Seller Financing
716 N PALO VERDE Boulevard, Tucson, AZ
$ 1,200,000
Property Attributes
  • MLS#6680919
  • TypeMulti-Family
  • CountyPIMA
  • CityTucson
  • Zip85716
  • StyleMultiple Dwellings
  • Year Built1949
  • Taxes$ 4120
  • Price$ 1,200,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
Data Source:
Arizona Regional MLS (ARMLSN)
Property Description

Mid Town Casitas is located in the heart of Miramonte steps to the 3rd St bike path comprised of six luxury apartments on two residential parcels. Three duplex buildings and a laundry/storage building surrounding a large courtyard with lush desert landscaping. The property has been completely remodeled to reflect old Tucson architecture with old world and modern interior finishes. All units are large 1/1 floor plans with lots of windows, front and rear entry/ext doors, plank & beam ceilings, AC/Gas heating, gas appliances, hard surface flooring, private outdoor spaces, off street parking and free laundry facilities. This property attracts quality tenants with low turn over. Can only be purchased with seller financing. See details in the offering memorandum attached under documents tab

Price History
3/22/2024 Listed $1,200,000

General Features

Sewer Public Sewer
Heating Natural Gas
Cooling Central A/C
Roof Built-Up
Zoning R2
Construction Materials Painted,Stucco,Block
Year Built 1949
Electric City Electric
Tenant Pays See Remarks
Township 14
Tax Year 2023
Percent Ownership Fee Simple
Gross Income 89258.4
OwnerPays See Remarks
Community Features See Remarks
County Pima
Net Operating Income 71964.0
Operating Expense 14895.0
Insurance Expense 2350.0
Property Type Multiple Dwellings
Attached Garage No
MaintenanceExpense 2500.0
Garage Y/N No
Status Active
Directions Alvernon & 3rd St,west to Palo Verde,south to property
City Tucson
Buyer Agent Compensation 2.00
Disclosures Other (See Remarks)
View Y/N No
High School District Tucson Unified District
Open Parking Spaces 0.0
Total Units 6
Lot Size Square Feet 0.0
Carport Y/N No
Street Name PALO VERDE
Tax Annual Amount 4120.0
Electric Expense 300.0
Fuel Expense 300.0
Water Sewer Expense 5325.0
Lease Renewal Y/N No
Additional Parcels Y/N Yes
Lease Considered Y/N No
Rent Control Y/N No
Days on Market 73
Standard Status Active
Occupancy Type Tenant
Elementary School District Tucson Unified District
Tax Lot 00001
Cap Rate 6.0
MobileHomeRemainsYN No
Buyer Agent Compensation Type %
Ownership Fee Simple
Senior Community No

Interior Features

Flooring Ceramic Tile,Vinyl
Air Conditioning Y/N Yes
Heating Y/N Yes
Street Suffix Boulevard
Electric On Property Y/N No

Exterior Features

Parking Features >1 Space Per Unit
Water Source City Franchise
Total Parking 12.0
Lot Size Area 0.0
Number of Buildings 3
Spa No
Lot Dimensions Irregular
Lot Size Acres 0.0
Road Surface Type Asphalt
Covered Spaces 12.0
Crops Included Y/N No
Open Parking Y/N No
Irrigation Water Rights Y/N No


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 85716

AVG $930K
AVG $3,620
AVG 220
Data Provided by Inside Real Estate®
Year Built
AVG 1971