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3725 E Farr Place

Tucson, AZ 85716
  • $1,100,000
  • STATUS: Active
  • ID#: 22318251
UPDATED: 31 min ago
$1,100,000
  • 0
    BEDS
  • 0.58
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 6,240
    SQFT
  • $176
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1950
County:
Area:

School Ratings & Info

Courtesy of Abi Multifamily, Llc.

Description

Located in a highly desirable area across from Tucson's Metal Arts Village, less than a mile from Brandi Fenton Memorial Park and the River Path and within an approximately 10 minute drive to the University of Arizona, this 10 unit property offers a significant value add opportunity. The units are individually metered for gas and electric with the owner paying water, sewer and trash. Rents are well below market with all tenants on month-to-month leases, allowing for the ability to immediately increase rents and introduce a RUBS program. Alternatively, the area will allow for significantly higher rents upon completion of modern updates to the units. The unit mix is ideal and consists of 1 studio, 6 one bedroom units and 3 two bedroom units.

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MLS of Southern Arizona (Tucson Association of Realtors) logo Listing information Copyright 2023 MLS of Southern Arizona. All Rights Reserved. Data last updated: 2023-10-01T21:06:34.693.
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 Long Realty - The Vallee Gold Team are identified with the MLSSAZ IDX Logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate.
www.valleegoldteam.com/homes/142769014
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3725 E Farr Place Tucson, AZ 85716

  • Price: $1,100,000
  • Status: Active
  • On Site: Days
  • Updated: 31 min ago
  • ID#: 22318251
0
Beds
0
Baths
0
½ Baths
0.58
Acres
6,240
SQFT
$176
$/SQFT
1950
Built
Neighborhood:
Central
County:
Pima
Area:
Central
Property Description
Located in a highly desirable area across from Tucson's Metal Arts Village, less than a mile from Brandi Fenton Memorial Park and the River Path and within an approximately 10 minute drive to the University of Arizona, this 10 unit property offers a significant value add opportunity. The units are individually metered for gas and electric with the owner paying water, sewer and trash. Rents are well below market with all tenants on month-to-month leases, allowing for the ability to immediately increase rents and introduce a RUBS program. Alternatively, the area will allow for significantly higher rents upon completion of modern updates to the units. The unit mix is ideal and consists of 1 studio, 6 one bedroom units and 3 two bedroom units.
Exterior Features

Construction Concrete Block

Interior Features

Main Cooling Evaporative Cooling Main Heating ElectricForced Air Water Heater Natural Gas

Property Features

Assessments 0.00 Country Usa Electric Electric Company Tep Fema Flood Zone No Fire Protection Included in Taxes Gas Natural Lot Dimensions Irregular Lot Sqft 25308.00 Multi Tenant Yes Municipality Zoning Pima County - Mu Property Sub Type Apartment Sewer Connected Short Sale No Source Of Sqft Assessor Tax Year 2022 Taxes 4949.71 Terms CashConventional

Listing provided by Abi Multifamily, Llc: (520) 265-1993. Listing information © 2023 MLS of Southern Arizona.


MLS of Southern Arizona (Tucson Association of Realtors) logo Listing information Copyright 2023 MLS of Southern Arizona. All Rights Reserved. Data last updated: 2023-10-01T21:06:34.693.
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 Long Realty - The Vallee Gold Team are identified with the MLSSAZ IDX Logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate.
 
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Long Realty - The Vallee Gold Team
1880 E. River Road
Tucson AZ, 85718
Courtesy of Abi Multifamily, Llc.
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