723 - 727 N 2nd Avenue, Tucson, AZ 85705

$406,500
Property Type: Multi-Family Square Footage: 2,973 Lot Size (sq. ft.): 48 Status: Closed
Current Price: $406,500 List Date: 6/11/2018 Last Modified: 4/22/2026

Overview

Description

Historic income property in desirable West University. 1/2 a block to the streetcar. Walking distance to UofA, Time Market, 4th Ave shopping and dining. Property consists of a duplex and 2 houses. All are brick construction, wood floors. Lovely courtyard between duplex and 1st house. Each unit has mini split A/C heating units, separate electric meters and off street parking. Fully rented.

Listing Details MLS# 21816369

Address Information

Street #
723 - 727
Direction
N
Street Name
2nd
Suffix
Avenue
State/Province
AZ
Zip Code
85705
County
Pima
Country
USA

Location, Tax & Legal

Tax Code
117-03-3410
Area
Central
Subdivision
Tucson
Comparable Only Listing
Yes
Tax Year
2017
Taxes
3870.28
Assessments
0
Taxes For
Dwelling & Land
Legal Description
Tucson Lot 8 Blk 43
Township
14
Community
None
Range
13
Section
12
Municipality/Zoning
Tucson - HR2
Fire Protection
Included in Taxes
FEMA Flood Zone
No
Municipal Flood Zone
No

General Property Information

Dwelling Type
Quadruplex
Attached/Detached
Detached
Construction Status
Existing
Lot Dimensions
50 X 184.8 X50 X 184.8
Lot Acres
0.21
Lot Sqft
9240
Lot Size Source
Assessor
Combined SqFt
2973
Year Built
1907
Total Parking
5
School District
TUSD
Elementary School
Roskruge
Middle School
Mansfeld
High School
Tucson
Horse Property
No
Horse Facilities
No
List Price/SqFt
151.36
Lot Size Price/SqFt
48.7

Property Features

Construction: Brick; Stucco Finish Style: Bungalow Roof: Shingle Living Areas: Living Room Dining Areas: Dining in LR/GR Dining Room: Area Breakfast: None Kitchen Features: Gas Range; Dishwasher; Refrigerator Bathroom Features: Shower & Tub/Hall Extra Room: Storage Interior Features: Ceiling Fan(s); Smoke Detector Floor Covering: Ceramic Tile; Vinyl; Wood Window Covering: Some Technology: High Speed Internet Main Cooling: Zoned Main Heating: Electric; Zoned Water Heater: Electric; Natural Gas Gas: Natural Sewer: Connected Water: Public Accessibility Option: None Security: Window Bars Pool: None Spa: None Fence: Wood; Wrought Iron Landscape - Front: Shrubs; Trees Landscape - Rear: Shrubs; Trees View: Residential Road Type: Paved Driveway: Car(s) Pad Exterior Feature: Courtyard Lot Features: Adjacent to Alley; North/South Exposure Neighborhood Features: Historic; Paved Street Terms: Cash Submit With Offer: Income Property Addendum; Loan Pre-Qualifiaction; Proof of Funds Property Disclosures: Lead Based Paint; 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
2018-06-19
Pending Date
2018-07-27
Sold Date
2018-07-27
Sold Price/SqFt
136.73
Lot Sz Sold Prc/SqFt
43.99
How Sold
Cash

More Information

Showing Information

Directions
University / Euclid. west on University to 2nd Ave. South to address.

Unit Info

# of Units/1 BR
3
Avg Mo Rent/1 BR
770
# of Units/2 BR
Yes
Avg Mo Rent/2 BR
1000

Unit 1 Information

Monthly Rent
775
# Beds
Yes
# Full Baths
Yes
SqFt
750
Occupancy
Yes
Stories
Single
Floor
1st
Furnished
No
Parking
On Property

Unit 2 Information

Monthly Rent
850
# Beds
Yes
# Full Baths
Yes
SqFt
816
Occupancy
Yes
Stories
Single
Floor
1st
Furnished
No
Parking
On Property

Unit 3 Information

Monthly Rent
1000
# Beds
2
# Full Baths
2
SqFt
616
Occupancy
Yes
Stories
Single
Floor
1st
Furnished
No
Parking
On Property

Unit 4 Information

Monthly Rent
675
# Beds
Yes
# Full Baths
Yes
SqFt
790
Occupancy
Yes
Stories
Single
Floor
1st
Furnished
No
Parking
On Property

Analysis

Cap Rate %
6.59
Gross Rent Multi
9.95
Exp/SqFt
4.74
Exp % of Gross
34.47
Vacancy Rate %
0

Income

Gross Scheduled Rent
39600
Other Income
1260
Adjusted Gross
40860
Total Expenses
14086
Net Opp Income
26774
Vacancy Loss
0

Expenses

Insurance
1956
Management
5160
Taxes/Assessments
3870
Water/Sewer
1600
Other Expenses
1500
Figures Presented
Proforma
Admin Expenses
0
Capital Expenses
0
Contract Services
0
Gas/Electric
0
Maintenance Supplies
0
Resident Manager
0

Laundry

Other
3 units have w/d

Electric

Electric Company
TEP

Security

Other
Security Doors
Window Bars
Yes

Utilities Paid

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

RV Parking

Other
none

Neighborhood Features

Green Valley Rec
No
Historic
Yes
Paved Street
Yes

Subdivision Restrict

Age Restrictions
No
Deed Restrictions
Yes
CC&Rs
No

Submit With Offer

Digital Signatures
Yes
Income Property Addendum
Yes
Loan Pre-Qualifiaction
Yes
Proof of Funds
Yes

Home Protection

Offered
No

Gas

Natural
Yes

Construction

Brick
Yes
Stucco Finish
Yes

Style

Bungalow
Yes

Sewer

Connected
Yes

Roof

Shingle
Yes

Water

Public
Yes

Living Areas

Living Room
Yes

Dining Areas

Dining in LR/GR
Yes

Fence

Wood
Yes
Wrought Iron
Yes

Dining Room

Area
Yes

View

Residential
Yes

Breakfast

None
Yes

Road Type

Paved
Yes

Kitchen Features

Gas Range
Yes
Dishwasher
Yes
Refrigerator
Yes

Road Maintenance

City
Yes

Lot Features

Adjacent to Alley
Yes
North/South Exposure
Yes

Main Cooling

Zoned
Yes

Main Heating

Electric
Yes
Zoned
Yes

Extra Room

Storage
Yes

Water Heater

Electric
Yes
Natural Gas
Yes

Association & Fees

HOA
No

Interior Features

Ceiling Fan(s)
Yes
Smoke Detector
Yes

Bathroom Features

Shower & Tub/Hall
Yes

Terms

Cash
Yes

Floor Covering

Ceramic Tile
Yes
Vinyl
Yes
Wood
Yes

Window Covering

Some
Yes

Accessibility Option

None
Yes

Technology

High Speed Internet
Yes

Sold Info

Seller Concessions
0
Seller Paid Repairs
0

Landscape - Front

Shrubs
Yes
Trees
Yes

Landscape - Rear

Shrubs
Yes
Trees
Yes

Patio/Deck

Patio
Yes

Pool

None
Yes

Property Disclosures

Insurance Claims History Report
Yes
Lead Based Paint
Yes
Seller Prop Disclosure
Yes

Spa

None
Yes

Special Conditions

None
Yes

Driveway

Car(s) Pad
Yes

Exterior Feature

Courtyard
Yes
IDX
Listing Office: Tierra Antigua Realty
Last Updated: April - 22 - 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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