1490 E Prospect Lane, Tucson, AZ 85719
New ListingOverview
Description
Supplements: ... (Read more) Continue the current income strategy, expand the existing residential footprint, create a multi-generational family compound, corporate or executive housing destination, boutique retreat, or explore other potential uses. Unlike a typical multi-unit investment, this is an irreplaceable historic compound where each residence has its own character and identity. Extensive improvements have modernized the property while preserving its historic charm, including central A/C throughout, renovated bathrooms, restored fireplaces, updated roofs, plumbing, electrical, windows and appliances, plus upgraded gates, fencing, parking and the addition of a resort-style pool. With approximately $250,000 in current annualized income, 9 residences, potential for 12 additional units, and a rare combination of historic character, privacy and flexibility**, this is far more than an income property--it is a one-of-a-kind compound with immediate cash flow and exceptional future potential.
Listing Details MLS# 22621896
Address Information
- Street #
- 1490
- Direction
- E
- Street Name
- Prospect
- Suffix
- Lane
- State/Province
- AZ
- Zip Code
- 85719
- County
- Pima
- Country
- USA
Location, Tax & Legal
- Tax Code
- 108-21-021H
- Area
- Central
General Property Information
- Property Sub-Type
- Apartment
- # Units
- Yes
- Year Built
- 1956
- Lot Dimensions
- irr
- Lot Acres
- 2.67
- Lot Sqft
- 112843
- Lot Size Source
- Assessor
- Combined SqFt
- 11942
- Source of SqFt
- Assessor
- Leasable SqFt
- 11942
- List Price/SqFt
- 293.08
- Lot Size Price/SqFt
- 31.02
Property Features
Contract Information
- Method of Title
- Fee (Simple)
- Short Sale
- No
More Information
Income
- Gross Scheduled Rent
- 250000
Main Cooling
- Other
- multiple units
Electric
- Electric Company
- TEP
Fence
- Other
- metal
Parking
- # Covered Parking
- 5
- Other
- other
