719 S 4th Ave, Tucson, AZ 85701

Studio-- baths5,002 sqft

Pending
$248,000
Est. Mortgage
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My Notes

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Huge potential in this historic 12 unit apartment complex. This is a former bakery building, and is a contributing structure to the Armory Park Historic Dist. All units face a central courtyard, and have their own bathrooms and kitchen areas. Major work is needed, including fire damage restoration, so bring your imagination and a contractor. High ceilings throughout, with several sleeping lofts and wire-glass skylights. The apartments are all large studios, and should easily rent for $500 each when finished, providing a yearly gross of $72,000. As-built drawings are done, and attached for review. City has approved continued use of the 12 unit configuration. Property sold AS-IS, and buyer must perform all due diligence with regards to potential uses. No utilities, SPDS, or CLUE.  More Less 

Facts

  • Apartment
  • Built in 1923
  • 499 days on Zillow
  • Cooling: None
  • Parking: Carport, Garage - Attached
  • Price/sqft: $50
  • MLS #: 21324938

Features

  • Flooring: Concrete

      Room Types

      • Breakfast nook
      • Dining room
      • Family room

      Construction

      • Exterior material: Brick
      • Roof type: Other
      • # Stories: 1.0
      • Structure type: Other
      • Unit count: 12

      Other

      • Floor size: 5,002 sqft
      • Heating: None
      • Zillow Home ID: 2110987729

      Zestimate Details

      Rent Zestimate A Rent Zestimate is Zillow's estimated monthly rental price, computed using a proprietary formula. It is a starting point in determining the monthly rental price for a specific property. Learn more

      The Rent Range is the high and low estimate for which an apartment or home could rent. The more information we have, the smaller the range, and the more accurate the Rent Zestimate. See data coverage and accuracy table
      $2,622/mo
      -$526 Last 30 days
      $1.9K
      $3.7K
      Zestimate range

      Comparable Homes

      Homes like this sold for $100-410K.

      $80K
      $430K

      Popularity on Zillow

      Trending! This home is one of the top 10% most visited in the neighborhood this week.
      3,323 views since listing
      5,145 all-time (chart)
      34 shoppers saved
      this home to their list of favorites

      Home Expenses

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      Neighborhood

      Market guide

      Zillow predicts Armory Park home values will rise 4.1% next year, compared to a 3.2% increase for Tucson as a whole. Among Armory Park homes, this home is 26.1% more expensive than the midpoint (median) home, but is priced 68% less per square foot.

      Foreclosures will be a factor impacting home values in the next several years. In Armory Park, the number of foreclosures waiting to be sold is 54.3% lower than in Tucson, and 35.8% less than the national average. This lower local number could help Armory Park home values rise more quickly than other regions in Tucson.

      Learn more about forecast calculations or Armory Park home values.
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        Nearby Schools in Tucson

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        Disclaimer: School attendance zone boundaries are supplied by Maponics and are subject to change. Check with the applicable school district prior to making a decision based on these boundaries.

        Data by GreatSchools.org