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$3,250,000   Price Analysis
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50 N Mountain Ave
Tucson, AZ 85719
Unknown bed 0 bath 9,598 SqFt ($338/SqFt)
0.43 acre lot. Built 2015
Listed 2024-04-25, Taxes $15,871
Ⓧ USDA Ineligible
due to price & location

near Tucson

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 tle 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 com mon 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.


Presented by Jarrett W Reidhead at
Pinnacle Realty and Investment Advisors LLC.


Property MLS #22410347 from SouthernArizona

Cooling Features: Zoned
Heating Features: Zoned

Lot Size Acres: 0.43
Lot Size Dimensions: 125 X 150 X 125 X 151
Lot Size Source: Assessor
Lot Size Square Feet: 18750

Association: No
Calculated Total Monthly Association Fees: 0

Annual Tax Amount: 15795.00
Source Listing Status: Active
County: Pima
Directions: From Broadway and Campbell. North to 10th Street. West to Mountain Ave. On Southeast corner of 10th street and Mountain.
Tax Year: 2023
Source Property Type: Multi-Family
Area: Central
Source Neighborhood: Drakes Addition
Parcel Number: 124-08-2240
Subdivision: Drakes Addition
Zoning: Tucson - R3
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$unknown + $unknown
$113,955
$15,871
2021$unknown + $unknown
$108,529
$15,779
2020$unknown + $unknown
$103,361
$15,300
2019$unknown + $unknown
$98,621
$15,126
2018$unknown + $unknown
$96,892
$15,262
2017$unknown + $unknown
$95,529
$15,711
2016$unknown + $unknown
$90,980
$15,169
2015$unknown + $unknown
$18,554
$3,147
2014$18,504 + $50
$18,554
$3,110
2013$18,504 + $50
$18,554
$2,598
2012$20,251 + $50
$20,301
$2,773
2011$20,466 + $50
$20,516
$2,714
2009$14,438 + $6,563
$21,001
$2,078
2006$14,438 + $6,563
$21,001
$1,676

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Total Square Feet Living: 9598
Year Built: 2015
Construction Materials: Concrete Block, Masonry Stucco, Metal
Property Age: 9
Structure Type: 4 Plex

Sewer: Connected
Water Source: City Water

Security Features: Security Lights, Window Bars

Mansfeld Middle School is a public middle school located approximately 0.4 miles away.
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Tucson Magnet High School is a public middle and high school located approximately 0.7 miles away.
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Roskruge Bilingual Magnet Middle School is a public elementary and middle school located approximately 0.8 miles away.
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Tucson Academy of Excellence is a private elementary, middle and high school located approximately 0.4 miles away.
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.