2559 N Tucson Boulevard, Tucson, AZ 85716
$2,450,000
Property Type:
Commercial
Square Footage:
15,502
Lot Size (sq. ft.):
29,533
Status:
Closed
Current Price:
$2,450,000
List Date:
10/23/2024
Last Modified:
7/14/2025
Overview
Description
Listing Details MLS# 22426269
Address Information
- Street #
- 2559
- Direction
- N
- Street Name
- Tucson
- Suffix
- Boulevard
- State/Province
- AZ
- Zip Code
- 85716
- County
- Pima
- Country
- USA
Location, Tax & Legal
- Tax Code
- 112-06-4230
- Area
- Central
General Property Information
- Property Sub-Type
- Apartment
- Construction Status
- Existing
- # Units
- 26
- Total Parking
- 26
- Multi-Tenant
- Yes
- Year Built
- 1986
- Lot Dimensions
- 139 x 215 x 138 x 217
- Lot Acres
- 0.68
- Lot Sqft
- 29533
- Lot Size Source
- Assessor
- Combined SqFt
- 15502
- Source of SqFt
- Assessor
- Leasable SqFt
- 15362
- List Price/SqFt
- 164.49
- Lot Size Price/SqFt
- 86.34
Property Features
Property Features:
Smoke Detector
Construction:
Frame - Stucco
Roof:
Built-Up - Reflect
Fenced Storage:
No
Main Cooling:
Central Air; Zoned
Main Heating:
Electric; Forced Air
Water Heater:
Electric
Gas:
None
Sewer:
Connected
Water:
Public
Security:
None
Fence:
Block
Landscape - Front:
Low Care; Shrubs; Trees
Landscape - Rear:
Decorative Gravel; Trees
Road Type:
Paved
Parking:
Fenced Parking; Free
Lot Features:
North/South Exposure; Subdivided
Business Location:
Free Standing Bldg
Traffic Count:
Unknown
Terms:
Cash; Conventional
Possession:
Recording
Submit With Offer:
Income Property Addendum; Loan Pre-Qualifiaction; Proof of Funds
Property Disclosures:
Seller Prop Disclosure
Special Conditions:
None
Restrictions:
CC&R
Contract Information
- Method of Title
- Fee (Simple)
- Short Sale
- No
Status Change Info
- Off Market Date
- 2024-11-15
- Pending Date
- 2025-01-30
- Sold Date
- 2025-01-31
- Sold Price/SqFt
- 158.04
- Lot Sz Sold Prc/SqFt
- 82.96
- Financing
- Cash Owner Carryback
More Information
Showing Information
- Directions
- Tucson north of Grant and property is on the west side of the street
Income
- Gross Scheduled Rent
- 268200
- Vacancy Loss
- 13410
- Other Income
- 2400
- Adjusted Gross
- 257190
- Net Opp Income
- 176730
Analysis
- Cap Rate %
- 6.54
- Gross Rent Multi
- 9.53
- Vacancy Rate %
- 5
Expenses
- Insurance
- 12000
- Maintenance Supplies
- 30000
- Management
- 19483
- Taxes/Assessments
- 11138
- Other Expenses
- 7841
Unit Information
- Apartment
- Low Rise
Apartment Unit Information
- Avg Mo Rent/1 BR
- 845
- Avg Mo Rent/2 BR
- 1035
Property Features
- A.D.A. Compliant
- Unknown
Electric
- Electric Company
- TEP
Parking
- # Covered Parking
- 10
- Other
- 16 uncovered
Listing Office:
Long Realty
Last Updated: July - 14 - 2025
Broker Attribution:
(520)404-8352
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