4444 E Fairmount Street, Tucson, AZ 85712

$1,605,000
Property Type: Multi-Family Square Footage: 26,545 Lot Size (sq. ft.): 95,832 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
St Suffix
Street
State
AZ
Zip Code
85712
County
Pima
Country
USA

Location, Tax & Legal

Assessor #
122-12-076A
Area
Central
Subdivision/Neighborhood
Speedway
Municipality/Zoning
Tucson - R2

General Property Information

Lot Dimensions
337 x 175 x 120 x 20 x 30
Lot Sqft
95832
Lot Size Source
Assessor
LivingArea
26545
Year Built
1977
Lot Acres
2.2
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 Terms: Cash

Contract Information

Listing Price
1899000
Distressed Info
None

Status Change Info

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

More Information

Showing Information

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

Analysis

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

Income

GrossScheduledIncome
251000
Vacancy Loss
12550
Other Income
2200
Adjusted Gross
240650
Total Expenses
72300
NetOperatingIncome
168350

Expenses

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

Miscellaneous

Master Water Meter
Yes
Package Available
Yes

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

Water

Public
Yes

Terms

Conventional
Yes

Sold Info

Seller Paid Repairs
170000
IDX
Listing Office: Long Realty
Last Updated: September - 03 - 2025
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