4444 E Fairmount Street, Tucson, AZ 85712

$1,605,000
Property Type: Multi-Family Square Footage: 26,545 Lot Size (sq. ft.): 19 Status: Closed
Current Price: $1,605,000 List Date: 5/04/2016 Last Modified: 9/03/2025

Overview

Description

Nice established 7 building centrally located complex on a corner lot. Individually metered for electric. Many amenities: Pool, Laundry Room, on-site office for property manager, single story, evaporative cooled. Majority of units remodeled w/tile and carpet in bedrooms.

Listing Details MLS# 21608295

Address Information

Street #
4444
Direction
E
Street Name
Fairmount
Suffix
Street
State/Province
AZ
Zip Code
85712
County
Pima
Country
USA

Location, Tax & Legal

Tax Code
122-12-076A
Area
Central
Subdivision
Speedway
Tax Year
2015
Taxes
17299
Assessments
0
Legal Description
Speedway N200' Lot 6 EXC SPDRL $% ALL of Lots 7 & 8 Blk 6
Township
14
Community
None
Range
14
Section
3
Municipality/Zoning
Tucson - R2
Fire Protection
Included in Taxes

General Property Information

Lot Dimensions
337 x 175 x 120 x 20 x 30
Lot Acres
2.2
Lot Sqft
95832
Lot Size Source
Assessor
Combined SqFt
26545
Year Built
1977
List Price/SqFt
71.54
Lot Size Price/SqFt
19.82

Property Features

Construction: Frame Main Cooling: Central Air; Evaporative Cooling Main Heating: Baseboard Sewer: Connected Water: Public Security: None Terms: Cash; Conventional

Contract Information

Distressed Info
None

Status Change Info

Off Market Date
2016-05-09
Pending Date
2016-08-01
Sold Date
2016-08-03
Sold Price/SqFt
60.46
Lot Sz Sold Prc/SqFt
16.75
How Sold
Conventional

More Information

Showing Information

Directions
Speedway to Swan, North to Fairmount, West to address. Corner of Fairmount & Catalina

Unit Info

# of Units/Studios
10
Avg Mo Rent/Studios
400
# of Units/1 BR
10
Avg Mo Rent/1 BR
450
# of Units/2 BR
33
Avg Mo Rent/2 BR
575
Avg Mo Rent/3 BR
0
Avg Mo Rent/Other
0

Analysis

Cap Rate %
10.49
Gross Rent Multi
6.67
Vacancy Rate %
5
Exp/SqFt
2.72
Exp % of Gross
30.04

Income

Gross Scheduled Rent
251000
Vacancy Loss
12550
Other Income
2200
Adjusted Gross
240650
Total Expenses
72300
Net Opp Income
168350

Expenses

Contract Services
1800
Gas/Electric
2000
Insurance
7000
Maintenance Supplies
12000
Management
15000
Taxes/Assessments
17300
Water/Sewer
15000
Other Expenses
2200
Figures Presented
Actual
Admin Expenses
0
Capital Expenses
0
Resident Manager
0

Sold Info

Seller Paid Repairs
170000

Miscellaneous

Master Water Meter
Yes
Package Available
Yes

Construction

Frame
Yes

Sewer

Connected
Yes

Water

Public
Yes

Main Cooling

Central Air
Yes
Evaporative Cooling
Yes

Main Heating

Baseboard
Yes

Terms

Cash
Yes
Conventional
Yes

Security

None
Yes
Listing Office: Long Realty
IDX
Last Updated: September - 03 - 2025
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