4007 N Stone Avenue, Tucson, AZ 85705 (MLS# 22112506)

4007 N Stone Avenue, Tucson, AZ 85705

$1,350,000

Property Type: Commercial Square Footage: 7,447 Lot Size (sq. ft.): 39 Status: Closed

Current Price: $1,350,000 List Date: 5/14/2021 Last Modified: 6/11/2025

Overview

Description

Bali Hai Townhomes is a nine unit property comprised of four duplexes and one SFR all on separate tax codes. Well laid out on .82 acres with perimeter fencing and night lighting. There is a dedicated city park area which serves as a buffer zone between the complex and Stone Ave. Each unit includes: Central AC/heat, fenced yards, covered patios, two dedicated parking spaces and a washer and dryer in the unit. Several of the tenants are month to month long term paying below market rents, rents can easily be raised. Unit mix is One 3/2 SFR, two 2/2 townhomes and six 2/1 townhomes. Owner managed complex, meticulously maintained with no deferred maintenance built 2006-2013. Seller will finance with 30% down. Additional information under the document tab. Drive by only do not disturb the tenants

Listing Details MLS# 22112506

Address Information

Street #: 4007
Direction: N
Street Name: Stone
Suffix: Avenue
State/Province: AZ
Zip Code: 85705
County: Pima
Country: USA

Location, Tax & Legal

Tax Code: 105-12-058B
Area: Central
Tax Year: 2020
Taxes: 6183
Assessments: 0
Taxes For: Building & Land
Legal Description: multiple, provided in escrow
Municipality/Zoning: Tucson - R2
Fire Protection: Included in Taxes
FEMA Flood Zone: No
Municipal Flood Zone: No

General Property Information

Property Sub-Type: Apartment
# Units: 9
Total Parking: 20
Multi-Tenant: Yes
Year Built: 2006
Lot Dimensions: irregular
Lot Acres: 0.82
Lot Sqft: 35719
Lot Size Source: Assessor
Combined SqFt: 7447
Source of SqFt: Other
List Price/SqFt: 187.86
Lot Size Price/SqFt: 39.17

Property Features

Construction: Frame - Stucco Roof: Built-Up; Metal; Shingle Main Cooling: Central Air Main Heating: Heat Pump Water Heater: Electric Terms: Cash; Conventional; Exchange; Owner Carry

Contract Information

Short Sale: No

Status Change Info

Off Market Date: 2021-06-14
Pending Date: 2021-08-04
Sold Date: 2021-08-17
Sold Price/SqFt: 181.28
Lot Sz Sold Prc/SqFt: 37.8
Financing: Exchange

More Information

Showing Information

Directions: Limberlost and Stone, south half way through the curve. the property is on the right.

Income

Gross Scheduled Rent: 92940
Vacancy Loss: 1850
Other Income: 5340
Adjusted Gross: 96430
Net Opp Income: 79990

Analysis

Cap Rate %: 5.71
Gross Rent Multi: 14
Vacancy Rate %: 1.99

Expenses

Figures Presented: Actual

Unit Information

Apartment: Low Rise

Apartment Unit Information

# of Units/2 BR: 8
# of Units/3 BR: Yes

Construction

Frame - Stucco: Yes

Roof

Built-Up: Yes
Metal: Yes
Shingle: Yes

Main Cooling

Central Air: Yes

Main Heating

Heat Pump: Yes

Water Heater

Electric: Yes

Terms

Cash: Yes
Conventional: Yes
Exchange: Yes
Owner Carry: Yes

Sold Info

Seller Concessions: 0

Documents

Listing Office: Better Homes & Gardens Real Estate - SJ Fowler

Last Updated: June - 11 - 2025

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