Rare opportunity to purchase newer construction within 3 blocks of UofA around a 8.06% Cap rate (proforma)! Seller Financing Available @6% for up to 5 years OAC with 30% downpayment. This newer building integrates metal roofing with block and stucco finishes for a really neat modern look that the students love. 4-plex, with 8bds/3.5bths per unit. Large units with huge common areas, all tile throughout, hardwood cabinets, corian counters, and ample appliances. Floorplan designed by afor students. Huge Picture windows in front frame nice mountain and city views. Large enclosed common area with Turf. Parking lot w 14 parking spots, 4 on street parking spots available, basketball hoops. This property is zoned for group homes and could be ideal for a variety of non-student housing needs.
Sold for $2,950,000 on 07/31/24
$2,950,000
50 N Mountain Ave, Tucson, AZ 85719
32beds
9,584sqft
Quadruplex
Built in 2015
-- sqft lot
$2,322,100 Zestimate®
$308/sqft
$2,409 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: December 24, 2024 at 01:06pm
Listed by:
Jarrett W Reidhead 520-331-8050,
Pinnacle Realty and Investment Advisors LLC
Bought with:
Jarrett W Reidhead
Pinnacle Realty and Investment Advisors LLC
Source: MLS of Southern Arizona,MLS#: 22410347
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 32
- Bathrooms: 16
- Full bathrooms: 12
- 1/2 bathrooms: 4
Primary bathroom
- Description: Countertops: Cultured Marble
Bathroom
- Description: Countertops: Cultured Marble
- Features: Shower Only/Hall
Dining room
- Features: Area, Dining in LR/GR
Kitchen
- Description: Pantry: Walk-In,Countertops: Corian
- Features: Breakfast Bar, Double Sink
Heating
- Zoned
Cooling
- Zoned
Appliances
- Included: Dishwasher, Disposal, Electric Range, Refrigerator, Dryer Included, Washer Included, Water Heater: Electric, Appliance Color: Black, Oven: Electric, Microwave: Conventional
- Laundry: Laundry Room
Features
- Ceiling Fan(s), Vaulted Ceiling(s), High Speed Internet, Great Room, Breakfast: Bar, Dining Areas: Dining in LR/GR
- Flooring: Ceramic Tile
- Windows: Window Covering: Stay
- Furnished: Yes
Interior area
- Total structure area: 9,598
- Total interior livable area: 9,584 sqft
Property
Parking
- Total spaces: 14
- Parking features: On Property, Asphalt
- Has uncovered spaces: Yes
- Details: RV Parking (Other): None
Accessibility
- Accessibility features: Door Levers, Roll-In Shower, Accessible Doors
Features
- Levels: Unit 1 Stories: Single,Unit 2 Stories: Single,Unit 3 Stories: Two,Unit 4 Stories: Two
- Stories: 2
- Patio & porch: Covered
- Exterior features: Courtyard, Balcony
- Pool features: None
- Spa features: None
- Fencing: Block,Wrought Iron
- Has view: Yes
- View description: Mountain(s)
Lot
- Size: 0.43 Acres
- Dimensions: 125 x 150 x 125 x 151
- Features: Adjacent to Alley, Corner Lot, North/South Exposure, Landscape - Front: Low Care, Landscape - Rear: Low Care
Details
- Parcel number: 124082240
- Zoning: R3
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Modern
- Property subtype: Quadruplex
- Attached to another structure: Yes
Materials
- Concrete Block, Masonry Stucco, Metal
- Roof: Metal
Condition
- Existing
- New construction: No
- Year built: 2015
Utilities & green energy
- Electric: Tep
- Gas: None
- Water: Public
- Utilities for property: Cable Connected, Sewer Connected
Community & neighborhood
Security
- Security features: Security Lights, Window Bars, Fire Sprinkler System
Community
- Community features: Sidewalks, Street Lights
Location
- Region: Tucson
- Subdivision: Drakes Addition
HOA & financial
HOA
- Has HOA: No
Other financial information
- Total actual rent: 27200
Other
Other facts
- Listing terms: Cash,Conventional
- Ownership type: Investor
- Road surface type: Paved
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Estimated market value
$2,322,100