tomo logo

$820,000

Beds
9
Baths
4.5
sq ft
3,362

1221 North Belvedere Avenue, Tucson, AZ 85712

1221 North Belvedere Avenue

Tucson, AZ 85712

  • 52 days on market
    • Price drop $5,000↓
Welcome to an exceptional investment opportunity to generate high income in the heart of central Tucson. Enjoy the prime location, minutes to the University of Arizona, downtown and I-10. Very rare 4plex consisting of three 2bedroom 1 bath units and one large 3bedroom two bath unit! Live in one unit and rent out the other three. Or, rent all four units. Currently, one unit has a long term tenant rented at under market rent. The other 3 units are furnished and rented as Arbnb/VRBO producing high income. Furnished units can be ideal for Traveling Nurses, or long term corporate housing. The three 2bed/1bath units are fully furnished and turn key! Start generating income immediately with the current professionaly managed worry free business. Lots of renting options with each unit individually metered for gas & electricity. Each of the furnished 2bed/1bath units have three Mini-Splits. All units have their own private yards with open on property parking for 8 vehicles. Enjoy the beautiful easy low maintenance landscaping. The property also features a common area laundry facility and multiple storage rooms. Whether you're looking to add to your portfolio or start your investment journey, this 4-plex represents a financially sound choice in a desirable Tucson market. Take advantage of this rare chance to own a reliable income-producing property! Don't miss out! Schedule a tour today and see firsthand the potential this incredible property has to offer!

Details

Property type

Single Family Residence

Est. home value

$675,516

Lot size

0.41 acres

Price per sq ft

$244

Year built

1948

Annual property taxes

$3,689.03

Price History

11/15/2024
MLSSAZ

MLSSAZ #22424072

Price change
$820,000
-0.61%
10/25/2024
MLSSAZ

MLSSAZ #22424072

Listed
$825,000
10/12/2024
MLSSAZ

MLSSAZ #22424072

Pending
$825,000

Schools & Community

Neighborhood: 

Garden District

Elementary school: 

Wright

Middle school: 

Doolen

High school: 

Catalina

School district: 

TUSD

Negotiation Insights

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Seller could get up to

$177,254
Asking price
$820,000
Closing costs (~8% of asking)
-$65,600
Est. remaining loan balance
-$577,146
Cash to seller
$177,254

This is an estimate of how much the seller could receive at closing after paying off the outstanding mortgage.

Seller’s Loan History

Lender

Broker Solutions Inc

Loan start date

February 2022

Original loan amount

$613,000

Est. remaining balance

$577,146

Interest rate

3.05%

Loan type

VA, 30 year

Seller

Juan Carlos Tomov

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 11/17/2024 at 9:25 AM

Listing updated: 11/15/2024 at 7:05 PM

Listed by: Joel Garcia, Joel B Garcia, Joel B Garcia, Joel B Garcia, Tierra Antigua Realty Phone #: (520) 428-3338

MLS: MLSSAZ #22424072

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