3520 E Bermuda Street, Tucson, AZ 85716

$1,262,250
Property Type: Commercial Square Footage: 7,892 Lot Size (sq. ft.): 38 Status: Closed
Current Price: $1,262,250 List Date: 10/03/2023 Last Modified: 12/23/2024

Overview

Description

For sale is a unique opportunity to own a 12-unit multifamily property situated in the highly sought-after Midtown area of Tucson. This property offers a spacious environment for tenants and boasts picturesque views of the Santa Catalina mountains. Its prime location and attractive unit mix make it a promising investment, ripe for a new owner to reposition and maximize its full potential. DO NOT DISTURB. DRIVE BY ONLY.

Listing Details MLS# 22321360

Address Information

Street #
3520
Direction
E
Street Name
Bermuda
Suffix
Street
State/Province
AZ
Zip Code
85716
County
Pinal
Country
USA

Location, Tax & Legal

Tax Code
111-08-061
Area
Central
Tax Year
2022
Taxes
6857
Assessments
0
Legal Description
LOT 00004 BLOCK 003 GRANTLAND ACRES MAP 6 PLAT 91
Municipality/Zoning
Tucson - R4
Fire Protection
None

General Property Information

Property Sub-Type
Apartment
# Units
12
Multi-Tenant
Yes
Year Built
1953
Lot Dimensions
See Tax Assessor
Lot Acres
0.83
Lot Sqft
36000
Lot Size Source
Assessor
Combined SqFt
7892
Source of SqFt
Assessor
List Price/SqFt
177.27
Lot Size Price/SqFt
38.86

Property Features

Construction: Brick Main Heating: Natural Gas Water Heater: Natural Gas Sewer: Connected Landscape - Front: Desert Plantings Road Type: Paved Lot Features: North/South Exposure Possession: Recording Property Disclosures: Unknown Special Conditions: Probate Estate

Contract Information

Short Sale
No

Status Change Info

Off Market Date
2023-11-02
Pending Date
2023-12-22
Sold Date
2023-12-22
Sold Price/SqFt
159.94
Lot Sz Sold Prc/SqFt
35.06
Financing
Conventional

More Information

Income

Gross Scheduled Rent
84648
Net Opp Income
52376

Expenses

Insurance
5150
Management
7032
Taxes/Assessments
6857
Water/Sewer
11379

Unit Information

Apartment
Low Rise

Apartment Unit Information

# of Units/1 BR
9
# of Units/2 BR
2
# of Units/3 BR
Yes

Electric

Electric Company
TEP

Construction

Brick
Yes

Sewer

Connected
Yes

Road Type

Paved
Yes

Lot Features

North/South Exposure
Yes

Main Heating

Natural Gas
Yes

Water Heater

Natural Gas
Yes

Sold Info

Seller Concessions
0

Landscape - Front

Desert Plantings
Yes

Possession

Recording
Yes

Property Disclosures

Unknown
Yes

Special Conditions

Probate Estate
Yes
Listing Office: R.O.I. Properties
IDX
Last Updated: December - 23 - 2024
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 the listing brokerage here are identified with the MLSSAZ IDX Logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate. Listing information Copyright 2020 MLS of Southern Arizona. All Rights Reserved.