reach out to Blaine and the team today.

Sign In

Register

Reset Password

Please enter your username or email address, you will receive a link to create a new password via email.