50 Mountain Tucson, AZ 85719 Sold 2024-07-31

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• 9Y Old

Sold for $2,950,000 Listed for $3,250,000

50 Mountain

9598 sqft
0.43 Acres

This property is not currently for sale or for rent.

Property Description

Rare opportunity to purchase newer construction within 3 blocks of UofA around a 8.06% Cap rate (proforma)! Seller Financing Available @6% for up to 5 years OAC with 30% downpayment. This newer building integrates metal roofing with block and stucco finishes for a really neat modern look that the students love. 4-plex, with 8bds/3.5bths per unit. Large units with huge common areas, all tile throughout, hardwood cabinets, corian counters, and ample appliances. Floorplan designed by afor students. Huge Picture windows in front frame nice mountain and city views. Large enclosed common area with Turf. Parking lot w 14 parking spots, 4 on street parking spots available, basketball hoops. This property is zoned for group homes and could be ideal for a variety of non-student housing needs.

Directions

From Broadway and Campbell. North to 10th Street. West to Mountain Ave. On Southeast corner of 10th street and Mountain.

Map to 50 Mountain, Tucson, AZ 85719

Property
MLS # 22410347
Date Listed 2024-04-25
Status Sold
Property Type Multi-Family/Apartments
Property SubType 4 Plex
Square Feet 9598 sqft
Annual Taxes $15,795.00
Year Taxes Payable 2023
Year Built 2015
Days on Market 97
Zoning Tucson - R3
External Features
Lot Size 18,750 sq ft
Acreage 0.43 Acres
Lot Dimensions 125 X 150 X 125 X 151
Fence None
Location
Area Central
County Pima
Subdivision Drakes Addition
City Tucson
State AZ
Zip 85719
Flood Zone No
Schools
School District TUSD
Elementary Cragin
Middle School Mansfeld
High School Tucson
Financial
Usage 4 Plex
Assoc. Dues $0.00

MLS# 22410347
Listing Provided Courtesy of Jarrett W Reidhead
Pinnacle Realty and Investment Advisors LLC

Listing updated July 31, 2024 at 6:45 pm
Last checked 11 minutes ago

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Learn More About 50 Mountain

Presented By
The Schaefer Team
The Schaefer Team
(520) 668-5037
Email
This property is not for sale or for lease.
Agent to Contact

By clicking "Message Agent", you agree to be contacted by Schaefer Real Estate Team about your request. Please see our Privacy Policy.