3601 E 4th Street, Tucson, AZ 85716

$5,900,000
Property Type: Commercial Square Footage: 28,485 Lot Size (sq. ft.): 79,540 Status: Closed
Current Price: $5,900,000 List Date: 9/23/2025 Last Modified: 9/25/2025

Overview

Description

One of a kind multi family rental opportunity. Just a short bike ride from the University and minutes from many commercial amenities this 27 unit property offers free standing units, walled rear yards, desert tolerant plantings, no landlord water bill, all electric and water units-paid by tenants. 2 off street parking spaces per unit, laundry hooks in each unit.

Listing Details MLS# 22524610

Address Information

Street #
3601
Direction
E
Street Name
4th
Suffix
Street
State/Province
AZ
Zip Code
85716
County
Pima
Country
USA

Location, Tax & Legal

Tax Code
125-11-218A
Area
Central

General Property Information

Property Sub-Type
Other
Construction Status
Existing
# Units
27
Total Parking
54
Multi-Tenant
Yes
Year Built
2001
Lot Dimensions
Irregular
Lot Acres
1.83
Lot Sqft
79540
Lot Size Source
Assessor
Combined SqFt
28485
Source of SqFt
Assessor
List Price/SqFt
224.68
Lot Size Price/SqFt
80.46

Property Features

Property Features: Interior Steps; Smoke Detector Construction: Frame - Stucco Roof: Built-Up - Reflect Main Cooling: Ceiling Fan(s); Heat Pump Main Heating: Electric Water Heater: Electric Gas: None Sewer: Connected Water: Public Window Features: Double Pane Windows Fence: Block; Shared Fence Landscape - Front: Desert Plantings; Low Care; Trees Landscape - Rear: Desert Plantings; Low Care; Trees Road Type: Paved Parking: Paved Parking Lot Features: Corner Lot; North/South Exposure; Subdivided Terms: Cash; Conventional; Exchange Submit With Offer: Proof of Funds; Written Lender Approval Property Disclosures: Seller Prop Disclosure Special Conditions: None

Contract Information

Method of Title
Fee (Simple)
Short Sale
No

Status Change Info

Off Market Date
2025-09-23
Pending Date
2025-09-22
Sold Date
2025-09-25
Sold Price/SqFt
207.13
Lot Sz Sold Prc/SqFt
74.18
Financing
Cash Owner Carryback

More Information

Showing Information

Directions
From country club and 5th, east to Richey, north to address

Income

Gross Scheduled Rent
490877
Vacancy Loss
6500
Net Opp Income
415477

Analysis

Vacancy Rate %
1.32

Expenses

Captial Expenses
5000
Contract Services
1500
Figures Presented
Proforma
Gas/Electric
1500
Insurance
17500
Maintenance Supplies
1000
Taxes/Assessments
37000
Water/Sewer
400
Other Expenses
5000

Unit Information

Apartment
Low Rise

Apartment Unit Information

# of Units/2 BR
27
Avg Mo Rent/2 BR
1585

Electric

Electric Company
tep

Parking

# Covered Parking
27
Other
27 uncovered

Submit With Offer

Seller Title Company
Fidelity National

Sold Info

Est. Closing Date
2025-09-25
IDX
Listing Office: Long Realty
Last Updated: September - 25 - 2025
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