tomo logo

$825,000

Beds
9
Baths
5.0
sq ft
3,362

1221 North Belvedere Avenue, Tucson, AZ 85712

1221 North Belvedere Avenue

Tucson, AZ 85712

  • Coming soon
Here is an opportunity to generate high income with this rare 4-plex property in Central Tucson. Live in one unit and rent out the other three. Or, rent all four units. Currently, one unit has a long term tenant and the other 3 are furnished and rented as Arbnb/VRBO producing high income. Furnished units can be ideal for Traveling Nurses. Income and Expenses in MLS 22424075 Multifamily listing. Potentia add Income The three 2bed/1bath units are fully furnished and turn key so ready to keep generating income immediately. 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. Low upkeep. Common area laundry facility.

Details

Property type

Single Family Residence

Est. home value

$675,516

Lot size

0.41 acres

Price per sq ft

$246

Year built

1948

Annual property taxes

$122,120

Price History

02/14/2022
MLSSAZ

MLSSAZ #22130791

Sold
$613,000
+53.29%
03/12/2021
MLSSAZ

MLSSAZ #22102209

Sold
$399,900

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

$179,595
Asking price
$825,000
Closing costs (~8% of asking)
-$66,000
Est. remaining loan balance
-$579,405
Cash to seller
$179,595

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

$579,405

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?

Status: Coming Soon

Tomo last checked: 09/28/2024 at 12:30 PM

Listing updated: 09/28/2024 at 11:02 AM

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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