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3932 N PARK AVENUE, TUCSON, AZ 85719

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3932 N PARK Avenue
Tucson, AZ 85719

$800,000

Baths: 0
Number of Units: 4
Type: Multi-Unit Residential
Listing #6826851
This well kept mid-century modern four-plex is fully occupied yielding a near 7% CAP rate. Recent remodel includes HVAC systems in 2017, Water heaters in 2018, Sewer Lining in 2018 and much more. The building is located in close proximity to University of Arizona, great shopping and dinning; and close to freeways and transportation facilities. The property has room for expansion and more development for higher returns. It boasts a large area for parking, individual front yards and large back yards along with potential ad-ons. Its charming curb appeal and low maintenance design makes this a great option for many investors.
Listing Courtesy of Keller Williams Realty Sonoran Living
Property Features
Location Information
County: Pima
Cross Street: Prince Road and Park Ave
Community Features: Other, See Remarks, No Pool
Latitude: 32.278678
Longitude: -110.956458
Subdivision: S30 T13S R14E
Directions: Prince Road and Park Ave., North on Park Ave. to address
Township: 13
Interior Features
Full Baths: 0
Has Fireplace: No
Heating: Individual, Heat Pump, 2 or More Units
Cooling: Central Air, Electric, 2 or More Units
Floors: Other, Ceramic Tile
Tenant Pays: Electricity
Total Number of Units: 4
Exterior Features
Construction: Adobe
Roof: Built-Up
Water Source: See Remarks, City Franchis
Septic or Sewer: Other, Public Sewer
Covered Spaces: 0
Electric: City Electric
Parking Description: Other, Free, Add'l Parking Avail, <1 Space Per Unit, On Street
Has a Pool: No
Is a Horse Property: No
Lot Size in Acres: 0
Lot Size in Sq. Ft.: 0
Dimensions: Irregular
Zoning: R5
Number of Buildings: 1
Road Description: Asphalt, Sidewalk(s)
Additional Information
Income & Expenses: Owner Association: No, Operating Exp: $2050.0
1 Bedroom Units: # 1 Bedroom Units: 2, Avg Rent: $1195.0, Avg SqFt: 707, # Baths: 1
2 Bedroom Units: # 1 Bedroom Units: 2, Avg Rent: $1400.0, Avg SqFt: 828, # Baths: 1
Property Type: RI
Year Built: 1960
Status: Active
Owner Pays: Other, Water, Sewer
Lot Features: Other, See Remarks, No Community Pool
Tax Year: 2014
Tax Amount: $2,050
New Financing: Cash, VA5, Conventional5, FHA5, Seller May Carry
Income & Expenses: Gross Annual Sch Inc: $62280.0, Adjusted Gross Inc: $62280.0, Net Operating Income: $53573.0


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Term
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List Price:
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Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.
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Indicates a property listed by a real estate brokerage other than iHomefinder, Inc.
ARMLS - Arizona data last updated at March 28, 2025, 6:26 PM MST
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