Multi-Family

4902 S 13th Ave., Tucson, AZ 85706

Price

$875,000

Seller’s Note

Value Add and Cash Flowing 8-Unit Apartment Building!

Overview

Open
Price Reduced
Property Type

Multi-Family

Bedroom
Bathroom
Garage
Sq. ft

5040

Lot Size

17,996 s.f.

Year Built

1961

Property I.D.

Description

Cross-streets: Irvington Rd & 12th Ave

Additional Revenue Opportunity: There is an extra room, with water & power, that used to be an on-site Laundry Facility. ย Equipment can be added & Owner can make additional $$ on the machines; OR the space could be converted into a 9th unit Studio & rented for ~$450/mo.

  • Sq. Ft.: 5,040 s.f.
  • Lot Size: 17,996 s.f.
  • Year Built: 1961
  • APN: 137-051-550
  • All 2 Beds 1 Bath
  • Avg unit s.f. 750
  • All units converted to central AC last year!
  • New/refurbished AC units in 2024
  • All units recently remodeled
  • Up and coming area
  • Average rents $900+
  • Most sewer lines redone
  • Roof recently resurfaced < 3 years ago
  • Needs some electrical and cosmetic upgrades
  • Electric is Separately metered โ€“ Tenants pay! ๐Ÿ˜Š
  • Water/Sewer is also Separately metered โ€“ Tenants pay! ๐Ÿ˜Š
  • Gas is also Separately metered โ€“ Tenants pay! ๐Ÿ˜Š
  • See Photos for owner-provided P&L and property statement
  • 1 unit currently vacant & available for viewing โ€“ is indicative of all the other units

Gallery

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