Tucson Multifamily Rental and Development Opportunity!

Pima County, Tucson, AZ, 85706
Sold
Listed at: December 9th, 2021
Price
$370,000
ARV
$720,000
Gross Margin
$350,000
Sq. Footage
2820
Type
Multifamily
Parking
Carport
Year build
1980
Lot size
0.81 acres
Bedrooms
6
Bathrooms
3
Half Bathrooms
0
Summary

1201 E ALVORD RD, TUCSON, AZ 85706

 

All units are 2/1 and 940 SqFt with an attached carport.

 

One unit will be vacant upon Close of Escrow. The other two units just signed new leases at $900/month each.

 

Will need to give cash for keys or leave them in while doing the land split process.

 

The property is R-2 Zoned, with a large piece of undeveloped lot area. 140-25-064B

 

Individual units could potentially be split off and resold with three options:

 

  • $190,000/unit in current condition.
  • $210,000/unit with rehab.
  • $245,000/unit with carport enclosure, becoming 3/1 units.

 

Vacant land provides development opportunities for SFR or Multifamily units. Ideally for the construction of duplexes.

 

Asking $370,000

 

 




Street View
Location
current deal
comparables
#2
available
$123k
sold
$99k
Bedrooms
Bathrooms
Sq. footage
Deals nearby
Available
Sold
Contact

Fernanda Egurrola

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Disposition manager