4625 E Montecito Street, Tucson, AZ 85711 (MLS# 21921402)

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4625 E Montecito Street, Tucson, AZ 85711

$167,000

Property Type: Multi-Family Square Footage: 1,754 Lot Size (sq. ft.): 9,634 Status: Closed

Current Price: $167,000 List Date: 8/15/2019 Last Modified: 6/05/2026

Overview

Description

This solid red brick duplex has just received major refurbishing, and it should produce top rents for the area, have relatively low operating & maintenance expenses, and should produce a premium return on investment. The interior of both units have new kitchen cabinets & counter tops, new paint, and many new fixtures & doors together with other improvements which make these units show very well. Based on current rents in the area the 3 bedroom apartment should conservatively produced $850 + a month in rent and the 2 bedroom apartment should produce rent of around $750 + a month. Please contact listing agent for additional information regarding this property and upgrade options that could be included with this property.

Listing Details MLS# 21921402

Address Information

Street #: 4625
Direction: E
Street Name: Montecito
Suffix: Street
State/Province: AZ
Zip Code: 85711
County: Pima
Country: USA

Location, Tax & Legal

Tax Code: 126-13-2970
Area: Central
Subdivision: Linden Park
Tax Year: 2018
Taxes: 1279.06
Assessments: 0
Taxes For: Dwelling & Land
Legal Description: Linden Park, Lot 11, Block 37
Township: 14
Community: None
Range: 14
Section: 15
Municipality/Zoning: Tucson - R1
Fire Protection: Included in Taxes
FEMA Flood Zone: No
Municipal Flood Zone: No

General Property Information

Dwelling Type: Duplex
Attached/Detached: Attached
Construction Status: Existing
Lot Dimensions: 83.15' X 120.21' X 82.65' X 118.36'
Lot Acres: 0.22
Lot Sqft: 9634
Lot Size Source: Assessor
Combined SqFt: 1754
Year Built: 1951
Total Parking: 4
School District: TUSD
Elementary School: Bonillas
Middle School: Vail
High School: Rincon
Horse Property: No
Horse Facilities: No
List Price/SqFt: 94.01
Lot Size Price/SqFt: 17.12

Property Features

Construction: Brick Style: Ranch Roof: Shingle Living Areas: Living Room Dining Areas: Dining in LR/GR Dining Room: Area Breakfast: Area Kitchen Features: Double Sink Bathroom Features: Shower & Tub/Hall Laundry: Laundry Room Extra Room: None Floor Covering: Ceramic Tile Technology: Cable TV; Satellite Dish; Telephone 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 Pool: None Spa: None Fence: Chain Link Landscape - Front: None Landscape - Rear: None View: Residential; Sunrise; Sunset Road Type: Paved Driveway: None RV Parking: Space Available Exterior Feature: None Lot Features: North/South Exposure; Subdivided Neighborhood Features: Basketball Court; Paved Street; Sidewalks; Street Lights Assoc Amenities: None Terms: Cash; Conventional Submit With Offer: Dual Agency Consent; Earnest Check; Income Property Addendum; Lender Pre-Approval; Loan Status; Proof of Funds; Written Lender Approval Property Disclosures: County Parcel Info; Lead Based Paint; Military Airport Vct; Plat Map; Public Airport Vcty; Seller Prop Disclosure; Insurance Claims History Report Special Conditions: None

Contract Information

Method of Title: Fee (Simple)
Distressed Info: None

Status Change Info

Off Market Date: 2019-08-22
Pending Date: 2019-10-16
Sold Date: 2019-10-31
Sold Price/SqFt: 95.21
Lot Sz Sold Prc/SqFt: 17.33
How Sold: Cash

More Information

Showing Information

Directions: Starting at Broadway & Swan go South on Swan to Montecito and then go West on Montecito to 4625-7 E. Montecito. The property is located on the North side of the street.

Unit Info

# of Units/2 BR: Yes
Avg Mo Rent/2 BR: 750
# of Units/3 BR: Yes
Avg Mo Rent/3 BR: 850

Unit 1 Information

Monthly Rent: 750
# Beds: 2
# Full Baths: Yes
SqFt: 743
Occupancy: No
Stories: Single
Floor: 1st
Furnished: No
Parking: On Property

Unit 2 Information

Monthly Rent: 850
# Beds: 3
# Full Baths: Yes
SqFt: 1011
Occupancy: No
Stories: Single
Floor: 1st
Furnished: No
Parking: On Property

Analysis

Cap Rate %: 8.96
Gross Rent Multi: 8.97
Vacancy Rate %: 3
Exp/SqFt: 2.09
Exp % of Gross: 19.68

Income

Gross Scheduled Rent: 19200
Vacancy Loss: 576
Adjusted Gross: 18624
Total Expenses: 3665
Net Opp Income: 14959
Other Income: 0

Expenses

Insurance: 850
Maintenance Supplies: 576
Taxes/Assessments: 1279
Water/Sewer: 960
Figures Presented: Proforma
Admin Expenses: 0
Capital Expenses: 0
Contract Services: 0
Gas/Electric: 0
Management: 0
Resident Manager: 0
Other Expenses: 0

Kitchen Features

Countertops: Formica
Double Sink: Yes

Bathroom Features

Countertops/Hall: Formica
Shower & Tub/Hall: Yes

Interior Features

Interior Steps: No

Window Covering

Other: Call Listing Agent

Main Cooling

Other: Calll Listing Agent
Central Air: Yes
Evaporative Cooling: Yes

Main Heating

Other: Call Listing Agent
Forced Air: Yes
Natural Gas: Yes

Electric

Electric Company: TEP

Water

Water Company: City of Tucson
Public: Yes

Utilities Paid

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

Landscape - Front

Other: Call Listing Agent
None: Yes

Landscape - Rear

Other: Call Listing Agent
None: Yes

Subdivision Restrict

Age Restrictions: No
Deed Restrictions: Yes
CC&Rs: Yes

Terms

Other: FHA & VA
Cash: Yes
Conventional: Yes

Submit With Offer

Digital Signatures: Yes
Dual Agency Consent: Yes
Earnest Check: Yes
Income Property Addendum: Yes
Lender Pre-Approval: Yes
Loan Status: Yes
Proof of Funds: Yes
Written Lender Approval: Yes

Home Protection

Offered: No

Sold Info

Down Payment: 167000
Est. Closing Date: 2019-10-31
Seller Paid Repairs: 3000
Seller Concessions: 0

Gas

Natural: Yes

Construction

Brick: Yes

Style

Ranch: Yes

Sewer

Connected: Yes

Roof

Shingle: Yes

Living Areas

Living Room: Yes

Dining Areas

Dining in LR/GR: Yes

Fence

Chain Link: Yes

Dining Room

Area: Yes

View

Residential: Yes
Sunrise: Yes
Sunset: Yes

Breakfast

Area: Yes

Road Type

Paved: Yes

Road Maintenance

City: Yes

Lot Features

North/South Exposure: Yes
Subdivided: Yes

Laundry

Laundry Room: Yes

Neighborhood Features

Basketball Court: Yes
Paved Street: Yes
Sidewalks: Yes
Street Lights: Yes

Extra Room

None: Yes

Water Heater

Natural Gas: Yes

Association & Fees

HOA: No
HOA Name: N/A
HOA Telephone: N/A

Floor Covering

Ceramic Tile: Yes

Accessibility Option

None: Yes

Technology

Cable TV: Yes
Satellite Dish: Yes
Telephone: Yes

Special Conditions

None: Yes

Security

None: Yes

Patio/Deck

Covered: Yes
Other: Front Porches

Pool

None: Yes

Property Disclosures

County Parcel Info: Yes
Insurance Claims History Report: Yes
Lead Based Paint: Yes
Military Airport Vct: Yes
Plat Map: Yes
Public Airport Vcty: Yes
Seller Prop Disclosure: Yes

Spa

None: Yes

Driveway

None: Yes

RV Parking

Space Available: Yes

Exterior Feature

None: Yes

Assoc Amenities

None: Yes

Documents

Lead Paint Disclosure ›

Airport Disclosure ›

Listing Office: Keller Williams Southern Arizona

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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