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448 Paseo Flamenco, Rio Rico, AZ 85648

New Listing
$400,000
Property Type: Multi-Family Square Footage: 2,805 Lot Size (sq. ft.): 13,460 Status: Active
Current Price: $400,000 List Date: 10/31/2026 Last Modified: 11/04/2026

Overview

Description

Massive corner 13,460 sqft lot!! A rare opportunity, 1st time ever listed. Where countryside meets versatility/positive cash-flow living! 1993 Built, Triplex brick contruction features 3 spacious 2 bedroom/1 bath units, 935 sqft each including its own utility/washer/storage room *Expansive front covered patio stretches approx 60 ft! Each unit has its own wide-cement driveway for ample parking, can fit 4+cars *Newer roof (2019), NEW Kitchens! (2026) *NEW GRANITE *NEW 42' Shaker cabinets to ceiling w/ soft close *NEW Stainless-steel sink & faucet *NEW Pantry deep shelving *Refrigerators! *NEW bath cabinet w/ cultured marble countertop & NEW faucets *All tile *Back covered patio(s) welcome a block/wire fenced yard *Security doors *Great curb appeal, mountain views, no front/side neighbors..

Supplements: *Motion censored coach lights *Endless opportunities for future expansion on each side yard, new owner can easily extend side units: build another bedroom/bath combo and/or build courtyard with bbq's or carports. *Loyal tenants in place, lease ends Feb 1st then month-to-month. Currently pay $900 each. Owner/Agent. Wont last! Serious buyers/investor ...

Listing Details MLS# 22626516

Address Information

Street #
448
Street Name
Paseo Flamenco
State/Province
AZ
Zip Code
85648
County
Santa Cruz
Country
USA

Location, Tax & Legal

Tax Code
124-02-078
Area
SCC-Rio Rico West
Subdivision
Rio Rico Villas 13

General Property Information

Dwelling Type
Triplex
Attached/Detached
Attached
Construction Status
Existing
Lot Dimensions
147.62 X 83.34 X 144.27 X 95.64
Lot Acres
0.31
Lot Sqft
13460
Lot Size Source
Other
Combined SqFt
2805
Year Built
1993
Total Parking
12
School District
Santa Cruz Valley United School District #35
Elementary School
San Cayetano Elementary
Middle School
Coatimundi Middle School
High School
Rio Rico High School
Horse Property
No
Horse Facilities
No
List Price/SqFt
142.6
Lot Size Price/SqFt
29.72

Property Features

Construction: Brick Style: Ranch Roof: Shingle Living Areas: Great Room Dining Areas: Eat-In Kitchen Dining Room: Area Breakfast: Area Kitchen Features: Electric Range; Refrigerator Bathroom Features: Shower & Tub/Hall Laundry: Laundry Room Interior Features: Ceiling Fan(s); Split Bedroom Plan; Walk-In Closet(s) Floor Covering: Ceramic Tile Window Covering: Stay Technology: Cable TV; Telephone Main Cooling: Ceiling Fan(s); Central Air Main Heating: Electric Water Heater: Electric Gas: None Sewer: Connected Accessibility Option: None Security: None Pool: None Spa: None Fence: Block; Chain Link Landscape - Front: Grass; Low Care; Natural Desert Landscape - Rear: Low Care View: Mountain(s) Road Type: Paved Driveway: To Property Line Exterior Feature: None Lot Features: Corner Lot Neighborhood Features: None Terms: Cash; Conventional; FHA Loan Submit With Offer: Lender Pre-Approval; Loan Pre-Qualifiaction Property Disclosures: Seller Prop Disclosure; Insurance Claims History Report Special Conditions: Owner/Agent

Contract Information

Method of Title
Fee (Simple)
Distressed Info
None

More Information

Showing Information

Directions
Use GPS. Large corner lot on Paseo Flamenco and Calle Ganzo. From W Frontage Rd, WEST on Paseo Chubasco, NORTH on Paseo Flamenco to property.

Unit Info

Avg Mo Rent/1 BR
900
Avg Mo Rent/2 BR
900
Avg Mo Rent/3 BR
1100

Unit 1 Information

Monthly Rent
900
# Beds
2
# Full Baths
Yes
SqFt
935
Occupancy
No
Stories
Single
Floor
1st
Furnished
No
Parking
On Property

Unit 2 Information

Monthly Rent
900
# Beds
2
# Full Baths
Yes
SqFt
935
Occupancy
No
Stories
Single
Floor
1st
Furnished
No
Parking
On Property

Unit 3 Information

Monthly Rent
1100
# Beds
2
# Full Baths
2
SqFt
935
Occupancy
Yes
Stories
Single
Floor
1st
Furnished
No
Parking
On Property

Analysis

Cap Rate %
0.02
Gross Rent Multi
222.22
Exp/SqFt
0.61
Exp % of Gross
95.39

Income

Gross Scheduled Rent
1800
Adjusted Gross
1800
Total Expenses
1717
Net Opp Income
83

Expenses

Insurance
150
Taxes/Assessments
1567
Figures Presented
Proforma

Kitchen Features

Pantry
Closet
Appliance Color
Almond
Countertops
GRANITE
Oven
Range

Bathroom Features

Countertops/Primary
Marble

Extra Room

Other
laundry room/storage

Window Covering

Other
blinds

Electric

Electric Company
Unisource Electric

Water

Water Company
Liberty water co.

Utilities Paid

Cable TV
Tenant
Electric
Tenant
Gas
Tenant
Insurance
Owner
Sewer
Tenant
Taxes
Owner
Trash
Tenant
Water
Tenant

Driveway

Paved
Concrete

RV Parking

Other
landlord approval

Subdivision Restrict

Age Restrictions
No
Deed Restrictions
No
CC&Rs
No

Home Protection

Offered
No
IDX
Listing Office: Realty ONE Group
Last Updated: November - 04 - 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.