811 N Alvernon Way 835, Tucson, AZ 85711

$2,375,000
Property Type: Multi-Family Square Footage: 45,211 Lot Size (sq. ft.): 105,918 Status: Closed
Current Price: $2,375,000 List Date: 1/25/2006 Last Modified: 6/24/2026

Overview

Description

Great unit mix and very high occupancy located in central Tucson close to University of Arizona and shopping. Security gated, laundry facilities, two pools and air conditioned. Extra 37,998 of R3land adjoins property and is included in the price. Could be developed for many uses enhancing the overall value of the property. Excellent opportunity! Complete financials available to qualified parties. Please do not disturb Manager or Tenants!!!

Listing Details MLS# 2532656

Address Information

Street #
811
Direction
N
Street Name
Alvernon
St Suffix
Way
State
AZ
Zip Code
85711
County
Pima
Apt/Unit #
835
Country
USA

Location, Tax & Legal

Assessor #
125-11-191C
Area
Central
Subdivision/Neighborhood
Speedway View Addition
Municipality/Zoning
Tucson - R3

General Property Information

Lot Dimensions
240x378x300x126x60x315
Lot Sqft
105918
Lot Size Source
Assessor
LivingArea
45211
Year Built
1958
Lot Acres
2.43
List Price/SqFt
55.3
Lot Size Price/SqFt
23.6

Property Features

Construction: Slump Block Sewer: Connected Neighborhood Features: Gated Community Terms: Cash; Exchange; Submit Property Disclosures: Unknown

Contract Information

Listing Price
2500000

Status Change Info

Off Market Date
2006-04-20
Under Contract Date
2006-02-08
Sold Date
2006-04-20
Sold Price/SqFt
52.53
How Sold
Conventional
Lot Sz Sold Prc/SqFt
22.42

More Information

Showing Information

Directions
Broadway/Alvernon North to Address

Analysis

CAPRate
7.94
Gross Rent Multi
6.19
Vacancy Rate %
5
Exp % of Gross
50.82
Exp/SqFt
4.53

Income

GrossScheduledIncome
412860
Vacancy Loss
20643
Other Income
11465
Adjusted Gross
403682
Total Expenses
205160
NetOperatingIncome
198522

Expenses

Admin Expenses
1500
Capital Expenses
6300
Contract Services
25600
Insurance
4900
Maintenance Supplies
12600
Management
20643
Resident Manager
28500
Other Expenses
1200
Gas/Electric
68162
Taxes/Assessments
20273
Water/Sewer
15482

Interior Features

Interior Steps
No

Miscellaneous

Master Elec Meter
No
Master Gas Meter
Yes
Master Water Meter
Yes
Package Available
Yes

Unit Info

# of Units/Studios
5
Avg Mo Rent/Studios
395
# of Units/1 BR
32
Avg Mo Rent/1 BR
500
# of Units/2 BR
20
Avg Mo Rent/2 BR
637
# of Units/3 BR
4
Avg Mo Rent/3 BR
725

Water

Public
Yes

Sold Info

Financing
Yes
IDX
Listing Office: Arizona First Properties, LLC
Last Updated: June - 24 - 2026
The data relating to real estate listings on this website comes in part from the Internet Data Exchange (IDX) program of Multiple Listing Service of Southern Arizona. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listings provided by brokerages other than the listing brokerage here are identified with the MLSSAZ IDX Logo. All Information Is Deemed Reliable But Is Not Guaranteed Accurate. Listing information Copyright 2026 MLS of Southern Arizona. All Rights Reserved.